Medtech

Raleigh communications startup Relay connects with investors for $13M in new capital

Relay continues to grow, hire and sell more as demand for its technology designed for communications with frontline workers. Bottom line: The company today…

Published

1 year ago

April 26, 2023

This article was originally published by WRAL Techwire

RALEIGH – Relay continues to grow, hire and sell more as demand for its technology designed for communications with frontline workers. Bottom line: The company today announced the raising of $13 million in new capital from investors.

The funding – a Series A venture capital round – came from Sovereign’s Capital, Wind River Ventures, as well as existing shareholders in Relay.

The cloud software startup reports that both its customer base and revenue continue to soar, fueled by demand for its “walkie talkie-like” wearable device and communications platform that it pitches as a way to improve communications with frontline workers.

Revenue is up 130% year-over-year, but the startup which emerged after selling off Republic Wireless in 2021 didn’t disclose specific numbers.

“We are thrilled to partner with our investors to bring innovative solutions to frontline teams,” said Chris Chuang, CEO of Relay, in the announcement. “The need for digital transformation in frontline work has never been greater, especially with pervasive labor shortages and the lingering effects from the pandemic. This is the time for Relay to accelerate our vision of transforming frontline work by delivering innovative technology, designed specifically for the way frontline teams work and the unique challenges they face.”

Relay moved into a new headquarters in 2022 to accommodate its growth. And Chuang said hiring continues. Relay has added 35 workers over the past 18 months, he noted.

“This round of funding will enable us to continue accelerating our rapid growth rate, scale our team, and support further product R&D innovation,” he said.

Clients include companies in hospitality, healthcare, facilities management and other clients who want a better way to communicate with workers, Chuang added.