Foundries.io offers FoundriesFactory, a cloud-native, open-source platform that gives OEMs and systems integrators a common software base to develop, test, deploy, manage, and maintain secure IoT and Edge devices. The platform is Linux-based, hardware-agnostic, supports containerized applications, interfaces with any cloud, and uses a fixed no-royalty subscription model. Foundries.io counts tier-one OEMs and silicon partners among its customers and partners, including ARM, NXP Semiconductors, MontaVista, STMicroelectronics and WINSYSTEMS. The company has grown rapidly since its inception in 2017 and completed a seed round in 2019, building a strong pipeline and significant partnerships. The Series A funding will support aggressive expansion through talent recruitment and marketing to bring the platform to more companies globally. Foundries.io emphasizes lifetime support and device security, enabling OEMs to own their data and security strategies while avoiding vendor lock-in. Foundries.io provides an affordable, subscription-based platform that delivers a secure operating system, secure boot firmware, and lifetime software maintenance for embedded, IoT, and edge devices. Its FoundriesFactory self-service solution offers turn-key services for development, deployment, and maintenance, including build-and-test infrastructure and customizable OS updates. The company positions its product to lower maintenance and support costs across device lifecycles, stating there are no per-unit charges, no access to customers' data, and no vendor lock-in. Foundries.io cites market demand driven by security concerns (84% of organisations that adopted IoT have experienced device breaches) and by maintenance costs (44% of organisations report maintenance costs as a barrier). The funding will fuel rollout of FoundriesFactory and expansion of the platform across the IoT market. The startup raised $3.5 million from Crane Venture Partners with support from Backed VC.

Total raised

$12M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2021