What is Foundries.io?
Foundries.io is at the forefront of accelerating the development and deployment of IoT and Edge devices. Their proprietary FoundriesFactory software platform offers a secure, customizable, Linux-based solution coupled with comprehensive fleet management services. This innovative approach allows organizations to enhance data security and reduce the total cost of ownership for their connected devices throughout their lifecycle. By providing an open-source platform that interfaces with any cloud and offers maximum hardware configuration flexibility, Foundries.io empowers product teams to concentrate on their core intellectual property, applications, and value-added services.
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 Backed, IQ Capital, and Crane Venture Partners
Key Investors in Foundries.io
Backed
BACKED is a human-centric seed fund focused on supporting brave founders who are building generation-defining companies in frontier technology. They lead and invest early, with an average ticket size ranging from $500K to $5M, aiming to do European venture differently.
IQ Capital
IQ Capital is a venture capital firm, based in Cambridge and London. With £300m assets under management, it invests in 'deep-tech' across sectors including machine learning, AI, robotics, and advanced engineering and materials, and data-focused propositions based on disruptive algorithms.
Crane Venture Partners
VC Crane Venture Partners is a venture capital & private equity company. Its specialties are enterprise software, SaaS, machine learning, AI, and M&A. The company was founded in 2015 and is headquartered in London, United Kingdom.
What's next for Foundries.io?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for Foundries.io. This capital infusion is expected to fuel further platform development, expand market reach, and enhance its secure IoT and Edge device management capabilities. The company is well-positioned to capitalize on the increasing demand for robust, secure, and flexible solutions in the rapidly expanding connected device ecosystem. Future strategic initiatives will likely focus on solidifying its market leadership and forging deeper partnerships within the industry.
See full Foundries.io company page
