We are proud to announce the close of a $13 million Series-A funding round from Sovereign’s Capital, Wind River Ventures, and existing shareholders. The funds will support continued growth and development of innovative technology to improve communications, increase employee safety, and digitize physical workflows for frontline teams.
While many technology companies are experiencing declining revenues and layoffs, Relay has seen revenue growth of over 130% year-over-year, and has added high-profile customers across several frontline industries as businesses urgently search for ways to improve their productivity in the face of recessionary market conditions and unprecedented labor shortages.
For the full details, read the Press Release.