Foundries.Io Raises $8M Series A Funding To (Actually) Secure The Internet Of Things

Jun 17, 2021•about 4 years ago

Amount Raised

$8 Million

Round Type

series a

Cambridge

Description

Foundries.io, leader in cloud development and deployment solutions for secure IoT and Edge devices, today announced it has raised $8M in Series A funding, led by IQ Capital, with participation from Crane Venture Partners and Backed VC. Foundries.io delivers FoundriesFactory, the world’s first cloud-native solution for embedded technologies that reinvents IoT, and counts tier one OEMs, silicon industry leaders and SoC companies among its customers and partners, including ARM, NXP Semiconductors, MontaVista, STMicroelectronics and WINSYSTEMS.

Company Information

Company

Foundries.Io

Location

Cambridge, Maryland, United States

About

Foundries.io helps organizations bring IoT and Edge devices to market faster. The FoundriesFactory software platform reinvents IoT by offering a secure, customizable, Linux-based platform with fleet management services, for the world's connected devices - using a fixed no royalty subscription model. Now, product teams gain enhanced data security while reducing the cost of developing, testing and deploying devices across their installed lifetime. Our open-source platform interfaces to any cloud and offers maximum flexibility for hardware configuration so organizations can focus on what matters: IP, applications and value add. For more information, visit https://foundries.io/