RayVio Corp., a Hayward, CA-based health and hygiene company, raised $26m in funding.
The round was led by IPV Capital and Tsing Capital with participation from existing investors DCM Ventures, Capricorn Investment Group, Applied Ventures, Augment Ventures, Tolero Ventures and New Ground Ventures. In conjunction with the funding, Alex Banh of IPV Capital and Don Ye of Tsing Capital joined the board of directors.
The company intends to use the funds to scale its manufacturing frontend and backend capacity, double its workforce, increase its global sales and marketing capabilities, application support and distribution channels.
Led by Dr. Robert C. Walker, CEO, RayVio provides Ultraviolet (UV) LED technology which can be integrated into a variety of applications including point-of-use water disinfection products, helping protect from germs and giving consumers control over health without chemicals or consumables.
FinSMEs
26/04/2016