When was Red Bend founded?

Red Bend was founded in 1999 and raised its 1st funding round 1 year after it was founded.

Where is Red Bend located?

Red Bend is headquartered in Hod Hasharon, Israel.

How many employees does Red Bend have?

As of Aug 31, 2026, the latest employee count at Red Bend is 53.

Is Red Bend a funded company?

Red Bend is a funded company, having raised a total of $33.5M across 5 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Oct 29, 2000.

When was the latest funding round of Red Bend?

Red Bend's latest funding was a $***** Series E round on Apr 22, 2008, with participation from 6 investors.

Where does Red Bend rank among its competitors?

Red Bend ranks 5th amongst 27 active competitors, of which 6 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Sibros, which secured $9M in Jan, 2026.

Who are the top competitors of Red Bend?

Red Bend's top competitors include Sibros, Aurora Labs and Banma Network Technology. Among them, Sibros secured the most recent funding round in January, 2026.

Red Bend - 2026 Company Profile, Team, Funding & Competitors

Company Details

Red Bend is a provider of device management software and services. Its software serves the purpose of updating, device virtualization, and other technologies. It provides software related to car management, ECU consolidation and map update solution related to the automotive industry. It provides a common platform for automotive, home, M2M and other connected devices software management. It offers complete connected car software management with software updates OTA. It also provides cyber security solutions including virtualization. Acquired by Harman in 2015.

Website: redbend.com
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Key Metrics

Founded Year

1999

Location

Hod Hasharon, Israel

Stage

Acquired

Total Funding

$33.5M in 5 rounds

Latest Funding Round

Series E, Apr 22, 2008, $*****

Investors

Viola Ventures & 8 more

Ranked

5^th among 27 active competitors

Employee Count

53 as on Aug 31, 2026

Investment & Acquisitions

VirtualLogix

Similar Companies

Sibros & 13 more

Exit Details

Acquired by Harman International (Jan 22, 2015)

View Red Bend's full profile

Red Bend got acquired by Harman International on Jan 22, 2015 at an acquisition amount of $*****.

Click here to take a look at Red Bend's acquisition in detail

Red Bend has raised a total funding of $33.5M over 5 rounds. Its first funding round was on Oct 29, 2000. Its latest funding round was a Series E round on Apr 22, 2008 for $*****. 6 investors participated in its latest round. Red Bend has 9 institutional investors.

Here is the list of recent funding rounds of Red Bend:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 22, 2008	3040772	Series E	7569592	4775015	7726972	8572895
Feb 02, 2005	2310057	Series D	3740472	1248117	8862492	Greylock Partners & 4 more
Mar 23, 2004	4533540	Series C	6413788	1057017	1326925	Pitango & 3 more

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View details of Red Bend's funding rounds and investors

The founders of Red Bend is Sharon Peleg.

Here are the details of Red Bend's key team members:

Sharon Peleg: Founder & CTO of Red Bend.

View details of Red Bend's Founder profiles and Board Members

Red Bend's employee count trend

Red Bend has 53 employees as of Aug 26. Here is Red Bend's employee count trend over the years:

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Top competitors of Red Bend include Sibros, Aurora Labs and Banma Network Technology. Here is the list of Top 10 competitors of Red Bend, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sibros 2018, San Jose (United States), Series B	Developer of end-to-end connected vehicle ecosystem	$94.5M	Nexus Venture Partners, Global Brain & 11 others	63/100
2nd	Aurora Labs 2016, Tel Aviv (Israel), Series C	AI-enabled remote software for connected vehicles	$97.1M	Underwriters Laboratories, Porsche Se & 30 others	60/100
3rd	Banma Network Technology 2015, Shanghai (China), Series B	Connected car platform	$698M	SDIC Innovation, SAIC Motor & 3 others	56/100
4th	Airlinq 2010, San Ramon (United States), Series B	IoT and SaaS-based provider of application development solutions for connected ecosystems	$23.2M	Verizon, DCM Ventures & 6 others	55/100
5th	Red Bend 1999, Hod Hasharon (Israel), Acquired	Device management software & services	$33.5M	Viola Ventures, Greylock Partners & 7 others	47/100
6th	Warrous 2017, India, Unfunded	Big data analytics platform	-	-	45/100
7th	Movimento 2003, Gothenburg (Sweden), Acquired	Vehicle network tools providing OTA software updates for connected cars	$9.6M	Industrifonden, Eqvitec Partners & 1 others	43/100
8th	Location World 2008, Quito (Ecuador), Funding Raised	Connected car solutions in Latin America	-	-	40/100
9th	Airbiquity 1997, Seattle (United States), Acqui-Hired	Provider of a cloud platform for connected car services	$54.4M	Toyota Motor, DENSO & 4 others	37/100
10th	eSync 2017, United States, Unfunded	Provider of standardized data pipeline for automotive over-the-air (OTA) updates	-	-	35/100