About Red Bend
Red Bend is a company based in Hod Hasharon (Israel) founded in 1999 was acquired by Harman International in January 2015.. Red Bend has raised $33.5 million across 5 funding rounds from investors including Harman International, Infinity Group and Backwebtech.com. Red Bend has completed 1 acquisition, including VirtualLogix. Red Bend operates in a competitive market with competitors including Sibros, Sonatus, Aurora Labs, Airlinq and TTTech Auto, among others.
- Headquarter Hod Hasharon, Israel
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Sectors
Transportation, Automotive & Logistics
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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
$33.5 M (USD)
in 5 rounds
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Latest Funding Round
$10 M (USD), Series E
Apr 22, 2008
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Investors
Harman International
& 8 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Funding Insights of Red Bend
Red Bend has successfully raised a total of $33.5M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $10 million completed in April 2008. 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 5
- Last Round Series E — $10.0M
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First Round
First Round
(29 Oct 2000)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2008 | Amount | Series E - Red Bend | Valuation |
investors |
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| Feb, 2005 | Amount | Series D - Red Bend | Valuation |
investors |
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| Mar, 2004 | Amount | Series C - Red Bend | 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 Red Bend
Red Bend has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Harman International, Infinity Group and Backwebtech.com. 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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Founded Year | Domain | Location | |
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Venture capital investments in tech and healthtech sectors through dedicated funds.
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Founded Year | Domain | Location | |
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Infinity Group is recognized for cross-border innovation and investment.
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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 Red Bend
Red Bend has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include VirtualLogix. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Virtualization software for embedded systems is developed and marketed.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Red Bend
| 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 |
Red Bend Comparisons
Competitors of Red Bend
Red Bend 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 Sibros, Sonatus, Aurora Labs, Airlinq and TTTech Auto, 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 |
Developer of end-to-end connected vehicle ecosystem
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| domain | founded_year | HQ Location |
Cloud-enabled in-vehicle connectivity and data management solutions are provided.
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| domain | founded_year | HQ Location |
Risks in connected vehicle software are analyzed using AI algorithms.
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| domain | founded_year | HQ Location |
IoT and SaaS-based provider of application development solutions for connected ecosystems
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| domain | founded_year | HQ Location |
Provider of software and hardware solutions for autonomous driver assistance and mobility
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| domain | founded_year | HQ Location |
Automotive software solutions are developed by Elektrobit for vehicles.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Red Bend
Frequently Asked Questions about Red Bend
When was Red Bend founded?
Red Bend was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is Red Bend located?
Red Bend is headquartered in Hod Hasharon, Israel. It is registered at Hod Hasharon, Central District, Israel.
Is Red Bend a funded company?
Red Bend is a funded company, having raised a total of $33.5M across 5 funding rounds to date. The company's 1st funding round was a Series C of $8.2M, raised on Oct 29, 2000.
What does Red Bend do?
Red Bend was founded in 1999 in Hod Hasharon, Israel, as a provider of device management solutions. Software for over-the-air updates, device virtualization, and cybersecurity is developed, with applications in automotive sectors including ECU consolidation and map updates. A unified platform supports management of connected devices across automotive, home, and M2M environments. The company was acquired by Harman in 2015.
Who are the top competitors of Red Bend?
Red Bend's top competitors include Sibros, Aurora Labs and Sonatus.
How many acquisitions has Red Bend made?
Red Bend has made 1 acquisition, including VirtualLogix.
Who are Red Bend's investors?
Red Bend has 9 investors. Key investors include Harman International, Infinity Group, Backwebtech.com, Coral Capital Management, and Pitango.
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