RedKix

Company Overview

Snapshot

Founded in September 2014 by Oudi Antebi and Roy Antebi, RedKix operated with 1-10 employees. The company secured $17 million in total capital raised across two funding rounds from seven investors. RedKix was acquired by Meta in July 2018.

Business overview

RedKix developed an email platform designed to enhance team collaboration by integrating with existing work email accounts, supporting Microsoft Exchange, Office 365, and Google Apps. The platform aimed to streamline communication by allowing users to see when others are online and replying, similar to instant messaging, and organize conversations into group channels using email distribution lists. RedKix operated within the Business Software sector, focusing on collaboration and productivity tools for enterprises and professionals.

Strategic signal

In July 2018, RedKix was acquired by Meta, with sources estimating the deal at approximately $100 million. This acquisition allowed RedKix's technology and talent to be integrated into Meta's Workplace offering, signaling Meta's strategic intent to bolster its enterprise collaboration capabilities and compete more effectively in the communication software market.

Company Intelligence Q&A

What was the most significant corporate event for RedKix?

RedKix was acquired by Meta in July 2018. This acquisition integrated RedKix's email platform for team collaboration into Meta's Workplace offering.

When did RedKix launch its public beta?

In August 2017, RedKix launched its public beta and a paid premium program for its email-friendly team messaging platform.

Which investors participated in RedKix's seed funding round in July 2016?

In July 2016, RedKix secured seed funding from investors including Salesforce Ventures.

Who founded RedKix and when?

RedKix was founded in September 2014 by Oudi Antebi and Roy Antebi.

What was the estimated acquisition amount when Facebook acquired RedKix?

While the financial details were not officially disclosed, sources estimated Facebook acquired RedKix for approximately $100 million in July 2018.