About Reach Labs
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. Unlike competitors, Reach Labs emphasizes a research-based approach to create adaptable solutions for remote devices. The goal is to transform power delivery for connected devices, providing efficient and practical solutions for clients in diverse sectors.
Culver City, CaliforniaHeadquarters
2015Year Founded
$38.1MTotal Funding
SERIES_BCompany Stage
Industrial & Manufacturing, Energy, HealthcareIndustries
11-50Employees
Benefits
Flexible Work Hours
Unlimited Paid Time Off
Dental Insurance
Vision Insurance
Health Insurance
401(k) Retirement Plan
401(k) Company Match
Long-term Disability
Short-term Disability
Life Insurance
Hybrid Work Options
Company Equity
Risks
Emerging competition from companies like Ossia and WiTricity.
Technological challenges in scaling power delivery over long distances.
Regulatory hurdles related to safety and environmental impact of wireless power.
Differentiation
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.
Upsides
Wireless power market expected to grow at 23.15% CAGR from 2023 to 2028.
Healthcare sector rapidly adopting wireless power for medical devices.
Manufacturing industries investing in wireless power for flexible production lines.
Funding
Total raised$38.05 M
Latest valuation$150.00 M
StageSERIES_B
SERIES B
11/30/2022$30
$150.00 MEARLY VC
10/31/2018$9
$45.00 MSEED
7/31/2015N/A
$600.0 K