# Rigado

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rigado

- Industry: Software
- Headquarters: Salem, US
- Website: www.rigado.com
- Total disclosed funding: $20M
- Latest round: Series A (Jun 19, 2018)
- Investors on record: 5

## About

Rigado, Inc. is a provider of integrated Internet of Things (IoT) solutions, focusing on enhancing connectivity for retail enterprises through innovative hardware and software offerings.Founded in 2010 and headquartered in Salem, US, Rigado, Inc. specializes in IoT systems designed for retail environments. The company has undergone strategic pivots to enhance its technology offerings and capture market demand. In June 2018, Rigado raised USD 15 mn in Series A funding, led by Madrona Venture Group, with participation from FusionX Ventures, Oregon Venture Fund, and Rogue Venture Partners. The firm has conducted two notable deals to date. The leadership team includes CEO Brad McMahon and Justin Rigling, both of whom bring significant experience in the technology sector.Rigado specializes in providing integrated Internet of Things (IoT) solutions tailored for retail enterprises. Their core product offerings include the Cascade 500 IoT Gateway and Cascade 5000 IoT Access Point, which enable seamless connectivity for a range of devices, including electronic shelf labels (ESLs) and various sensors used in inventory management, food safety, and in-store security. These devices facilitate continuous inventory tracking, conditions monitoring to mitigate food spoilage, and enhanced security measures through digital locks. Rigado’s solutions are designed to serve a diverse clientele that includes retailers, grocery stores, quick service restaurants, and pharmaceutical companies, primarily within North America and Europe. By addressing the critical need for efficient and secure device connectivity, Rigado aims to accelerate digital transformation across retail operations.Rigado generates revenue through a combination of hardware sales and service subscriptions, enabling businesses to implement their IoT solutions effectively. The transaction structure typically involves B2B engagements, where retailers and other enterprises purchase Rigado’s IoT hardware, such as the Cascade 5000 Access Point, and subscribe to ongoing support and monitoring services. This dual revenue model ensures that clients benefit from both the product's capabilities and the associated services for optimal performance. Specific pricing plans are structured around the complexity and scale of the solutions deployed, reflecting the integration of multiple devices and sensors within their operational framework. The company’s flagship products not only enhance operational efficiencies but also provide critical data insights for end-users, solidifying their role as a key player in the retail IoT market.Rigado plans to leverage the recent Series A funding, raised in June 2018, to accelerate the development of new products and expand its market presence. The company is focused on designing upcoming IoT solutions that enhance device connectivity and operational efficiency for retail clients. Plans are in place to expand into additional geographic markets, particularly targeting regions in Europe by the end of 2023. The recent funding will support R&D initiatives for product enhancements and broader market penetration.

## Funding rounds

- Series A, Jun 19, 2018, $15M — Madrona Venture Group, Vanedge Capital, Oregon Venture Fund, Rogue Venture Partners, FusionX Ventures
- Seed, Aug 15, 2017, $5.2M — Oregon Venture Fund, Rogue Venture Partners

## Investors

- Oregon Venture Fund (https://capitalatlas.ai/funds/oregon-venture-fund) — Seed, Series A
- Rogue Venture Partners (https://capitalatlas.ai/funds/rogue-venture-partners) — Seed, Series A
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series A
- Vanedge Capital (https://capitalatlas.ai/funds/vanedge-capital) — Series A
- FusionX Ventures (https://capitalatlas.ai/funds/fusionx-ventures) — Series A