What is Electric Imp?
Electric Imp operates as a critical infrastructure provider for the industrial internet of things, offering a comprehensive platform-as-a-service that integrates hardware, operating systems, security protocols, and cloud-based APIs. By simplifying the complexities of device connectivity, the company enables manufacturers to accelerate time-to-market while maintaining rigorous security standards. Its unique value proposition lies in its ability to manage millions of connected devices, facilitating digital transformation for commercial and industrial clients. Headquartered in Los Altos with a significant presence in Cambridge, the firm serves as a bridge between legacy manufacturing processes and modern, data-driven operational requirements.
How much funding has Electric Imp raised?
Electric Imp has raised a total of $43.9M across 3 funding rounds:
Series A
$7.9M
Series B
$15M
Series C
$21M
Series A (2012): $7.9M with participation from Lowercase Capital and Redpoint Ventures
Series B (2014): $15M led by Redpoint Ventures, PTI Ventures, Rampart Capital LLP, and Foxconn Technology Group
Series C (2016): $21M supported by Rampart Capital and Redpoint Ventures
Key Investors in Electric Imp
Redpoint Ventures
Redpoint Ventures was founded in 1999 and is a venture capital firm focused on investments in early growth-stage companies.
Rampart Capital LLP
Rampart Capital LLP is an independent investment office based in London, providing investment management and advisory services to wealthy individuals and their families worldwide.
PTI Ventures
PTI Ventures is a venture capital firm that focuses mostly on early stage technology-based companies in both the U.S. and Asia, with emphasis on markets in the U.S., Taiwan, Japan, and China.
What's next for Electric Imp?
Looking ahead, the strategic deployment of the $21M capital is expected to accelerate the company's product roadmap and deepen its penetration into the industrial IoT ecosystem. As the demand for secure, interoperable device management continues to rise, Electric Imp is well-positioned to leverage its existing partnerships with global manufacturing leaders to capture additional market share. The focus remains on enhancing platform flexibility and expanding the suite of cloud services to support increasingly complex industrial applications, ensuring that the company remains at the forefront of the secure connectivity landscape.
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