Foundries.io has raised $8 million in Series A funding to push its secure IoT vision.
The funding is led by IQ Capital, with participation from Crane Venture Partners and Backed VC.
Led by technology industry pioneers, George Grey and Ian Drew, Foundries.io has developed an open source platform that 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.
This means that companies can ensure the lifetime support of connected devices, unlock innovation, and improve speed-to-market while saving time and money.
The new funding comes on the back of rapid growth since its inception in 2017 and seed round funding in 2019, which has already resulted in significant partnerships and a strong pipeline.
