Redlen Technologies Inc.

On a mission to make the world a healthier and safer place.

Founded 1999 Canada

Canada 189 employees Series B Total: $33.87M Manufacturing, Semiconductor

Redlen Technologies Inc. is a Canadian semiconductor company founded in 1999 with a mission to create a healthier and safer world. The company specializes in the development and manufacture of high-resolution Cadmium-Zinc-Telluride (CZT) semiconductor radiation detector products, which operate at room temperature and offer superior performance in processing high photon counts and spectroscopic resolution compared to competitor materials. Redlen's focus spans medical imaging, security, non-destructive testing, and food quality control. The company's groundbreaking CZT sensors have revolutionized various industries, particularly driving a technological leap forward in medical CT scanners, leading to enhanced diagnostic accuracy and reduced radiation dose, resulting in global recognition. This innovation and success garnered significant attention, ultimately leading to Redlen's acquisition by Canon Inc. for $430M. The last investment, a Series B round, was secured on July 1, 2019 with E-Fund as the investor. With an extensive team of over 200 dedicated professionals, Redlen fosters a work environment that values Science, Technology, Engineering, and Math (STEM) professionals, emphasizing the importance of diversity in driving innovation. As an equal opportunity employer, the company is committed to building a future where every employee contributes to its mission-driven success. In conclusion, Redlen Technologies presents a compelling opportunity for venture capital, given its industry leadership, innovative technology, and successful track record, especially with its key focus on improving medical imaging and radiation detection for a safer and healthier world.

Funding Stage	Amount	Investors	Lead Investors	Date
Series B	Undisclosed	1	E-Fund	01 Jul 2019
Secondary Market	Undisclosed	1	Pender Technology Inflection Fund	01 Mar 2019
Series B	$13.27M	2	In-Q-Tel, Pangaea Ventures	15 Mar 2017
Series A	$3.00M	1	Pangaea Ventures	09 Jun 2015
Venture Round	$2.00M	1	BC Advantage Funds	21 Nov 2014
Venture Round	$5.50M	4	In-Q-Tel, Pangaea Ventures +2	06 Mar 2014
Venture Round	$7.80M	3	GrowthWorks Capital, BC Advantage Funds +1	09 Feb 2010
Venture Round	$2.30M	1	Yaletown Partners	19 Mar 2004

Funding Stage

Amount

Investors

Lead Investors

Date

Series B

Undisclosed

E-Fund

01 Jul 2019

Secondary Market

Undisclosed

Pender Technology Inflection Fund

01 Mar 2019

Series B

$13.27M

In-Q-Tel, Pangaea Ventures

15 Mar 2017

Series A

$3.00M

Pangaea Ventures

09 Jun 2015

Venture Round

$2.00M

BC Advantage Funds

21 Nov 2014

Venture Round

$5.50M

In-Q-Tel, Pangaea Ventures +2

06 Mar 2014

Venture Round

$7.80M

GrowthWorks Capital, BC Advantage Funds +1

09 Feb 2010

Venture Round

$2.30M

Yaletown Partners

19 Mar 2004

FAQ About Redlen Technologies Inc.

On a mission to make the world a healthier and safer place.

Redlen Technologies Inc. was founded in 1999.

Redlen Technologies Inc. is headquartered in Canada.

Redlen Technologies Inc. operates in Manufacturing and Semiconductor. Its work centres on semiconductor technology, Cadmium-Zinc-Telluride (CZT), radiation detectors and medical imaging. Its customers include Medical Institutions, Security Agencies and Industrial Testing Facilities.

Redlen Technologies Inc. has a B2B and B2B2C business model. Its revenue comes from Product Sales and Service Fee.

Redlen Technologies Inc. has approximately 189 employees.

Redlen Technologies Inc. has completed 8 funding rounds, raising a total of $33.87M. The latest funding stage is Series B.

Redlen Technologies Inc. offers: Design of high-resolution imaging products, Manufacturing of multi-energy x-ray modules, Development of semiconductor sensor technology.

Top alternatives and competitors to Redlen Technologies Inc. include TeraView, KA Imaging Inc., BelGaN. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Redlen Technologies Inc. and TeraView are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Redlen Technologies Inc.

General Information

Discover More

About Redlen Technologies Inc.

Services & Products

Target Customers

Funding Rounds & Investors (8)

Redlen Technologies Inc. Alternatives & Competitors

FAQ About Redlen Technologies Inc.