Fundz

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

PRIVATEJun 17, 2021

Amount Raised

$8 Million

Round Type

Series A

NurembergSoftwareArtificial Intelligence

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.

Quick answer

Foundries.io raised $8 Million in a Series A round, dated June 17, 2021. Foundries.io is based in Nuremberg, Bavaria, Germany.

How much did Foundries.io raise?
Foundries.io raised $8 Million in a Series A round on June 17, 2021.
What does Foundries.io do?
Foundries.io is an independent subsidiary of Qualcomm Innovation Center, Inc. that specializes in providing open-source software development and deployment solutions for the embedded computing industry.
Where is Foundries.io based and how big is it?
Foundries.io is based in Nuremberg, Bavaria, Germany.

Source: Fundz verified event record.

Who else raised in Software and Artificial Intelligence around the same time

Companies in the same sectors as Foundries.io that raised within 45 days of this round, from Fundz verified event records.

  • Sedna raised $34M (Series B) on July 27, 2021.
  • OMNIQ raised $15M on July 22, 2021.
  • MobileX raised $1M (Seed) on July 21, 2021.
  • Quantexa raised $153M (Funding Round) on July 13, 2021.
  • Loop Data raised $150K (Pre-Seed) on July 12, 2021.
  • Anjuna raised $30M on July 8, 2021.

Who to call at Foundries.io, and when

A new round usually means Foundries.io is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Foundries.io raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Foundries.io, from your own LinkedIn network

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Company Information

Company

Foundries.io

Location

Nuremberg, Bavaria, Germany

About

Foundries.io is an independent subsidiary of Qualcomm Innovation Center, Inc. that specializes in providing open-source software development and deployment solutions for the embedded computing industry. The company helps its customers successfully commercialize products that incorporate a Linux distribution. Their flagship service, FoundriesFactory™, aids in the development and maintenance of edge AI and Linux-based products.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Foundries.io raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.