IoT device manufacturers use Memfault to manage edge hardware, raising $35M, doubling headcount to 80 by year-end, exploring AI to improve products.
Memfault, a platform that allows IoT device manufacturers to find issues in their edge products over the cloud, has closed a $24 million Series B funding round led by Stripes with participation from the 5G Open Innovation Lab, Partech and Uncork. The investment brings Memfault’s total raised to more than $35 million. Memfault provides software development kits (SDK) that let manufacturers upload performance data and error reports to a private cloud. There, it’s stored, analyzed and indexed so engineers can access it via a web interface to look for anomalies and troubleshoot problems as they occur.
Memfault was founded in 2018 by François Baldassari, Tyler Hoffman, and Chris Coleman, who first conceived of the platform…
