# Electric Red

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/electric-red

- Industry: IT Infrastructure
- Headquarters: Charleston, US
- Website: www.electricred.com
- Total disclosed funding: $0.1M
- Latest round: Series B (Dec 11, 2006)
- Investors on record: 1

## About

Electric Red, Inc. is a technology company specializing in Managed IT Support Services, offering tailored technology solutions that enhance operational efficiency and security for businesses worldwide.Electric Red, Inc. was founded in 2004 and is headquartered in Charleston, US. The company focuses on providing managed IT support services. It received Series B funding of USD 0.05 mn in December 2006 from Venture Capital Fund of New England, which valued the company at USD 2.75 mn post-money. The founder, Joe Diianni, has a history of entrepreneurial ventures but details on previous endeavors are not available.Electric Red, Inc. specializes in providing Managed IT Support Services, offering comprehensive technology solutions including user support, infrastructure modernization, and ongoing IT management tailored to individual business needs. The company utilizes advanced technologies in AI and automation to optimize network performance and security, thus enhancing organizational efficiency. Electric Red caters to a diverse range of industries, ensuring robust data protection and proactive system monitoring, with a global client base across North America and other international markets.Electric Red generates revenue through a structured model involving B2B transactions, providing subscription-based managed IT services. Clients engage the company for ongoing IT support, including 24/7 helpdesk services, regular system updates, and advanced security measures. Their pricing plans reflect the value of flagship services such as infrastructure upgrades and cybersecurity audits, fostering long-term partnerships with businesses that require tailored IT support.Electric Red, Inc. plans to utilize the Series B funding raised in December 2006 to enhance its service offerings and expand into new markets. The company is designing new products focused on optimizing IT infrastructures and aims to launch these innovations by the end of 2007. Additionally, Electric Red targets expansion into key international markets to broaden its global presence. The latest funding round will support these initiatives, aiding in the development of advanced technology solutions and strengthening its market position.

## Funding rounds

- Series B, Dec 11, 2006, $0.1M — Venture Capital Fund of New England

## Investors

- Venture Capital Fund of New England (https://capitalatlas.ai/funds/venture-capital-fund-of-new-england) — Series B