The round, which brought total venture capital funding to $81.3m to date, was led by Qualcomm Ventures LLC and Energy Impact Partners, with participation from existing investors Root Ventures, Bonfire Ventures, Industry Ventures, Spark Capital, Green D Ventures, Counterpart Ventures, and SOSV.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Zach Supalla, CEO, Particle offers an end-to-end IoT platform that provides software, hardware, and connectivity as an integrated solution that ensures their customers’ IoT products are reliable, scalable, and secure. This allows a wide variety of companies ranging from traditional manufacturers to fast-growing start-ups to bring an IoT product to market quickly without building their own software infrastructure.
Particle works with leading companies across a variety of industries, including customers like Jacuzzi, Continental Tires, Watsco, Shifted Energy, Anderson EV, and Opti.
The company, which has offices in San Francisco, Shenzhen, Las Vegas, Minneapolis, and Boston, boasts a developer community with nearly 200,000 developers and engineers in more than 170 countries building with its platform.
FinSMEs
31/10/2019