What is Particle?
Founded in 2011 and based in San Francisco, California, Particle provides comprehensive solutions for the Internet of Things (IoT) ecosystem. Their offerings encompass both the hardware and software necessary for businesses to effectively prototype, implement, and scale their IoT initiatives. Particle's platform is trusted by a global clientele, including prominent companies such as Keurig, Grainger, and Briggs Healthcare, highlighting its capability to support demanding enterprise applications. The company's focus on end-to-end IoT connectivity positions it as a key player in enabling businesses to leverage the power of connected devices.
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 HAX, Bogomil Balkansky, and SOSV
Private Equity (2014): $4.8M, investors not publicly disclosed
Other Financing Round (2014): $4.2M supported by Root Ventures, Collaborative Fund, and SOSV
Private Equity (2016): $4.9M, investors not publicly disclosed
Series A (2016): $10.4M backed by O'Reilly Alpha Tech Ventures, Root 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, Green D Ventures, Qualcomm Ventures, Industry Ventures, Bonfire Ventures, Spark Capital, and SOSV
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. They focus on supporting founders at the earliest stages of their ventures, particularly bold engineers.
Energy Impact Partners
Energy Impact Partners (EIP) is an investment firm dedicated to transforming the energy industry towards a decarbonized, decentralized, digitized, and electrified future. The firm collaborates with leading innovators and major energy companies to foster a cleaner and more resilient energy landscape.
What's next for Particle?
With the recent major strategic investment, Particle is poised for accelerated growth and innovation. The substantial capital infusion, part of its overall $89.2M in financing, suggests a strong market validation and confidence from investors in Particle's vision and execution. This funding will likely be directed towards enhancing its product suite, expanding its engineering talent, and broadening its market reach. As an established provider in the IoT space, Particle's strategic backing indicates a move towards solidifying its leadership position and potentially exploring new avenues for device connectivity and data management solutions, further enabling enterprise digital transformation.
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