Particle Raises $40 Million for Internet of Things Platform

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Particle, a San Francisco based startup, announced it has raised $40 million in Series C funding for its Internet of Things device platform.

Energy Impact Partners and Qualcomm Ventures took the lead in this funding round, with support from several previous investors including Root Ventures, Bonfire Ventures, Industry Ventures, Spark Capital, OATV, Counterpart Ventures, SOSV and Green D Ventures.

The two leaders, Qualcomm and Energy Impact were a “natural fit” for Particle because both companies make technology embedded in IoT products.

“Particle will use the money raised in this round of funding to continue developing our enterprise IoT platform suite, as well as scale our engineering and product teams,” said Zach Supalla, CEO and founder of Particle, in a blog post. “These new team hires will help bolster our professional engineering service (Particle Studios) and help our customers bring their products to market. We’ll also be expanding into new global markets while hiring in sales and marketing.”

Particle plans on making the Internet of Things more easy and accessible, thanks to its scalable, reliable and secure IoT device platform, which allows businesses to quickly and easily build, connect and manage their connected solutions.