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