RaySecur Inc.

RaySecur Inc. is a US-based company that specializes in advanced mail security solutions, providing innovative technologies to detect potential mail-borne threats effectively. Founded in 2015 and headquartered in Westwood, US, RaySecur Inc. focuses on developing security solutions for detecting threats in mail and packages.

The company was established by Eric Giroux, who has a history of founding other ventures. In a recent development, RaySecur secured USD 1 mn in GRANT funding from the National Science Foundation on March 8, 2022, bringing their total funding raised to USD 13. 00 mn, with three deals completed to date and a focus on enhancing their detection capabilities. RaySecur specializes in advanced mail security solutions, with its flagship product, MailSecur, leading the market in detecting mail-borne threats.

Utilizing breakthrough imaging technology based on millimeter waves, MailSecur offers real-time, 3D video imaging that enables the detection of even the smallest amounts of powders and liquids, which are increasingly common threats in the 21st century. The system is designed for use in various sectors, including corporate, government, law enforcement, and corrections, serving a diverse client base that includes major organizations in finance, technology, pharmaceuticals, and manufacturing. MailSecur has been deployed across critical sites in North America and is recognized as a Qualified Anti-Terrorism Technology by the U. S.

Department of Homeland Security. The company’s solutions are available in various geographical markets, focusing on regions with heightened security needs, such as major urban centers and governmental hubs worldwide. RaySecur generates revenue through direct sales of its MailSecur systems and associated services. The company employs a B2B transaction structure, primarily selling its products to corporate clients, government agencies, and law enforcement organizations.

These transactions often entail upfront purchases of the MailSecur systems, along with ongoing support and maintenance services. RaySecur offers tailored solutions to its clients, potentially including annual subscriptions for software updates and extended service agreements to ensure optimal performance of their equipment. While specific pricing plans are not disclosed, the firm's business model suggests that the revenue is derived from a combination of product sales and service contracts, aligning with industry standards for high-security technology solutions. RaySecur plans to utilize the USD 1 mn funding received in March 2022 from the National Science Foundation to enhance and automate their threat detection capabilities, particularly for threats hidden in emails and packages.

The company aims to expand into new markets, focusing on regions with increased security demands. Specific target markets and timelines for this expansion have not been detailed, but the funding is intended to bolster their research and development efforts for upcoming product launches.