Redux
Date | Investors | Amount | Round |
---|---|---|---|
$1.7m | Seed | ||
$3.5m | Series A | ||
$1.0m | Series B | ||
N/A | $960k | Seed | |
N/A | $1.0m | Seed | |
N/A | Acquisition | ||
Total Funding | €7.4m |
Recent News about Redux
EditRedux is a technology company specializing in moisture removal from electronic devices using a patented vacuum drying process. This process reduces the evaporating point of water, allowing for quick, complete, and safe moisture extraction at lower temperatures, which is crucial for the integrity of the devices. Redux primarily serves wireless retail locations, insurance companies, and electronic repair services. Operating in the technology and electronics market, Redux's business model revolves around providing its drying technology as a service through various points of distribution. The company generates revenue by partnering with retail locations and offering its technology to insurance companies and repair services, ensuring devices are restored to working condition efficiently. Redux has expanded its reach to over 2,200 distribution points, demonstrating significant growth and market penetration. The company continues to innovate and develop new technologies to enhance its service offerings and maintain its competitive edge.
Keywords: vacuum drying, moisture removal, electronic devices, patented technology, wireless retail, insurance, repair services, market expansion, technology innovation, safe drying.