“We expect that our team will help RYSE own this space and become synonymous with smart shades in the same way Nest is to thermostats and Ring is to doorbells.” – Trung Pham, Founder and CEO of RYSE
TORONTO (PRWEB)
August 03, 2022
RYSE, the technology company that creates smart home devices to automate window blinds and shades, is pleased to announce the launch of its Regulation A+ Community Investment Round. RYSE transforms any shades with beaded chains into convenient motorized SmartShades in under 10 minutes. Investment opportunities are open to both retail and accredited investors.
RYSE has a competitive advantage in a smart shade market that is expected to grow 55 percent annually and reach $1.47 billion by 2024. As the inventors of retrofit shade automation devices, RYSE holds five patents (plus more pending) and has been awarded an Amazon court judgment that prevents the sale of knockoffs. As a result, RYSE has already accumulated more than $5 million in revenue and early RYSE investors have seen their shares grow 10 times.
“We are thrilled about the future of RYSE and the potential for growth within this high-demand market,” said Trung Pham, Founder and CEO of RYSE. “We expect that our team will help RYSE own this space and become synonymous with smart shades in the same way Nest is to thermostats and Ring is to doorbells.”
RYSE’s potential for environmental impact has also led to early commercial success. RYSE was awarded a CAD $4 million cleantech grant to expand to commercial buildings, as the technology can reduce cooling and lighting costs up to 24 percent and 74 percent respectively. RYSE’s commercial partners include the $45 billion real estate developer QuadReal and Annex Hotel. The company has also signed agreements with Bed Bath & Beyond, and has sales to luxury real estate developers like Presidio Bay.
RYSE is poised for future growth with new expected product launches starting in Q4 of this year. For more information about investing in RYSE, please visit https://invest.helloryse.com/.
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RYSE
Founded in 2019, RYSE is a technology company that creates affordable smart home devices to automate window coverings. RYSE invented the first retrofit solution that allows users to motorize their existing window shades and blinds in under 10 minutes. For more information on RYSE and its latest smart shade innovations, visit https://www.helloryse.com/.
Vincci Chan
Head of Operations & Marketing
[email protected]
This content was originally published here.
