What is Riedon?
Founded in 1960 and headquartered in Alhambra, California, Riedon, Inc. is a key player in the design and manufacturing of wire-wound, thick film, and metal film power resistors. The company's extensive product portfolio also includes surface mount, high power, high voltage, current sense, and precision resistors, catering to original equipment manufacturers (OEMs). Riedon further extends its capabilities to sub-assembly and cable manufacturing, alongside precision manufacturing services for specialized components like resistance flow meter elements and sensors for linear and rotary motion actuators. Its commitment to quality and precision serves demanding industries including aerospace, military, and instrumentation, with a global distribution network.
How much funding has Riedon raised?
Riedon has raised a total of $1.1M across 2 funding rounds:
Debt
$350K
Debt
$775K
Debt (2020): $350K with participation from PPP
Debt (2021): $775K led by PPP
What's next for Riedon?
The recent major strategic investment signifies a pivotal moment for Riedon, positioning it for enhanced growth and innovation within the high-reliability electronics component market. This capital infusion is expected to bolster its manufacturing capabilities and potentially expand its reach into new technological frontiers. As a company with a long-standing history and a focus on critical industries, Riedon is poised to leverage this financing to further solidify its market position and continue its legacy of providing essential components for advanced applications.
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