Particle offers an all-in-one IoT platform that provides back-end infrastructure, encryption, security, data autonomy and scalability so customers can bring connected devices to market without building their own software stack. The platform targets traditional and industrial customers—stormwater management, industrial equipment, shipping and other mission-critical machines—enabling monitoring and control of sensors, pumps, valves and vehicles. Particle positions itself as the enterprise-grade solution for fleets of sensors and monitoring devices across agriculture, automotive, smart city and other industries. The company reported 150% year-over-year revenue growth for its enterprise platform and supports 85 enterprise clients. Particle employs roughly 100 staff to support its customers and scale operations. The company is based in San Francisco and emphasizes helping legacy businesses modernize their machines and devices. Particle offers a vertically integrated, full‑stack Internet of Things platform that includes Wi‑Fi and cellular modules, IoT SIM cards and data plans, a secure IoT cloud, device management, and SDKs for building mobile and web applications. Its tools are used by over 100,000 engineers in more than 170 countries and are deployed by many large enterprises, including 50% of S&P 500 companies (90% of S&P IT companies and 59% of S&P Industrials). The company was founded in 2012 by Zach Supalla (CEO) and Zachary Crockett (CTO). As the market has matured, Particle has shifted its focus to Enterprise IoT and emphasizes always‑on cellular connectivity for industrial and municipal applications. Particle’s cellular connectivity is deployed in use cases such as gas stations, oil rigs, stormwater drains, and manufacturing equipment, supporting the company’s claim that connectivity delivers immediate business value. The company cites industry research forecasting large growth in cellular IoT connections and positions its full‑stack approach as a way to accelerate time to market for enterprise IoT initiatives. Particle provides an enterprise platform and toolset to build, ship and scale enterprise-class IoT products and to manage fleets of connected devices. Its tools are used by 70,000 engineers in more than 170 countries and by many Fortune 500 companies. The company reports a community of more than 90,000 developers. Led by co-founder and CEO Zach Supalla, Particle intends to use the new funds to continue investing in its sales and support teams and to guide its community toward high-value IoT initiatives and connected products. Financially, the company has raised $14.6M in total funding to date, including the latest round. The company positions itself as a platform for companies to develop and manage new IoT products across large device fleets.

Total raised

$70M

Funding rounds

3

Latest round

Series C

Latest activity

Oct 2019