Memfault offers the first IoT reliability platform that empowers developers to build more robust connected devices at scale. Memfault's cloud-based platform provides performance monitoring, debugging, and over-the-air update capabilities to help teams proactively identify and resolve issues, ensuring device stability and reliability. By enabling a more scalable development process, Memfault aims to help manufacturers accelerate time-to-market, reduce costs, and deliver superior IoT products.
The company was founded in 2018 by François Baldassari, Tyler Hoffman and Chris Coleman, who previously worked together at smartwatch pioneer Pebble where they encountered the challenges of remotely diagnosing and fixing hardware issues at scale. Leveraging this experience, they built Memfault to provide embedded software developers with the same modern DevOps tools and infrastructure that web developers have enjoyed for years.
Memfault has raised over $35 million in funding to date, including a recent $24 million Series B led by Stripes, and has been deployed by hundreds of customers including Bose, Logitech and Lyft. By joining Memfault at this stage, you'll have the opportunity to help define this emerging device reliability engineering category as the company scales to support the explosive growth of the IoT market. As connected devices become increasingly complex and ubiquitous, with the number of consumer IoT devices projected to reach 6.5 billion by 2030, Memfault aims to become the de facto reliability platform to help developers tame this complexity.
2018
Founded
50-100
Employees
Series B
Stage
$114M
Latest Valuation
$30-50M
Total Funding
Jan 24 2023
Last Fundraise
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