When Peter decided to renovate his old house, he couldn’t believe how much custom cabinets it would take to make it feel like his own. After consultations with multiple dealers and designers, he estimated it would take up to half a year just to get the design work done. But when the final bill arrived, Peter was shocked – the cabinets had cost him almost triple what he expected!
Ronbow is a startup that has developed a proprietary design software that it says can shorten the delivery time and reduce costs for customized cabinets. The four-year-old company recently landed funding to add more showroom locations, which is expected to help it grow even more. Ronbow’s software isn’t just for cabinetmakers; it can also be used to create products like furniture and fixtures.
This infusion of capital will be used to expand the company’s reach in the transportation and mapping sectors, as well as to further develop its artificial intelligence capabilities. These are high-growth areas of the tech business, and Mapsense appears to be well placed to capture market share.
Jason Chen, CEO and founder of Ronbow furniture, has been working in the home luxury industry for over two decades. His company designs and makes its furniture in the United States, which is a much different approach than most other businesses in this space. This decision could be seen as risky, but Jason believes that it will create better products that will ultimately appeal to American consumers.
In 2019, the founder of a company that manufactured custom-made products changed their mind about whether or not to go into the custom-made product market. They believed that there was an opportunity for them because of the increasing supply chain uncertainty brought on by the U.S.-China trade war.
The startup pitches its design platform as a way for customers to bypass the middlemen who have traditionally handled the process of passing on design files to factories. Ronbow’s software helps machines cut cabinet pieces according to customer specifications, resulting in products that are relatively uniform and look more like what was imagined by the designer. This likely reduces chances that a product will feature errors or disparities in quality compared to manufacturing processes traditionally handled by middlemen.
Data-driven manufacturing can help companies save time and money by speeding up the production process and cutting costs. By using information gleaned from a company’s products, engineers can create models that better predict how products will behave in different environments. This way, they can avoid making errors during the manufacturing process and produce goods that are more reliable and consistent.
Ronbow is one of the newest entrants into the home furnishings industry, and it has quickly established itself as a player to watch. The company is projected to bring in more than $10 million this year, with a goal of opening 10 showrooms across California. Most of Ronbow’s existing customer base is made up of middle-class homeowners and professionals in California, but the company plans to expand its operations into other states over time. When it comes to its target market, Ronbow sees value not just in high-end customers, but also those who may be less well off but who still want stylish and comfortable furniture. By 2024, when the company expects to bring in upwards of $50 million annually from sales revenue alone, Ronbow looks like a surefire contender in the home furnishing market.