Particle has secured USD 20 Million in Series B funding to bring its world-class IoT solutions to Enterprise companies, the company said.
The round was led by Spark Capital, with participation from Qualcomm Ventures and Particle´s previous investors.
Founded in 2012 by Zach Supalla, CEO and Zachary Crockett, CTO, Particle has become the most widely-used IoT platform, with more than 100,000 people and companies developing IoT products. As the market has matured, Particle´s focus has shifted to Enterprise IoT, delivering significant value through connectivity.
Particle cellular connectivity has been deployed in a wide variety of industrial and municipal IoT applications, such as in gas stations, on oil rigs, in stormwater drains, and in manufacturing equipment. 50% of S&P 500 companies are using Particle to develop IoT solutions, including 90% of S&P IT companies and 59% of S&P Industrials.
Spark Capital is a venture capital firm that invests in startups led by creative thinkers.
Particle is a scalable, reliable and secure Internet of Things device platform that enables businesses to quickly and easily build, connect and manage their connected solutions.