Runtime Raises $7.5m in Funding

Runtime, a Redwood City, California–based startup leveraging open source for connected devices, raised $7.5m in funding.

Backers included New Enterprise Associates (NEA), Foundation Capital, and DHVC.

The company will use the funds to continue to expand operations and increase its reach.

Co-founded by CEO James Pace and CTO Sterling Hughes, Runtime provides cloud-based management of connected devices and is a complete solutions provider for consumer, medical, commercial, and industrial IoT applications.
It supports Apache Mynewt, a modular real-time operating system for MCU-class connected devices that operate for long times under power, memory, and storage constraints.
Companies around the world are already deploying Runtime for Internet of Things (IoT) and Industrial Internet of Things (IIoT) implementations including smart cities, agriculture, fleet management, smart security, and more.



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