RemoteReality Corp.
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RemoteReality Corp. - overview
Location
Putnam, CT, US
Primary Industry
Consumer Products
About
RemoteReality Corp. is a technology company specializing in website hosting solutions, enabling efficient website management and online presence for businesses and individuals. RemoteReality Corp. operates in the technology sector, focusing on website hosting services.
The company was founded in Putnam, US, and has undergone strategic pivots to refine its offerings. Led by CEO Denny Mcginn, RemoteReality has successfully raised USD 1. 00 mn in total funding, including the latest round of VENTURE DEBT in December 2013, amounting to USD 0. 50 mn.
The company has completed 7 deals since its inception. RemoteReality Corp. provides a robust platform for website hosting, particularly optimized for WordPress users. This service addresses key challenges such as website performance, security, and user-friendliness, catering to small to medium-sized businesses, bloggers, and e-commerce sites across various sectors including retail, education, and entertainment.
The company focuses on regions like North America, Europe, and parts of Asia, delivering reliable hosting solutions tailored to the needs of WordPress users. The company's revenue model is primarily subscription-based, allowing clients to choose from various monthly or annual hosting plans. This structure ensures predictable income while offering features such as enhanced security and increased storage capacity. Premium hosting packages are designed for high-traffic websites, enabling optimal performance and reliability, encouraging direct consumer engagement with the platform.
RemoteReality Corp. has plans for significant growth through the introduction of new products aimed at enhancing its hosting solutions, with potential launch dates yet to be determined. The company is also targeting expansion into new markets, specifically aiming to increase its footprint in Europe and Asia by the end of 2024. The recent VENTURE DEBT funding of USD 0.
50 mn will support these initiatives, facilitating the development of new offerings and market penetration efforts.
Current Investors
National Science Foundation, Innovation Valley Partners, Battelle Ventures
Primary Industry
Consumer Products
Sub Industries
Consumer Electronics
Website
www.remotereality.com
Company Stage
Angel & Seed
Total Amount Raised
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