Particle

About

Particle provides hardware and software tools to help users prototype, scale, and manage IoT products.

San Francisco,California,United States
101 - 250
https://www.particle.io/

Highlights

Details

Last Funding Type: Series C
Industries: Consumer Electronics,Hardware,Information Services,Infrastructure,Internet of Things,Software
Founded date: Nov 1, 2012
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: Particle Industries, Inc.
Also Known As: Spark IO,Hex Good,,Hex Labs,Spark Labs

Particle provides hardware and software tools to help users prototype, scale, and manage IoT products. Particle is an IoT device platform that enables businesses to easily add the power of connectivity to any product. From hardware to connectivity to device management and cloud, Particle provides developers with tools to prototype IoT solutions quickly as well as a reliable and secure platform for enterprises to scale.

Over 150,000 product builders in more than 170 countries and half of the Fortune 500 have deployed connected IoT devices powered by Particle. Listed as one of Fast Company’s Most Innovative Companies of 2015 and named as a major player to watch in the IoT Landscape in IDC Marketscape’s 2018 Vendor Assessment, Particle’s customers include NASA, SpaceX, consumer hot tub manufacturer Jacuzzi, and coffee-brewing pioneer Keurig. Venture backed by Root Ventures, Spark Capital, and Qualcomm Ventures. Particle is based in San Francisco, CA and Shenzhen, China.

Particle was founded on 2012.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

13

$105.77M

Particle has raised a total of $105.77M in funding over 2 rounds. Their latest funding was raised on Dec 9, 2022 from a Series C round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 9, 2022	Series C	—	2	—	—	Detail
Nov 19, 2021	Series Unknown	$30M	—	—	—	Detail
Nov 15, 2021	Series C	—	1	—	—	Detail
Oct 30, 2019	Series C	$40M	10	Energy Impact Partners Qualcomm Ventures	—	Detail
Jul 10, 2019	Series C	—	1	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

3

0

Particle has made 3 investments. Their most recent investment was on Apr 21, 2022, when Kangaroo raised $3.30M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Apr 21, 2022 Kangaroo	Seed	$3.30M	Blockchain	—
Aug 25, 2021 Coco	Series A	$36M	E-Commerce	—
May 11, 2020 Lolli	Seed	$3M	Apps	—

Investors

Number of Lead Investors

Number of Investors

8

21

Particle is funded by 21 investors. Energy Impact Partners and Qualcomm Ventures are the most recent investors.

Investor Name	Lead Investor	Funding Round
Energy Impact Partners	Yes	Series C
Qualcomm Ventures	Yes	Series C
Oreilly AlphaTech Ventures	Yes	Series A
HAX	—	Series C
SOSV	—	Series C
Alumni Ventures	—	Series C
Bonfire Ventures	—	Series C
Counterpart Ventures	—	Series C
Green D Ventures	—	Series C
Industry Ventures	—	Series C