Radio Bridge Inc.
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Radio Bridge Inc. - overview
Established
2016
Location
Brooklyn Park, MN, US
Primary Industry
Electronics
About
Based in the US, Radio Bridge Inc. specializes in designing and manufacturing long-range wireless sensors, enabling efficient monitoring for the Internet of Things (IoT) market using LoRaWAN technology. Radio Bridge Inc. was founded in 2016 in Brooklyn Park, US, and operates in the IoT sector, providing innovative sensor solutions for various applications.
The company was acquired by Multi-Tech Systems, Inc. on June 8, 2021, although financial terms were not disclosed. Steve Kilts serves as both the founder and CEO of the company. Prior to Radio Bridge, Kilts had experience in the tech industry, contributing to the development of advanced wireless technologies.
Radio Bridge specializes in the design and manufacturing of long-range wireless sensors for the Internet of Things (IoT) market using the LoRaWAN wireless standard. Their core product offerings include a diverse array of sensors capable of monitoring various environmental stimuli such as temperature, humidity, movement, air quality, and liquid leaks. These sensors are engineered to provide reliable, real-time data transmission over significant distances, catering to the needs of commercial and industrial facilities. The company serves clients across multiple sectors including agriculture, smart cities, logistics, and environmental monitoring, targeting geographical markets such as North America, Europe, and parts of Asia.
By offering customizable solutions, Radio Bridge addresses specific use cases that require efficient monitoring and management of resources or conditions in various operational environments. Radio Bridge operates within a transaction structure primarily involving B2B sales, wherein they engage directly with OEMs, system integrators, and solution providers. The company’s revenue model is supported through direct sales of their flagship products, including the MultiTech Reveal™ sensors and associated sensor-to-cloud monitoring solutions. Additional revenue encompasses partnerships and subscription services that offer customers ongoing access to sensor data and management through a cloud-based console.
Radio Bridge emphasizes long-term business relationships with its clients, which may include service agreements for system design and custom wireless sensor solutions, enhancing the overall customer experience and operational efficiency for their partners. Following the acquisition by Multi-Tech Systems, Inc. in June 2021, Radio Bridge aims to leverage its new position to enhance its offerings and capabilities in application development and custom design. The company plans to expand its product range with upcoming sensor technologies designed for broader market applications.
Additionally, there are ambitions to penetrate new geographic regions, particularly in Europe and Asia, by 2023. The recent acquisition will facilitate this expansion by integrating connectivity solutions tailored to customer needs.
Current Investors
SmartWave Technologies Inc., Multi-Tech Systems, Inc.
Primary Industry
Electronics
Sub Industries
Integrated Circuits
Website
www.radiobridge.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Radio Bridge Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Radio Bridge Inc. | - |
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