Particle raises $20 Million Series B lead by Spark Capital to bring IoT to the enterprise

Particle announced it has secured $20 Million in Series B funding to bring its world-class IoT solutions to Enterprise companies. The round was led by Spark Capital, with participation from Qualcomm Ventures and Particle’s previous investors.

Founded in 2012 by Zach Supalla, CEO and Zachary Crockett, CTO, Particle has become the most widely-used IoT platform, with more than 100,000 people and companies developing IoT products. As the market has matured, Particle’s focus has shifted to Enterprise IoT, delivering significant value through connectivity.

“While the media’s IoT focus has been primarily on consumer electronics, wearables, and ‘smart home’, we’ve learned from our customers that the future of IoT is within the enterprise market,” said Zach Supalla, CEO at Particle. “Our customers often deliver meaningful business value right out of the gate when they connect their physical assets and start collecting data.”

Particle’s “full-stack” IoT platform includes everything a company needs to connect their devices to the web, including Wi-Fi and cellular modules, IoT SIM cards and data plans, a secure and reliable IoT cloud, and SDKs for building mobile and web applications for IoT products. This full-stack approach makes it dramatically faster and easier to bring an IoT product to market.

Zach Supalla

As Enterprise IoT grows in tandem with cellular IoT, their applications require an always-on, reliable cellular connected network. According to Machina Research, “Cellular connections will grow from 334 million at the end of 2015 to 2.2 billion by 2025.”

Particle cellular connectivity has been deployed in a wide variety of industrial and municipal IoT applications, such as in gas stations, on oil rigs, in stormwater drains, and in manufacturing equipment. 50% of S&P 500 companies are using Particle to develop IoT solutions, including 90% of S&P IT companies and 59% of S&P Industrials.

“Zach and the team at Particle had a very smart insight early on—many enterprise IoT initiatives fail in the difficulty of execution: it’s hard to get devices online reliably. We were really impressed with the company’s decision to focus on a vertically integrated full-stack platform to get enterprise IoT products connected, while the rest of the industry focused on cloud-only platforms,” said Andrew Parker, general partner at Spark Capital.

“Particle built a solution that takes a complex problem and solves it with an easy to use, consumer-like product execution. We couldn’t be more excited to partner with this team as they continue to execute on their vision.”

Comment on this article below or via Twitter: @IoTNow OR @jcIoTnow

RECENT ARTICLES

Aeris Intelligent IoT network provides System Loco with reliable connectivity for worldwide track and trace of sustainable IoT-enabled smart pallets

Posted on: July 5, 2022

Aeris, the global Internet of Things (IoT) solutions provider, announced that System Loco, a global provider of supply chain and asset tracking solutions, has selected the Aeris Intelligent IoT Network to provide next generation connectivity to support and manage the worldwide track and trace of smart pallets employed by System Loco’s customers throughout the world.

Read more

Removing IT bottlenecks: The key’s simplicit

Posted on: July 5, 2022

A report by Mulesoft found that the IT teams of just 37% of organisations completed all of their assigned projects last year. Digitalisation can gather valuable data insights and optimise processes, but progress is often held back by the large IT workload such projects create. Here, Johan Jonzon, CMO and co-founder in edge analytics for

Read more
FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox