What is Particle?
Founded in 2011 and based in San Francisco, California, Particle develops comprehensive hardware and software solutions designed to prototype, implement, and scale enterprise IoT businesses. Their platforms facilitate seamless connectivity between IoT devices and the cloud, serving a global customer base that includes prominent companies such as Keurig, Grainger, and Briggs Healthcare. Particle's integrated approach to IoT, encompassing both the physical hardware and the cloud infrastructure, positions it as a key enabler for businesses looking to leverage connected device technology.
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 SOSV, Root Ventures, and Collaborative Fund
Private Equity (2016): $4.9M, investors not publicly disclosed
Series A (2016): $10.4M backed by O'Reilly Alpha Tech Ventures, Rincon Venture Partners, and Root Ventures
Series B (2017): $20M with participation from Spark Capital and Qualcomm Ventures
Series C (2019): $40M led by Industry Ventures, Bonfire Ventures, Spark Capital, Qualcomm Ventures, Counterpart Ventures, Root Ventures, Energy Impact Partners, Green D Ventures, and SOSV
Private Equity (2025): $5M, investors not publicly disclosed
Key Investors in Particle
Spark Capital
Spark Capital, founded in 2001 and headquartered in Chennai, India, is a full-service investment banking company.
Qualcomm Ventures
Qualcomm Ventures is the investment arm of Qualcomm Incorporated, a global leader in wireless technology, focusing on companies that advance mobile and connected ecosystems.
SOSV
SOSV is a multi-stage venture capital investor that provides intellectual and financial capital to accelerate founders big ideas.
What's next for Particle?
The recent major strategic investment signals a new phase of growth for Particle, likely focused on expanding its market reach, enhancing its technological capabilities, and potentially exploring new industry verticals. With a history of securing substantial capital, Particle is well-positioned to continue its trajectory of innovation in the rapidly evolving IoT landscape. Future developments may include advancements in device management, data analytics, and the integration of artificial intelligence to further empower enterprise IoT solutions.
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