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§ Private Profile · Nashville, TN, USA
Rain is a technology company.
Rain has raised $1.0B across 16 funding rounds.
Key people at Rain.
Rain has raised $1.0B in total across 16 funding rounds.
Rain provides a comprehensive platform for stablecoin-powered cards and payments infrastructure. This technology enables fintechs, platforms, and financial institutions to manage seamless money-in and money-out operations. Capabilities include fiat-to-stablecoin conversion, secure embedded wallets, and globally accepted card programs, designed for rapid, flexible digital asset transactions.
Founded in 2021 by Farooq Malik and Charles Yoo-Naut, Rain originated from the insight that stablecoins could profoundly transform payment systems. They envisioned a more fluid, efficient financial ecosystem, free from legacy infrastructure limitations. The company was formed to build core infrastructure to integrate stablecoins into everyday financial interactions.
The platform serves diverse clients, from fintech innovators to global institutions, empowering them to deliver modern financial experiences. Rain’s vision is to establish universally accessible infrastructure that seamlessly incorporates digital assets into mainstream commerce, fostering a more interconnected and efficient global financial system.
Key people at Rain.
# Rain Technology: Advanced Directional Display Innovation
Rain Technology is a display technology company that develops and licenses advanced directional and switchable privacy display solutions to tier-one manufacturers across consumer electronics, automotive, retail, and emerging AR/VR markets.[1][4] The company's mission is to "deliver excellence in directional display technologies that optimize revenue potential for consumer electronics manufacturers and supply chain partners, while protecting their customers from fraud and identity theft."[1]
Rain Technology solves a critical problem: enabling secure information display in shared environments. Its switchable privacy technology allows displays to show different content to different viewers based on viewing angle—for example, enabling a driver to see GPS navigation while passengers watch entertainment, or allowing secure PIN entry at point-of-sale terminals while maintaining a professional branded appearance.[3] The company operates a licensing model, partnering with display manufacturers and end-brand companies rather than manufacturing products directly. With less than $5 million in revenue and fewer than 25 employees, Rain Technology remains a specialized innovator focused on IP licensing and technology transfer.[2]
Rain Technology was established in 2017 and spun out of RealD, the pioneering company behind modern 3D cinema technology.[4][5] This heritage in optics and photonics provided the foundational expertise for the company's focus on polarization, light direction, and display innovation. In 2019, Rain Technology acquired Optovate, adding over 10 years of expertise in mini LED backlights and micro LED technology.[4]
The company's leadership reflects deep technical pedigree. Chief Technologist Graham Woodgate previously co-founded optics startups Ocuity Ltd. and Optovate Ltd., and served as Principal Researcher at Sharp Laboratories of Europe, with over 160 granted US patents and experience in display technology since 1988.[4] This combination of RealD's 3D optics legacy and Optovate's LED expertise created a uniquely positioned team to tackle directional display challenges.
Rain Technology operates at the intersection of three significant trends: privacy-by-design in consumer electronics, automotive display innovation, and next-generation AR/VR optics. As data breaches and identity theft remain persistent concerns, directional privacy displays address enterprise IT security needs while enhancing user experience. In automotive, the shift toward connected and autonomous vehicles creates demand for sophisticated display systems that manage information flow between drivers and passengers—a safety-critical application where Rain's technology provides clear differentiation.
The company's AR/VR focus positions it within the broader push toward immersive computing. As AR/VR devices move from niche to mainstream, display brightness, color fidelity, and form factor become competitive battlegrounds. Rain's Anamorphic-XR technology, leveraging its mini and micro LED expertise, addresses these pain points directly.
Rain Technology's partnership-driven licensing model also reflects a broader ecosystem trend: specialized IP holders increasingly create value by embedding innovations into manufacturers' supply chains rather than competing as end-product companies. This approach allows Rain to scale impact without bearing manufacturing costs or inventory risk.
Rain Technology is well-positioned to capture growing demand for privacy-enhanced and specialized display solutions across multiple high-growth markets. The company's 2024 commercial launches of Switchable Privacy, Display Screen Branding, and No-Driver-Distraction represent inflection points—moving from R&D to revenue-generating products.[1] As enterprises prioritize security and automotive manufacturers invest in next-generation displays, Rain's licensing partnerships with major panel manufacturers and end brands should accelerate adoption.
The critical question ahead is whether Rain can convert its extensive IP portfolio and early traction into sustained revenue growth. Success depends on securing design wins with tier-one manufacturers, scaling production partnerships, and establishing Anamorphic-XR as the preferred AR/VR display technology as that market matures. Given the company's deep technical expertise, proven IP value, and strategic positioning in security-conscious and automotive segments, Rain Technology appears poised to become a foundational technology provider in next-generation display ecosystems—even if it remains largely invisible to consumers.
Rain has raised $1.0B across 16 funding rounds. Most recently, it raised $250.0M Series C in January 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 30, 2016 | iAugmentor | $150K Seed | Mahavir Pratap Sharma, Rain | — |
Rain has raised $1.0B in total across 16 funding rounds.
Rain's investors include Kamran Zaki, Bessemer Venture Partners, Dragonfly, Endeavor Catalyst, FirstMark Capital, Galaxy Ventures, Lightspeed Venture Partners, Norwest Venture Partners, Sapphire Ventures, Acequia Capital, A'Z Angels, Cadenza Capital Management.
