Thursday, November 17, 2016

Particle Raises $10.4M Series A Round

from Particle Raises $10.4M Series A Round
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IoT startup Particle secures $10.4 million In funding. The round was led by Root Ventures, O’Reilly Alpha Tech Ventures (OATV), and Rincon Venture Partners.

Their portfolio includes a cellular platform and cellular hardware development kits including the Electron and Photon. Particle’s tools are now used by 70,000 engineers in more than 170 countries and are being used by many Fortune 500 companies to develop and manage fleets of new IoT products.

To date, Particle has raised $14.6 million in funding from its investors, including a previous Series A round of $4.2 million from Lion Wells Capital, O’Reilly AlphaTech Ventures, SOSventures, Collaborative Fund and angel investors.

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