Memfault builds cloud-based software and SDKs that let IoT and embedded-device manufacturers upload performance data and error reports for storage, analysis and troubleshooting via a web interface. The company was founded in 2018 by former Pebble engineers and claims “hundreds” of customers, including Bose, Logitech, Lyft and Traeger. Memfault offers Android and Linux SDKs and maintains partnerships with semiconductor vendors such as Infineon, Nordic Semiconductors and NXP. It competes with cloud offerings from AWS, Microsoft and Google as well as startups like Balena and Zededa and security-focused firms such as Sternum and Armis. Memfault plans to use new funding to expand platform software support, add out-of-the-box integrations and roughly double headcount from 38 to about 80 by year-end. The company says it has maintained high gross margins and a low burn multiple but declined to disclose revenue. Memfault is also exploring early-stage work to incorporate AI for sharper anomaly detection and error classification. Memfault provides a cloud-based firmware observability platform and an SDK that can be deployed on any connected device to capture data and send it to the cloud for analysis. Its backend identifies, classifies, and deduplicates error reports so engineers know which issues are most prevalent and where they occur without end-user action. The platform enables teams to deploy OTA firmware updates, automatically capture and remotely debug issues, and continuously monitor device fleets at scale. The company plans to scale its engineering team and invest across product development and marketing with the new funding. Memfault will soon release a self-service version to streamline integration for developers. Operating details such as revenue or user counts were not disclosed in the article. Memfault builds a cloud-based monitoring solution that helps hardware teams catch, triage, and fix bugs in the field before end users encounter them. Its SDK connects to low-level diagnostics features in connected devices and streams telemetry back to Memfault's cloud for analysis. The backend identifies, classifies, and deduplicates error reports so engineers can pinpoint prevalent issues without recalling devices. Teams can use the platform to roll out firmware updates and receive early alerts about issues before they impact an entire fleet. Early customers include hardware companies Logitech and Proxy. In November 2019 the company raised $2.5M in seed funding to support its product development and growth. The company is led by CEO François Baldassari and is based in San Francisco, California.

Total raised

$35M

Funding rounds

3

Latest round

Series B

Latest activity

Jan 2023