2024 Revenue
$26.7M
Customers
150
Funding
$0
YOY
47.9%
Avg ACV
$178K
Team
198
Founded
2004
How Rigel Networks CEO Bhairav Patel grew to $26.7M revenue and 150 customers in 2024.
The company primarily operates in the Application Software industry. Rigel Networks is headquartered in Newport Beach, CA.
Last updated
Rigel Networks Revenue
In 2024, Rigel Networks's revenue reached $26.7M. The company previously reported $30.8M in 2024. Since its launch in 2004, Rigel Networks has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Rigel Networks Hit $26.7m revenue in November 2024Source | |
| 2024 | Rigel Networks Hit $30.8m revenue in October 2024 | |
| 2023 | Rigel Networks Hit $20.8m revenue in December 2023 | |
| 2021 | Rigel Networks Hit $15.2m revenue in April 2021 | |
| 2004 | Launched with $0 revenue |
Rigel Networks Valuation, Funding Rounds
Rigel Networks is a bootstrapped SaaS startup. Founded in 2004, Rigel Networks has grown to $26.7M in revenue without raising any venture capital or outside funding.
As a self-funded SaaS company, Rigel Networks has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Rigel Networks serves 150 customers.
Rigel Networks Employees & Team Size
Rigel Networks employs approximately 198 people as of 2026, down from 220 in 2023, including 6 sales reps that carry a quota. It serves 150 customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 198 employees (December 2024) |
| 2024 | Reached 220 employees (October 2024) |
| 2023 | Reached 220 employees (December 2023) |
| 2022 | Reached 195 employees (December 2022) |
| 2021 | Reached 193 employees (December 2021) |
| 2021 | Reached 181 employees (April 2021) |
Frequently Asked Questions about Rigel Networks
What is Rigel Networks's revenue?
Rigel Networks generates $26.7M in revenue.
Who founded Rigel Networks?
Rigel Networks was founded by Bhairav Patel.
Who is the CEO of Rigel Networks?
The CEO of Rigel Networks is Bhairav Patel.
How much funding does Rigel Networks have?
Rigel Networks raised $0.
How many employees does Rigel Networks have?
Rigel Networks has 198 employees.
Where is Rigel Networks headquarters?
Rigel Networks is headquartered in Vadodara, Gujarat, India.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
Accent Technologies
Developer of a sales enablement software designed to increase sales productivity. The company's software facilitates automatic CRM data logging, presentation management, sales content management, advanced data visualization and other applications which leads to faster response and more selling time, enabling organizations to enhance the key revenue-generating activities that have the biggest impact on sales success.
Ardas Group
Developer of a SaaS analytics platform designed to offer comprehensive range of IT services and software development programs. The company's services include SaaS development, startup development, business analysis, custom development, quality assurance and hardware development enabling the firms need for programming resources and yield higher profit margins.
Diamanti
Developer of enterprise platform designed to solve network and storage challenges. The company's platform gives infrastructure architects, IT operations and application owners the speed, simplicity, efficiency and control they need to run stateful containerized applications in production, enabling developers to specify their network and storage resources and service levels
Firstbase
Firstbase is a remote work platform that enables companies to track and manage physical equipment assets.
Benivo
Provider of a welcome experience platform intended to offer relocation assistance on a budget by reducing costs. The company's platform offers affordable products and services and helps corporates to provide relocation support for their junior employees, at a rate cheaper than the current market average, enabling companies to make every new hire feel welcome in their new job and their new city.
RapidDeploy
Developer of Cloud-based Computer Aided Dispatch (CAD) and Analytics platform intended to provide public safety. The company's platform simplifies the complexity of emergency dispatch through precise location information, improved situational awareness, allocation of appropriate resources for optimized response, mobile field service apps and advanced incident management tools, enabling users to reduce response times for all and improve first responder safety by increasing situational awareness.
