Overview

Reach Labs focuses on wireless power transmission technology, aiming to change how power is delivered to devices across various industries such as warehousing, manufacturing, and healthcare. Their main products include the Link System, which powers devices over long distances with low energy needs, and the Batch System, designed for enclosed spaces like drawers and cabinets. Unlike traditional wired solutions, Reach Labs' systems allow for remote power delivery, making them suitable for environments where wiring is impractical. The company serves a wide range of clients, from industrial sectors needing to power tools and sensors to healthcare facilities requiring continuous power for monitoring devices. Their goal is to establish a new standard for power delivery in connected devices, leveraging a research-based approach to develop their technology.

Simplify's Take

What believers are saying

• Raised $30M in Series B funding, boosting growth potential.
• Growing demand in smart cities and IoT applications aligns with their offerings.
• Healthcare's shift to remote monitoring increases need for wireless power solutions.

What critics are saying

• Emerging competition from Ossia and Wi-Charge threatens market share.
• Potential patent disputes with companies like Energous and Powercast.
• Economic downturns may limit future venture capital funding.

What makes Reach Labs unique

• Reach Labs offers long-range wireless power, similar to Wi-Fi for data.
• Their patented technology includes high-efficiency circuits and adaptive electromagnetic surfaces.
• Focus on diverse sectors: manufacturing, healthcare, logistics, and retail.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$39.1M

Meets

Industry Average

Funded Over

3 Rounds

Notable Investors:

Y Combinator

Notable Investors:

Y Combinator

$30,000,000

Series B

Dec 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$30M

$30M

$45M

$65M

$100M

View all funding stages