Rainbow R Technologies Brings in $1M in Seed Funding
Rainbow R Technology, a Portland-based startup, has raised $1 million in a seed funding round. This funding will be used to accelerate the development of their flagship product: Rainbow R Adventures. Companies are also now able to join the waitlist to experience the AI-powered indoor playground software.
The playground uses AI technology to perform communications and security which then helps monitor customer traffic, identify peak hours, and understand customer behavior. By analyzing this data, AI can provide recommendations to improve customer experience and help increase revenue.
Continued development will see improvements to the AI security and hardware features. They also intend to build an additional layer of safety and security for indoor playground owners and entrepreneurs. The launch of the technology will take place in the fall of 2023.
The women-owned startup ran a successful funding round with the help of family, friends, and local women investors.
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