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

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
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