What is Riedon?
Founded in 1960 and headquartered in Alhambra, California, Riedon, Inc. has established itself as a critical supplier of wire wound, thick film, and metal film power resistors. The company provides essential hardware for original equipment manufacturers, offering a diverse portfolio that includes current sense resistors, high-voltage components, and specialized resistive sensors. Beyond standard component manufacturing, Riedon provides precision manufacturing services, including cable assemblies and coils for linear and rotary motion actuators. By maintaining dual operational hubs in Los Angeles and Berlin, the company effectively services a global clientele, ensuring high-tolerance performance for mission-critical applications in instrumentation and defense.
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
Key Investors in Riedon
PPP
Public-Private Partnership
What's next for Riedon?
The infusion of capital marks a pivotal phase in Riedon's lifecycle, transitioning from a legacy component manufacturer to a more agile, technology-driven industrial partner. Future strategic initiatives are expected to focus on the integration of advanced resistance flow meter elements and the optimization of its international supply chain. By leveraging this recent financing, Riedon is well-positioned to enhance its R&D efforts in precision resistive networks, ensuring it remains at the forefront of the aerospace and military instrumentation sectors. As the company navigates the complexities of modern industrial manufacturing, this investment serves as a catalyst for sustained growth and technological innovation.
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