What is Electric Imp?
Founded in 2011 and headquartered in Los Altos, California, with a significant presence in Cambridge, England, Electric Imp provides a comprehensive platform-as-a-service designed to bridge the gap between physical manufacturing and digital intelligence. The company's unique value proposition lies in its fully integrated ecosystem, which encompasses hardware, operating systems, security protocols, and cloud-based APIs. By streamlining the deployment of IoT devices, Electric Imp enables manufacturers to reduce time-to-market while simultaneously enhancing the security and flexibility of their connected product lines. This end-to-end approach has positioned the company as a critical partner for enterprises seeking to modernize their operations through robust, secure, and scalable IoT connectivity.
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 Redpoint Ventures and Lowercase Capital
Series B (2014): $15M led by PTI Ventures, Redpoint 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 is a venture capital firm founded in 1999 that specializes in providing early growth-stage capital to technology companies.
Rampart Capital LLP
Rampart Capital LLP is an independent investment office based in London that provides absolute return investment strategies and advisory services to global clients.
PTI Ventures
PTI Ventures is a venture capital firm focusing on early-stage technology companies across the U.S. and Asia, with deep expertise in semiconductors and network communications.
What's next for Electric Imp?
With the capital secured through its latest financing, Electric Imp is well-positioned to deepen its penetration into the industrial and commercial IoT markets. The strategic focus moving forward involves scaling its platform to support an increasing volume of global device deployments while maintaining the rigorous security standards that define its market reputation. As the demand for intelligent, connected manufacturing continues to rise, the company is expected to leverage its existing partnerships and technological infrastructure to drive further innovation in device management and data-driven industrial applications. The firm remains focused on empowering manufacturers to transition from traditional hardware production to service-oriented, connected business models.
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