Filament develops a patented, decentralized network stack that combines long-range, low-power wireless hardware and edge software to enable secure machine-to-machine communication in environments with intermittent or no cloud connectivity. Its platform encrypts down to the hardware level and leverages blockchain technology so devices can discover, communicate, and transact value independent of a central authority. Filament focuses on the networking layer rather than endpoint devices, providing edge processing and compatibility with legacy and multi-vendor systems. The company plans to scale hardware manufacturing and expand platform features, including pinpoint GPS functionality and enhanced smart contract capabilities, and to build a broader ecosystem of delivery partners and integrators. Filament has offices in Reno, Denver, Minneapolis, and San Francisco. As of this financing the company has raised $21.8 million in total venture funding. Filament is a Reno, Nevada-based enterprise technology company building smart industrial infrastructure by connecting existing machinery, equipment and assets to wireless sensor networks. The company is developing new blockchain technologies to allow industrial customers to deploy and operate standalone sensor networks with existing infrastructure, in any environment, with or without the cloud. Use cases cited include controlling city outdoor lighting, monitoring grain silos, and tracking soil conditions across farms. Filament’s networks include hardware devices called “Taps,” which have embedded environmental sensors, USB and GPIO for expanded sensor or machine control, and hardware cryptographic chips for secure accessibility and communication. The company closed a $5M Series A led by Bullpen Capital with participation from Verizon Ventures, Crosslink Capital, Samsung Ventures, Digital Currency Group and others. Filament has additional offices in Denver and San Francisco and is led by co-founder and CEO Eric Jennings.

Total raised

$20M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2017