Runtime, based in Redwood City, California, provides cloud-based management of connected devices and acts as a complete solutions provider for consumer, medical, commercial, and industrial IoT applications. The company leverages open source software and supports Apache Mynewt, a modular real-time operating system for MCU-class connected devices that must operate under tight power, memory, and storage constraints. Runtime’s platform is already being deployed globally in IoT and IIoT implementations such as smart cities, agriculture, fleet management, and smart security. The company was co-founded by CEO James Pace and CTO Sterling Hughes. Runtime raised $7.5m in funding and said it will use the proceeds to continue expanding operations and increase its reach. Backers on the raise included New Enterprise Associates (NEA), Foundation Capital, and DHVC.

Total raised

$8M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2017