What is Particle?
Founded in 2011 and headquartered in San Francisco, Particle provides a comprehensive platform that enables organizations to prototype, deploy, and manage IoT devices at scale. By offering an integrated suite of hardware and software tools, the company simplifies the complexities of cloud connectivity, allowing businesses to focus on data-driven insights rather than infrastructure maintenance. Particle's technology is utilized by a diverse range of global enterprises, including industry leaders such as Keurig, Grainger, and Briggs Healthcare, to power mission-critical applications across various industrial and commercial sectors.
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
Stock/Share Issuance
$5M
Other Financing Round (2013): $25K with participation from Bogomil Balkansky, HAX, and SOSV
Private Equity (2014): $4.8M, investors not publicly disclosed
Other Financing Round (2014): $4.2M supported by Collaborative Fund, Root Ventures, 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 Qualcomm Ventures and Spark Capital
Series C (2019): $40M led by Root Ventures, Energy Impact Partners, Industry Ventures, Bonfire Ventures, Counterpart Ventures, Spark Capital, Qualcomm Ventures, Green D Ventures, and SOSV
Stock/Share Issuance (2025): $5M, investors not publicly disclosed
Key Investors in Particle
Root Ventures
Root Ventures is a seed stage venture capital firm based in San Francisco, specializing in deep tech investments and supporting bold engineers at the earliest stages of their ventures.
SOSV
SOSV is a multi-stage venture capital investor that provides intellectual and financial capital to accelerate founders big ideas.
Qualcomm Ventures
Qualcomm Ventures is the investment arm of a global technology leader, focusing on advanced semiconductor technologies, wireless communication, and intelligent computing platforms.
What's next for Particle?
Looking ahead, Particle is well-positioned to leverage its recent capital to accelerate product innovation and expand its footprint in the rapidly evolving IoT landscape. As enterprise demand for decentralized and intelligent computing grows, the company's focus on robust, scalable connectivity solutions will likely remain a key competitive advantage. The strategic backing from a diverse group of venture capital and private equity partners provides not only the necessary financial runway but also the operational expertise required to navigate the next phase of growth. Future initiatives are expected to center on enhancing the security and interoperability of its cloud platform, ensuring that Particle remains the preferred partner for companies seeking to modernize their physical assets through advanced digital integration.
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