Capitalizing on the trends, Memfault, a platform that allows IoT device manufacturers to find issues in their edge products over the cloud, has closed a $24 million Series B funding round led by Stripes, with participation from the 5G Open Innovation Lab, Partech and Uncork.
Memfault is the first cloud-based observability platform for connected device debugging, monitoring, and updating, which brings the efficiencies and innovation of software development to hardware processes.
Memfault raises $24M to help companies manage their growing IoT device fleets
Device monitoring and management startup Memfault nabs $8.5M
Memfault, a startup developing software for consumer device firmware delivery, monitoring, and diagnostics, today closed an $8.5 million series A funding round.
IoT observability platform startup Memfault raises $8.5M in early-stage funding
A startup called Memfault Inc. is exiting stealth mode today armed with $8.5 million in early-stage funding for its cloud-based observability platform for “internet of things” devices.