Relay continues to grow, hire and sell more as demand for its technology designed for communications with frontline workers. Bottom line: The company today announced the raising of $13 million in new capital from investors.
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The cloud software startup said it’s seen both its customer base and yearly revenue jump a whopping 645% over the last year, fueled by demand for its “walkie talkie-like” device and communications platform pitched to frontline workers.
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Relay devices will be used at the NFL stadium where the Cowboys play home games.
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Republic Wireless is about to become part of the DISH network but Relay – a company focused on a walkie-talkie typ[e device – will not, will remain based in Raleigh, and no employees of the company will be affected by the sale, says its founder and CEO.
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Introduced a year ago as a replacement for walkie-talkie push-to-talk devices, the Relay is evolving into the Relay+ with more features and services.
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Today is quite a busy one for tech and life science firms – from startups to multi-nationals – across North Carolina with news from Relay, Bandwidth, LabCorp, Liquidia, Levitate, Volvo Trucks, CommScope, Pharmacy Quality Solutions, TagoIO, Beroe and MED-EL.
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New York’s Weill Cornell Medical College recently rolled out a pilot program called VoiceLove, distributing 160 Relay devices to COVID-19 patients separated from their families in the ICU.
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Republic Wireless plans to introduce in “coming months” a new device that’s loaded with safety applications and works where cellular access is available. It’s not a traditional smartphone.
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