Memfault secures $24M to enhance its IoT reliability platform
Memfault, an IoT reliability platform provider, has secured $24 million in funding to accelerate its product development and expand the engineering team. The funding round was led by Stripes and included participation from existing investors, including Partech Partners, Uncork Capital and the 5G Open Innovation Lab.
Memfault offers a platform for developing reliable IoT devices, which gives developers and embedded engineers the required reliability engineering tools. The developers can efficiently design IoT and edge devices with smart automation and data analysis features. Additionally, the platform allows engineers to use built-in performance monitoring, device debugging and over-the-air update capabilities.
“Our commitment has always been to give embedded engineers a set of tools that lets them focus on building incredible products,” said François Baldassari, the CEO of Memfault. “With this investment, we can continue to innovate on our platform and scale the business to meet the needs of customers, whether they build a niche industry device or a wearable used by millions.”
Recommended reading: Infineon, Memfault join forces to enhance edge application development
Several leading technology companies have been using the Memfault IoT reliability platform to expand their markets and remain competitive. The platform allows them to design devices for wide-scale deployment at edge locations. Users can run the Memfault IoT reliability platform on any device, from powerful system-on-chips to microcontrollers with limited resources.
The platform supports various operating systems, such as Linux, Android, RTOS and bare metal. Regarding wireless connectivity, developers can choose Bluetooth, cellular, Wi-Fi, LoRa, Thread and Zigbee.
The platform includes a remote debugging feature, which allows customers to address device issues and enhance performance. The platform can detect errors via automatic data extraction and aggregation and deliver real-time alerts. It also resolves problems by deduplicating and grouping data and providing a snapshot of all hard data. Additionally, it has an over-the-air update capability that lets customers send software updates to the device.
“For decades, device developers have been plagued by time-consuming and costly development processes because there was no alternative, said Saagar Kulkarni, a partner at Stripes. “Memfault’s goal to revolutionize IoT device development by solving these challenges at scale is ambitious and will transform industries by accelerating the transition to the IoT.”
Kulkarni will also join the board of directors at Memfault.
Cloudian secures $60M to accelerate data management for hybrid cloud
Article Topics
5G | fault tolerance | hardware design | IoT | LoRaWAN | Memfault | venture capital | WiFi
Comments