Raises $8M in Series A Funding

Foundries, a Cambridge, England, UK-based provider of cloud development and deployment solutions for secure IoT and Edge devices, raised $8M in Series A funding.

The round was led by IQ Capital, with participation from Crane Venture Partners and Backed VC.

The company intends to use the funds to expand plans through both talent recruitment and marketing.

Led by technology industry pioneers, George Grey and Ian Drew, delivers FoundriesFactory, a cloud-native solution for embedded technologies for IoT. The company’s open source platform provides OEMs and Systems Integrators a common software base to develop, test, deploy, manage and maintain secure IoT and Edge devices through a single cloud-native solution.

It counts tier one OEMs, silicon industry leaders and SoC companies among its customers and partners, including ARM, NXP Semiconductors, MontaVista, STMicroelectronics and WINSYSTEMS.