About Redlen Technologies
Redlen Technologies is a Technology company based in Saanich (Canada) founded in 1999, and was acquired by Canon in September 2021. Cadmium Zinc Telluride (CZT) semiconductor radiation imaging modules are manufactured. Redlen Technologies has raised $19.4 million across 8 funding rounds from investors including Canon, National Research Council Canada and BC Advantage Funds. Its focus areas include Semiconductors, Semiconductor and Photonic Materials and Chemicals and Materials.
Company details
Manufacturer of Cadmium Zinc Telluride (CZT) semiconductor radiation imaging modules. These modules are used in medical imaging, security screening, and non-destructive testing applications. The company develops photon counting detector solutions for computed tomography and offers application-specific detector modules. Its manufacturing process combines advanced CZT material with sophisticated electronics. The companys technology is used to create higher-resolution, lower-dose imaging products.
- Headquarters Saanich, Canada
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website redlen.com
- Social LinkedIn
- Acquired by Canon (Sep 2021)
Funding Insights of Redlen Technologies
Redlen Technologies has successfully raised a total of $19.4M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $1.5 million completed in December 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 $19.4M
- Total Rounds 8
- Last Round Series D — $1.5M
- First Round $2.3M
(Mar 2004)
- Investors Count 6
All 8 funding rounds of Redlen Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2014 | $1.5M | Series D | – | – | |
| Mar 2014 | $5.5M | Series D | – | Pangaea Ventures | |
| Apr 2013 | Series C | – | – | ||
| Jun 2010 | $747,355 | Grant | – | – | |
| Feb 2010 | $7.8M | Series C | – | – | |
| Dec 2008 | $185,941 | Debt – Conventional | – | – | – |
| Mar 2004 | $2.3M | Series A | – | – | |
| Mar 2004 | $2.3M | Series B | – | – |
7 investors in total: 7 institutional.
Investors in Redlen Technologies
Redlen Technologies has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Canon, National Research Council Canada and BC Advantage Funds.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Gold IRA custodian services are provided by BC Advantage Funds. | 2015 | bcadvantagefunds.com | ||
Investment in hard tech for planetary health, focusing on materials science, chemistry, and biology. | pangaeaventures.com | |||
Venture capital firm | iqt.org | Washington, Dc, United States | ||
Stage-agnostic sector-agnostic VC firm investing in Canada and the US | growthworks.ca | Vancouver, Canada | ||
Technology investments are made to drive transformative industry growth. | yaletown.com | Vancouver, Canada | ||
Scientific and technological research is conducted for Canada's benefit. | 1916 | nrc.canada.ca | Ottawa, Canada | |
Optical, imaging, and industrial products are provided worldwide. | 1937 | global.canon | Tokyo, Japan |
Investor details for Redlen Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Redlen Technologies
26 people are tracked at Redlen Technologies (6 in leadership, 20 in team).
| Name | Role | Group |
|---|---|---|
Glenn Bindley | President & CEO | Leadership |
Jay Dent | Chief Financial Officer | Leadership |
Meghan Nichol, CPHR | Vp, People & Culture | Leadership |
Erin Golin | Senior Human Resources Business Partner | Leadership |
Sean Poynton, P.Eng, PMP | Vice President, Module Engineering | Leadership |
Mike Jackson | Vice President Research And Development | Leadership |
Maria Carmina dela Rosa | Assistant Financial Controller | Team |
Jeannie Gee | Cost Accountant | Team |
Arezoo Hosseini | Product Engineer | Team |
Ruchit Vora | Software Developer | Team |
Yohan Laffitte | Process Development and Prototyping Engineer | Team |
Charles Amaliri | Senior Talent Acquisition Specialist | Team |
Amir Afshar | Manager - Metrology Operations | Team |
Amir Salar Salehi, P. Eng, MASc. | Facilities and manufacturing engineer | Team |
Darryl Ring | Lead, Embedded Software Engineering | Team |
Dexter Lat Macaisa | Team Lead Engineer Assembly Process Development-module Engineering | Team |
Sean Schocat | Software Engineering Consultant | Team |
Nayanan Divakaran Rajani | Product Application Engineer | Team |
Rico Flores | Process Development Technologist, R&d | Team |
Brad Aitchison | Manager, R&d Process Development | Team |
6 more people are available in the full profile.
Complete people profiles for Redlen Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Redlen Technologies
4 dated milestones of Redlen Technologies across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Redlen Technologies is founded.
- Funding First funding round of $2.3M.
- Funding Latest funding round, Series D, of $1.5M.
- Exit Acquired by Canon.
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Frequently Asked Questions about Redlen Technologies
Redlen Technologies was founded in 1999 and raised its 1st funding round 5 years after it was founded.
Redlen Technologies is headquartered in Saanich, Canada. It is registered at Saanich, British Columbia, Canada.
Redlen Technologies is a funded company, having raised a total of $19.4M across 8 funding rounds to date. The company's 1st funding round was a Series B of $2.3M, raised on Mar 2004.
Manufacturer of Cadmium Zinc Telluride (CZT) semiconductor radiation imaging modules. These modules are used in medical imaging, security screening, and non-destructive testing applications. The company develops photon counting detector solutions for computed tomography and offers application-specific detector modules. Its manufacturing process combines advanced CZT material with sophisticated electronics. The companys technology is used to create higher-resolution, lower-dose imaging products.
Redlen Technologies has 7 investors. Key investors include Canon, National Research Council Canada, BC Advantage Funds, Pangaea Ventures, and In-Q-Tel.
Yes. Redlen Technologies was acquired by Canon in September 2021.