Redlen Technologies
AcquiredSaanichton · 190 employees on LinkedIn · 5 known investors
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Redlen Technologies makes multi-energy radiation imaging modules built on its proprietary Cadmium Zinc Telluride (CZT) semiconductor sensors, with a focus on Photon Counting detector solutions for Computed Tomography (PCCT). It supplies detector modules to Fortune 500 customers in the medical, security, and non-destructive testing markets, and operates as a wholly owned subsidiary of Canon Inc.
Also known as Redlen · Redlen Technologies Inc.
Founders & leadership




Board
Investors · 5
Reported raises · per SEC filings
Form D private placements$2.7M disclosed across 1 of 3 rounds · 2013–2014
▶$2.7MraisedFeb 2014 · 1 investors · Other TechnologyRule 506(b)
- Dr. Edmund F. Becker, Jr.Director
- Glenn BindleyExecutive Officer, Director
- Ralph TurfusDirector
- Eric EriksonExecutive Officer
- Jim BalcomExecutive Officer
- Colin C. HarrisDirector
- Offering amount
- $2.7M
- Amount sold
- $2.7M
- First sale
- Jan 2014
- Incorporated
- Corporation, Canada (federal Level)
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Redlen Technologies is a Canadian semiconductor company that designs and manufactures multi-energy radiation imaging modules based on proprietary cadmium zinc telluride (CZT) imaging sensors. The company controls the full production chain, growing, processing and testing CZT crystals and wafers in-house and combining the resulting sensor material with electronics to produce application-specific detector modules. Its primary focus is medical photon counting computed tomography (PCCT) detector solutions; the company describes itself as the only merchant supplier of PCCT detector solutions in clinical use. Additional application areas include nuclear medicine (cardiac SPECT, breast imaging), mammography, security and baggage screening including homeland security portals, and non-destructive testing.
The technology detects individual X-ray photons and their energy, and pairs this with smaller pixel sizes; the company states this yields up to ten times more information in a CT scan at significantly reduced radiation dose. Redlen has described itself as being in transition from prototype production toward mass production, with organizational strategy, structure and systems being rebuilt around volume manufacturing of CZT sensors for photon-counting CT.
Since September 2021 Redlen has operated as a wholly owned subsidiary of Canon Inc. Under Canon ownership, the stated aim is to apply Canon's process engineering, manufacturing automation and volume production capabilities to scale CZT imaging solutions, while Canon supplies CZT detector modules to medical equipment manufacturers worldwide and supports development of PCCT systems at Canon Medical Systems Corporation.
Founding story
Redlen Technologies was founded in 1999 by metallurgist Bob Redden to pioneer a CZT crystal growth method producing higher purity and uniformity of semiconductor wafers than existing approaches, a property particularly valuable for X-ray sensors and which remains the basis of the company's technology. One secondary profile instead dates the company to 2000 and describes it as a spin-off from the University of Victoria, with production at the Saanichton site commencing in 2000.
Business model
Redlen is a component supplier: it manufactures CZT sensors and integrates them into value-added, application-specific detector modules sold to equipment makers, described as Global Fortune 500 customers in the medical, security and non-destructive testing segments. It positions itself as a merchant supplier, selling PCCT detector solutions to imaging OEMs rather than building complete scanners. Following the acquisition, Canon also distributes CZT semiconductor detector modules to medical equipment manufacturers globally.
Revenue derives from the sale of CZT semiconductor sensors and integrated radiation imaging detector modules to original equipment manufacturers of medical imaging, security screening and non-destructive testing systems.
Traction
Third-party reporting describes the Saanichton plant moving from pilot-scale output supporting 5-10 CT scanner systems per year toward capacity for detectors for 500-1,000 CT systems per year, aided by a $40 million Canon-backed plan to double the facility. The company states its PCCT detector solutions are in clinical use and that demand for the technology is high globally, while it transitions from prototype to mass production. It reported active hiring as of 2023.
Latest developments
Post-acquisition leadership includes Rich Mather as President and CEO and Jay Dent as Chief Financial Officer, with a board chaired by Toshio Takiguchi, Executive Vice President and Head of Medical Group at Canon Inc. and Chairman of Canon Medical Systems Corporation. Canon created a Redlen Business Development Division in 2022 under general manager Hideo, and senior technical hires include Hiroaki Nakai, previously a technology executive at Canon Medical Systems, as VP Technology Advancement. Capacity expansion at the Saanichton site and the scale-up of photon-counting CT detector production remain the central operational focus.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
The company describes itself as the leading provider of multi-energy CZT-based radiation imaging modules and the world's only merchant supplier of photon-counting CT detector solutions in clinical use, and as a global leader in semiconductor X-ray detector design and manufacturing. Third-party profiles similarly characterize it as a supplier of CZT detector arrays to major medical imaging OEMs worldwide.
Differentiation rests on vertical integration from proprietary CZT crystal growth through detector fabrication and test, the purity and uniformity of its wafers, and its position as a merchant (non-captive) supplier of photon-counting CT detectors, combined with fine pixel geometry that the company says delivers up to 10x more information per scan at lower dose.
Technology
The core technology is proprietary growth and fabrication of high-purity, high-uniformity cadmium zinc telluride (CZT/CdZnTe) compound semiconductor crystals, substrates and detector arrays. CZT enables room-temperature operation with high energy resolution. Redlen combines this material with sophisticated readout electronics to build multi-energy, photon-counting detector modules capable of registering individual X-ray photons and their energies at fine pixel pitch, supporting higher-resolution, lower-dose imaging. Crystal growth, wafer processing and testing are performed in-house at the Saanichton facility.
Go-to-market
Original equipment manufacturers of computed tomography and nuclear medicine imaging systems, security and baggage screening equipment vendors, and non-destructive testing equipment makers; the company cites Global Fortune 500 customers among its base.
Geography
Headquarters and manufacturing are in Saanichton, British Columbia, Canada, at 7885 West Saanich Rd, where CZT wafers are grown, processed and tested; the site is described as roughly 50,000 sq ft. The company sells to customers globally and, since 2021, sits within the Tokyo-headquartered Canon Inc. group alongside Canon Medical Systems Corporation.", "go_to_market">
History
After its late-1990s founding around CZT crystal growth, Redlen raised venture capital from investors including Pangaea Ventures, In-Q-Tel, BC Advantage Funds, GrowthWorks Capital and Yaletown Venture Partners; In-Q-Tel first backed the company with an undisclosed amount in May 2013, and a C$5.5m Series B round led by Pangaea Ventures followed in March 2014, at which point total disclosed funding was reported as C$13.3m. Company representatives have characterized the roughly two-decade period as a march toward larger-scale manufacturing. Canon Inc. reached an agreement to acquire Redlen on September 7, 2021 and completed the share transfer on September 28, 2021, making Redlen a wholly owned Canon subsidiary. Canon established a dedicated Redlen Business Development Division in 2022.
Risks & controversies
Company statements describe an organizational transition from a venture-stage startup to a mass-production company as its principal challenge, with rapid growth, shifting priorities and periods in which work and objectives are not well defined. Execution depends on scaling CZT crystal production by orders of magnitude relative to prior pilot volumes.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 5
launches, deals, and filingsCanon set up a dedicated Redlen Business Development Division in 2022, led by general manager Hideo.
Canon Inc. reached an agreement on September 7, 2021 to make Redlen Technologies a wholly owned subsidiary and completed the share transfer on September 28, 2021, gaining CZT semiconductor detector module technology for photon counting CT development at Canon Medical Systems. Third-party reports put the deal at about US$270 million (CAD$341 million); another report cited US$335 million.
$270M source ↗
Following the acquisition, Canon backed a $40 million plan to double the roughly 50,000 sq ft Saanichton plant, scaling output from a pilot level serving 5-10 CT scanner systems per year toward detectors for 500-1,000 CT systems per year.
$40M source ↗
Redlen raised C$5.5m (US$3.6m) in Series B funding led by Pangaea Ventures with reinvestment from In-Q-Tel, to expand its product line and volume production capabilities. Total disclosed funding was reported at C$13.3m (US$8.6m).
$3.6M source ↗
Pangaea Ventures general partner Chris Erickson was appointed to Redlen's board of directors alongside the Series B financing.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Redlen Technologiesredlen.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Redlen Technologies do?
- Canon-owned Canadian maker of CZT semiconductor X-ray detector modules for photon-counting CT, security screening and NDT.
- Who founded Redlen Technologies?
- Redlen Technologies was founded by Glenn Bindley.
- Who are Redlen Technologies's investors?
- Redlen Technologies's investors include Pender Growth Fund, WUTIF Capital, Yaletown Partners, In-Q-Tel, Pangaea Ventures.
- How much funding has Redlen Technologies raised?
- Redlen Technologies has disclosed $2.7M raised across 1 of its 3 known rounds.
- Where is Redlen Technologies headquartered?
- Redlen Technologies is headquartered in Saanichton.


