23 October 2019, India:
Raydiant, today at Mobile World Congress in Los Angeles announced that the startup has raised $7 million in a funding round.
The funding round was led by 8VC. Atomic, Bloomberg Beta, Lerer Hippeau, SV Angel and Transmedia Capital also participated in the funding round.
The company also announced the appointment of Bobby Marhamat as CEO.
The startup will use the fresh funds to develop additional product features including new apps, enterprise features, and rich content offerings, to advance strategic partnerships, to grow the team and to help thousands of more businesses transform the customer experience and employee operations.
Bobby Marhamat, CEO, Raydiant, said, “We are thrilled to have so much energy around the company with everything from our new brand, the financial support from our investors and incredible partnerships with the industry’s top enterprise companies.”
Bobby Marhamat, added, “Raydiant is a thriving and growing company, and we are committed to providing businesses with first-class service to bring any screen to life and create an interactive experience within brick & mortar locations.”
Drew Oetting, Founding Partner of 8VC, said, “Our investment is a testament to Raydiant’s growth and limitless potential; we’re excited to be with the company on this journey as they accelerate the impressive track record already established.”
Raydiant has built a rich application platform that offers videoconferencing (with BlueJeans), rich drag-and-drop content editing (with PosterMyWall), unified digital menu management (with SinglePlatform) and fully-licensed B2B music (with Soundtrack Your Brand).
Raydiant was formerly known as Mira Technologies. The startup was founded by Tuan Ho with venture studio Atomic in 2017. It is a is a hardware and subscription service.
(Image – Raydiant)