About Rx Networks
Rx Networks is a company based in Vancouver (Canada) founded in 2002 was acquired by Beijing BDStar Navigation in March 2017.. Rx Networks has raised $6 million across 4 funding rounds from investors including VOXX International, Beijing BDStar Navigation and BC Discovery Fund. Rx Networks offers products and services including TruePoint, Precision Tailor, Location.io, and Custom Solutions. Rx Networks operates in a competitive market with competitors including NextNav, Humatics, Xona Space Systems, Topcon Positioning and Satelles, among others.
- Headquarter Vancouver, Canada
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Sectors
Industrial Goods & ManufacturingTechnology
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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
$6 M (USD)
in 4 rounds
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Latest Funding Round
$794.35 K (USD), Series C
Aug 02, 2010
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Investors
VOXX International
& 4 more
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Employee Count
Employee Count
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Acquired by
Beijing BDStar Navigation
(Mar 30, 2017)
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Products & Services of Rx Networks
Rx Networks offers a comprehensive portfolio of products and services, including TruePoint, Precision Tailor, Location.io, and Custom Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers high-precision corrections for positioning in diverse applications.
Customizes GNSS data for specific user requirements and accuracy needs.
Provides reliable GNSS assistance for real-time global positioning.
Offers tailored pipelines for unique positioning challenges and integration.
Funding Insights of Rx Networks
Rx Networks has successfully raised a total of $6M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $794.35 thousand completed in August 2010. 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 4
- Last Round Series C — $794,350
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First Round
First Round
(03 May 2007)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2010 | Amount | Series C - Rx Networks | Valuation |
investors |
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| Jul, 2010 | Amount | Seed - Rx Networks | Valuation |
investors |
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| Dec, 2008 | Amount | Seed - Rx Networks | Valuation | BC Discovery Fund , VOXX International |
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| 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 Rx Networks
Rx Networks has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include VOXX International, Beijing BDStar Navigation and BC Discovery Fund. 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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Investments are focused on Canadian tech and energy companies.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are directed by TELUS Ventures.
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Founded Year | Domain | Location | |
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Early stage VC firm investing in the US
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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 Rx Networks
| 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 - Rx Networks
| 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 |
Rx Networks Comparisons
Competitors of Rx Networks
Rx Networks 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 NextNav, Humatics, Xona Space Systems, Topcon Positioning and Satelles, 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 |
Indoor positioning solutions for enterprises are provided.
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| domain | founded_year | HQ Location |
Control systems for collaborative robots in human environments are developed.
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| domain | founded_year | HQ Location |
Real-time positioning and navigation services via LEO satellites are delivered.
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| domain | founded_year | HQ Location |
Provides precision positioning systems for infrastructure and farming sectors.
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| domain | founded_year | HQ Location |
Satellite time and location solutions are provided for various industries.
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| domain | founded_year | HQ Location |
Inertial navigation systems are supplied for positioning and tracking solutions.
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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 Rx Networks
Frequently Asked Questions about Rx Networks
When was Rx Networks founded?
Rx Networks was founded in 2002 and raised its 1st funding round 5 years after it was founded.
Where is Rx Networks located?
Rx Networks is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is Rx Networks a funded company?
Rx Networks is a funded company, having raised a total of $6M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.11M, raised on May 03, 2007.
What does Rx Networks do?
Rx Networks was founded in 2002 in Vancouver, Canada, within the location technology sector. Solutions for tracking locations in devices are offered through integrated chips that utilize satellite, WiFi, or cellular signals. Performance enhancements are applied to these chips, resulting in faster and more precise detection. Both indoor and outdoor positioning are supported across various applications.
Who are the top competitors of Rx Networks?
Rx Networks's top competitors include NextNav, Xona Space Systems and Humatics.
What products or services does Rx Networks offer?
Rx Networks offers TruePoint, Precision Tailor, Location.io, and Custom Solutions.
Who are Rx Networks's investors?
Rx Networks has 5 investors. Key investors include VOXX International, Beijing BDStar Navigation, BC Discovery Fund, TELUS Ventures, and Discovery Capital.
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