Seattle, July 25, 2019: Edge computing pioneers, balena, today announced a $14.4 million Series B investment led by OpenView, with participation from existing investors including Threshold Ventures, Aspect Ventures, and GE Ventures.
Founded in 2013, balena helps companies develop, deploy, update, and manage the Internet of Things (IoT) devices. The company’s stated mission is “to unlock the potential of physical computing by removing friction for IoT fleet owners.” The company’s full-stack platform offers a complete end to end solution that makes it easy for every developer to build applications for IoT and the Edge.
Balena (formerly known as resin.io) was founded by a team of developers who had experienced first-hand the frustration of deploying and managing fleets of connected devices. After realizing that nothing existed to meet their needs, they decided to build a platform for all IoT developers.
The new balena funding will be used to expand the startup’s capabilities and continue building products that make the connected world accessible to all, it said in a press release.
Today, balena-powered devices are being used by customers around the world in everything from robotics and manufacturing to transport and building management. By enabling developers to scale their fleets quickly and easily, the company is growing the number of devices managed on the balena platform by nearly 4x year-over-year.
Image Credit: balena