Memfault Raises $8.5M in Series A Funding

Memfault

Memfault, a San Francisco, CA-based provider a cloud-native platform for connected device monitoring, updating, and debugging, raised $8.5m in Series A funding.

The round was led by Partech with participation from existing investor Uncork Capital.

The company intends to use the funds to scale its engineering team and make investments across product development and marketing.

Launched in 2018 with a founding team of embedded engineers from Pebble, Fitbit, and Oculus and led by Fran├žois Baldassari, CEO, Memfault provides a cloud-based firmware observability platform that wants to reduce engineering and support overhead by enabling teams to deploy OTA firmware updates, automatically capture and remotely debug issues, and continuously monitor fleets of connected devices at scale. Its SDK can be deployed on any connected device to capture data and send it to the cloud for analysis.

Memfault’s backend identifies, classifies, and deduplicates error reports, so engineers know what issues are most prevalent, and where the issue occurs without requiring any action from end-users.

The company will soon be releasing a self-service version of the Memfault platform to streamline integration for developers.

FinSMEs

01/04/2021