What is Particle?
Headquartered in San Francisco, Particle provides a comprehensive platform designed to facilitate the prototyping, implementation, and scaling of IoT ecosystems. By offering a unified stack that encompasses hardware, connectivity, and cloud software, the company enables businesses to deploy connected devices with greater efficiency. Its market position is solidified by a diverse global client base, including industry leaders such as Keurig, Grainger, and Briggs Healthcare, who rely on Particle to manage complex device fleets and derive actionable data insights. The company's ability to simplify the inherent complexities of IoT deployment has made it a critical partner for enterprises undergoing digital transformation.
How much funding has Particle raised?
Particle has raised a total of $89.2M across 8 funding rounds:
Other Financing Round
$25K
Private Equity
$4.8M
Other Financing Round
$4.2M
Private Equity
$4.9M
Series A
$10.4M
Series B
$20M
Series C
$40M
Private Equity
$5M
Other Financing Round (2013): $25K with participation from SOSV, Bogomil Balkansky, and HAX
Private Equity (2014): $4.8M, investors not publicly disclosed
Other Financing Round (2014): $4.2M supported by SOSV, Root Ventures, and Collaborative Fund
Private Equity (2016): $4.9M, investors not publicly disclosed
Series A (2016): $10.4M backed by Root Ventures, O'Reilly Alpha Tech Ventures, and Rincon Venture Partners
Series B (2017): $20M with participation from Spark Capital and Qualcomm Ventures
Series C (2019): $40M led by Counterpart Ventures, Root Ventures, Energy Impact Partners, Industry Ventures, Bonfire Ventures, Green D Ventures, Spark Capital, SOSV, and Qualcomm Ventures
Private Equity (2025): $5M, investors not publicly disclosed
Key Investors in Particle
SOSV
SOSV is a multi-stage venture capital investor that provides intellectual and financial capital to accelerate founders big ideas.
Root Ventures
Root Ventures is a seed stage venture capital firm based in San Francisco, specializing in deep tech investments and supporting bold engineers.
Collaborative Fund
Collaborative Fund is a leading source of capital and strategic support for entrepreneurs pushing the world forward, with over $500 million in assets under management.
What's next for Particle?
With the successful completion of this major strategic investment, Particle is well-positioned to accelerate its product roadmap and expand its footprint in the industrial and enterprise IoT segments. The company's history of securing backing from top-tier venture firms suggests a strategic focus on deepening its technological moat and enhancing its cloud infrastructure capabilities. As the demand for intelligent, connected hardware continues to rise across global supply chains and healthcare sectors, Particle is expected to leverage this capital to scale its operations, refine its developer-centric tools, and maintain its competitive edge in an increasingly crowded market for enterprise-grade connectivity solutions.
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