Rayvio Corp Raises $26 Million to Scale Manufacturing, Utilizing City's Concierge Program
Photo Courtesy of Rayvio Corporation
(Hayward, CA) RayVio Corp., an advanced health and hygiene company, announced it raised $26 million in funding led by IPV Capital and Tsing Capital. RayVio will use the new funding to scale production of their patent protected Ultraviolet (UV) LED technology.
The company’s technology enables new health and hygiene products, such as point-of-use water disinfection, and creates new markets and revenue streams for original equipment manufacturer (OEM) partners. RayVio’s new series of UV LEDs are among the smallest commercially available at a width of 6.5 millimeters, enabling unparalleled flexibility to incorporate into a range of products from self-disinfecting water bottles to hospital surface cleaners. The technology provides up to 40 milliwatts at 100 milliamperes continuous current operation in a single package, the most power available in that size on the market. With its wavelength in the range of 280 to 290 nanometers and its high power density, RayVio’s LEDs deactivate the DNA of bacteria, viruses and other pathogens, thereby preventing disease.
“Consumers in too many countries lack control over major environmental health risks that lurk in everything from drinking water to hospital care,” said Dr. Robert C. Walker, CEO of RayVio. “RayVio’s powerful and efficient technology protects against these threats and provides peace of mind so people can go about their day safely. With this investment, we will scale our technology and expand our partnerships to meet soaring global demand for safe water and environments.”
The capital will enable the company to expand its manufacturing frontend and backend capacity and double its workforce, while continuing to deliver on its leading product performance roadmap through research and development. The City of Hayward’s Economic Development Team is supporting Rayvio’s expansion as part of its Business Concierge Program.
“Rayvio is taking advantage of our concierge service to facilitate expansion of their manufacturing capabilities,” said Paul Nguyen, Economic Development Specialist at the City of Hayward. “By paving way with a streamlined and predicable permitting process, we can play a small role on their road to success.”
The City’s Business Concierge Service is an enhanced customer-service program designed to provide personalized assistance to target industries for every phase of the development process. For more information on Rayvio, visit www.rayvio.com.
About RayVio Corp.
RayVio Corp. is an advanced health and hygiene company that delivers clean water and environments. RayVio helps protect billions from germs and creates new markets and revenue streams by enabling a new class of products. Its powerful and efficient UV LED technology can be integrated into a variety of applications, powering versatile on-demand solutions that give consumers control over health without chemicals or costly consumables. To learn more, please visit www.rayvio.com.