Foundries.io: Raises $8M in Series A Funding

Foundries.io Raises $8M in Series A Funding

• Foundries.io, a Cambridge, England, UK-based provider of cloud development and deployment solutions for secure IoT and Edge devices, raised $8M in Series A funding
• The round was led by IQ Capital, with participation from Crane Venture Partners and Backed VC
• The company intends to use the funds to expand plans through both talent recruitment and marketing
• The company delivers FoundrieFactory, a cloud-native solution for embedded technologies for IoT
• The company’s open source platform provides OEMs and Systems Integrators a common software base to develop, test, deploy, manage and maintain secure IoT
• It counts tier one OEMs, silicon industry leaders and SoC companies among its customers and partners