Particle.io Secures $40 Million USD in a Series C Funding Round


(San Francisco, CA) Currently, Particle or Particle.io reports that, the following businesses are business clients.  The businesses are Jacuzzi, Continental Tires, Watsco, Shifted Energy, Anderson EV and Opti.  All of the aforementioned businesses are building up, due to innovation.  As far as Particle or Particle.io is concerned, its role is being an end to end internet of things (IoT) platform.  Technically, it is an enterprise level or caliber platform that combines software, hardware and connectivity.  Additionally; everything is done as an integrated technology solution that guarantees that business clients’ IoT products are reliable, scalable and secure.  Recently, Particle or Particle.io announced that, it desires to drive an IoT adoption.  Specifically, the aforementioned business revealed that, it has secured $40 million USD in a Series C funding round.  Overall, this business reports that, it has $81.3 million USD in total funds.  As part of the funding round, current investors decided to double down on their bet.  The current investors who doubled down on their bet are Root Ventures, Bonfire Ventures, Industry Ventures, Spark Capital, Green D Ventures, Counterpart Ventures and SOSV.  The most noteworthy new investors of Particle.io are Qualcomm Ventures, LLC and Energy Impact Partners.    
            Energy Impact Partners and Qualcomm Ventures, LLC as the most noteworthy new investors, will be contributing funds.  The funds will be used for the following one thing.  The one thing is the continuation of the business growth.  In reference to; the continuation of the business growth, the aforementioned is best characterized by year over year revenue, and, business contracts.  According to Particle.io, year over year revenue has increased by, 150 percent.  Additionally, the business contracts have reached the level of multiple million dollar contracts.  Furthermore, the acquisition of these multiple million dollar contracts has grown by, 300 percent.  However and returning to, Particle.io, the aforementioned business maintains five offices.  These five offices are in the City of San Francisco, the City of Las Vegas, the City of Minneapolis, the City of Boston and Shenzhen China.  As an end to end IoT platform, Particle.io is considered to be a community.  Technically, it is a community of developers that, is geared towards the IoT, sector of the economy.  Additionally, as a community of developers, it has almost 200,000 developers and engineers.  Furthermore, these developers and engineers are physically located, in 170 countries around the world.  As a result, Particle.io is the IoT platform that is behind 21.9 billion collected sensor data points; annually.  This IoT platform is also recognized, as the brain that brings online, 60,000 devices on a daily basis.  Overall; Particle’s IoT platform is best characterized as IoT hardware, connectivity, IoT device cloud and IoT apps. 
            Carlos Kokron is the Vice President of Qualcomm Technologies, Inc.  Additionally, he is also the Managing Director Americas at Qualcomm Ventures, LLC.  Through a press statement, Mr. Kokron said the following.  “Creating a bridge from the physical to the digital world is far more complex than most people realize.  From the device itself to the network to cloud connectivity and software functionality, there are a lot of moving parts and complexities.”  Carlos Kokron also said.  “Particle’s full-stack platform for IoT technology development accounts for all of these vital elements in a highly secure and flexible environment.  We have been very impressed with Particle’s technology and market traction and are excited to continue to support their growth.”  Sameer Reddy is a Partner at Energy Impact Partners.  Through a press statement, Mr. Reedy said the following.  “As we move toward a decarbonized future, Particle’s industry-leading full-stack IoT platform will play a foundational role in reducing the barriers to innovation for startups and incumbents across the entire energy value chain.  The impact they’ll have to our industry and partners in driving a cleaner and more resilient future will be exciting to watch.”   
            To end, Particle or Particle.io did release a press statement.  Zach Supalla is the Chief Executive Officer of Particle.io.  Through a press statement, Mr. Supalla said the following.  “Over the last seven years we’ve seen a wide range of business embrace IoT, especially those driving innovation in traditional industries.  More and more of our customers are in old-fashioned, even unglamorous, businesses like stormwater management, industrial equipment, shipping, or monitoring any number of compressors, pumps, and valves.”  Zach Supalla also said.  “These businesses are diverse, but the common thread is that they need to monitor and control mission-critical machines, and we see it as our mission to help bring their machines, vehicles, and devices into the 21st century.”  As previously stated, Particle or Particle.io recently announced that, it desires to drive an IoT adoption.  Specifically, the aforementioned business revealed that, it has secured $40 million USD in a funding round.  Overall, this business reports that, it has $81.3 million USD in total funds.  As part of the funding round, current investors decided to double down on their bet.  The current investors who doubled down on their bet are Root Ventures, Bonfire Ventures, Industry Ventures, Spark Capital, Green D Ventures, Counterpart Ventures and SOSV.  Lastly; the most noteworthy new investors of Particle.io are Qualcomm Ventures, LLC and Energy Impact Partners. 

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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
11/06/2019

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