New alliance greatly enhances IoT companies’ ability to design, build and quickly bring to market competitive solutions
San Diego – (Sept. 27, 2017) – D&K Engineering, together with its partner investment fund FusionX Ventures, today announced a collaborative alliance with Rigado, a Gartner Research-named 2017 “Cool Vendor in IoT.” Backed by the FusionX ecosystem and thematic investment model, the partnership brings together D&K Engineering’s design, integration and manufacturing experience with Rigado’s integrated wireless solutions. Together the three companies will build, support and fund next-generation IoT companies as they develop and launch tomorrow’s smart machines.
D&K Engineering will integrate Rigado’s wireless modules, Rigado Wireless IoT Gateways, and over-the-air device management technology into its IoT reference architecture. Going forward, D&K will support Rigado’s current and future customers with product design, engineering, and global manufacturing. FusionX also joins the Rigado board as part of the agreement.
“Rigado’s highly flexible, low-power technology enhances our ability to provide IoT solutions for our clients and makes it easier for our clients to launch and scale product deployments quickly and maintain remote connectivity as their products and businesses evolve,” said Scott Dennis, Chief Executive Officer D&K Engineering.
Founded nearly 20 years ago, D&K Engineering is an international product design and contract manufacturing services company with a successful track record of partnering with hundreds of clients to create more than 500 patents enabling its clients to realize business outcomes of more than $5 billion. The company is headquartered in San Diego with additional sites in Singapore and Malaysia.
D&K is the exclusive design and manufacturing partner for FusionX Ventures an early stage venture fund founded two years ago to provide capital, business strategy, and an experienced advisor network to cloud-enabled Smart Machine companies.
“Rigado has been on our radar for some time because of its explosive growth and impressive client portfolio,” said Ken Hood, FusionX Ventures Managing Partner. “This partnership adds advisory depth to their board and expands their reach on a global scale while giving us access to key technology and a new group of world-class clients – it’s a real win for all of us.”
Rigado, who has developed wireless technology for more than 250 clients worldwide, recently secured seed funding to expand its global presence and continue development of its IoT connectivity product line.
“Like Rigado, the team at D&K Engineering has years of working hand-in-hand with hundreds of IoT product teams, collectively giving us a rather rare understanding of the challenges that IoT product design teams face. As a result, we are excited at the spectrum of products and services this partnership will provide to our new and existing customers,” said Ben Corrado, Chief Executive Office at Rigado. “Demand for our modules, gateways and DeviceOps platform is particularly strong and growing in Europe and Asia, and we’re excited to develop those markets with the combined strength and networks of this partnership behind us.”
About D&K Engineering
D&K Engineering is an international product design and contract manufacturing services company with a proven track record of turning innovative ideas into successful products and lines of business. Our capabilities span the entire product development life cycle, including requirements definition, systems architecture, concept creation, design, prototyping, manufacturing, and after-market support. Our clients leverage our proprietary Total Commercialization Solutions® to evolve hardware, systems and content-based product ideas from initial design to manufacturing and into a sustainable line of business. Our experience-driven engineering, manufacturing and supply chain services get products to market faster with a lower overall cost of development providing our customers with significant competitive advantage. D&K Engineering is headquartered in San Diego, California and is also located in Singapore and Malaysia.
About FusionX Ventures
FusionX Ventures is an early-stage investment fund focused on helping companies build the next generation of cloud-enabled connected machines, including integrated cloud, e-commerce and analytics. We have a unique partnership with D&K Engineering, who specializes in class-leading product realization. FusionX helps companies reduce execution risk by combining thematic capital and advisor network with design, manufacturing, and commercialization management.
Rigado’s award-winning integrated wireless solutions help companies quickly develop and scale their connected products and services. Rigado offers certified wireless modules and configurable gateways that reduce cost and time to market, and its DeviceOps tools enable secure device updating at scale. More than 250 global customers rely on Rigado to power their consumer, commercial and industrial IoT solutions.