What is Foundries.io?
Foundries.io is revolutionizing the Internet of Things (IoT) and Edge device market with its FoundriesFactory software platform. This secure, Linux-based platform offers comprehensive fleet management services, enabling organizations to accelerate the development, testing, and deployment of connected devices. By enhancing data security and reducing lifecycle costs, Foundries.io empowers product teams to concentrate on intellectual property, applications, and value-added features, interfacing with any cloud and offering maximum hardware flexibility.
How much funding has Foundries.io raised?
Foundries.io has raised a total of $11.5M across 2 funding rounds:
Other Financing Round
$3.5M
Series A
$8M
Other Financing Round (2019): $3.5M, investors not publicly disclosed
Series A (2021): $8M led by Crane Venture Partners, IQ Capital, and Backed
Key Investors in Foundries.io
Crane Venture Partners
Crane Venture Partners is a London-based venture capital firm specializing in enterprise software, SaaS, machine learning, and AI, focusing on early-stage investments.
IQ Capital
IQ Capital is a Cambridge and London-based venture capital firm that invests in 'deep-tech' across AI, machine learning, and advanced engineering, typically at the seed and Series A stages.
Backed
Backed is a human-centric seed fund that supports founders in frontier technology, leading early investments with an average ticket size of $500K to $5M.
What's next for Foundries.io?
The recent major strategic investment positions Foundries.io for accelerated growth and market expansion. This capital infusion is expected to fuel further development of its secure, customizable Linux platform for IoT and Edge devices, enhancing its fleet management capabilities. The company's focus on open-source principles and cloud-agnostic architecture suggests a strategy to capture a significant share of the rapidly expanding connected device ecosystem, likely targeting enterprise-level adoption and partnerships to solidify its market leadership.
See full Foundries.io company page
