About Recon Instruments
Recon Instruments is a company based in Vancouver (Canada) founded in 2008 was acquired by Intel in June 2015.. Recon Instruments has raised $17 million across 3 funding rounds from investors including Motorola Solutions, Intel and Kopin. The company has 10 employees as of December 31, 2024. Recon Instruments operates in a competitive market with competitors including Varjo, DigiLens, WayRay, CY Vision and Envisics, among others.
- Headquarter Vancouver, Canada
- Employees 10 as on 31 Dec, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17 M (USD)
in 3 rounds
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Latest Funding Round
$7 M (USD), Series B
Apr 23, 2014
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Investors
Motorola Solutions
& 4 more
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Employee Count
10
as on Dec 31, 2024
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Acquired by
Intel
(Jun 16, 2015)
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Funding Insights of Recon Instruments
Recon Instruments has successfully raised a total of $17M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in April 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $7.0M
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First Round
First Round
(17 Jan 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Series B - Recon Instruments | Valuation | Motorola Solutions , Intel Capital |
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| Sep, 2013 | Amount | Series A - Recon Instruments | Valuation |
investors |
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| Jan, 2012 | Amount | Series A - Recon Instruments | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Recon Instruments
Recon Instruments has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Motorola Solutions, Intel and Kopin. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in US and Canadian companies.
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Founded Year | Domain | Location | |
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Communication technology provider
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Recon Instruments
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Recon Instruments
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Recon Instruments Comparisons
Competitors of Recon Instruments
Recon Instruments operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Varjo, DigiLens, WayRay, CY Vision and Envisics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual reality headsets are provided for immersive professional applications.
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| domain | founded_year | HQ Location |
Designs optical waveguide technology for HUD, AR and biometric applications
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| domain | founded_year | HQ Location |
Holographic AR navigation systems for vehicles are developed.
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| domain | founded_year | HQ Location |
Head-up displays for connected and autonomous vehicles are provided.
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| domain | founded_year | HQ Location |
Holographic augmented reality head-up displays are provided for data overlay.
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| domain | founded_year | HQ Location |
HUD-based smart accessory for bikers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Recon Instruments
Frequently Asked Questions about Recon Instruments
When was Recon Instruments founded?
Recon Instruments was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Where is Recon Instruments located?
Recon Instruments is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is Recon Instruments a funded company?
Recon Instruments is a funded company, having raised a total of $17M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jan 17, 2012.
How many employees does Recon Instruments have?
As of Dec 31, 2024, the latest employee count at Recon Instruments is 10.
What does Recon Instruments do?
Recon Instruments was founded in 2008 in Vancouver, Canada, focusing on heads-up display technology for sports and activity-specific settings. Multi-patent platforms are combined with micro-computers and sensor suites to provide real-time performance stats, GPS navigation, and communication data directly to the eye. Products are built with shock and water resistance, supported by worldwide distribution and partnerships with technology and optics firms. The company was acquired by Intel in 2015.
Who are the top competitors of Recon Instruments?
Who are Recon Instruments's investors?
Recon Instruments has 5 investors. Key investors include Motorola Solutions, Intel, Kopin, Intel Capital, and Vanedge Capital.