Overview

Reach Labs focuses on wireless power transmission, developing systems that deliver power without the need for traditional wiring. Their technology allows for long-range power delivery, making it suitable for various industries such as warehousing, manufacturing, and healthcare. The Link System powers devices over longer distances with lower energy needs, while the Batch System is designed for enclosed spaces like drawers and cabinets. Reach Labs serves clients in industrial sectors and healthcare, providing solutions for powering tools and health monitoring devices. Unlike competitors, Reach Labs emphasizes a research-based approach to create adaptable and efficient wireless power systems. The company's goal is to transform power delivery for connected devices, setting new standards in the industry.

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