Memfault Raises Series B

I am thrilled to announce that Memfault, the company Chris, Tyler and I co-founded in 2018, has closed a Series B funding round led by Stripes, with participation from Partech Partners, Uncork Capital, and the 5G Open Innovation Lab.

When we started Memfault, our goal was to make building hardware products easier. Since then, we’ve been fortunate to work with incredible companies such as Bose, Lyft, Samsara, and Verkada, helping them adopt a proactive approach to device reliability engineering and ship category-defining products. Today, our platform serves millions of devices and processes over a billion events every month, and we’re just getting started.

We believe that the Internet of Things has the power to change the way we live and work, but to realize this full potential, we need to ensure that connected products are reliable and performant. That’s why we’ve built our platform to help companies quickly and easily diagnose and fix issues in their connected products without the need for expensive and time-consuming physical debugging or technician visits.

With this funding, we plan to expand our platform, adding new features and capabilities that will make it even easier for companies to build reliable connected products. We’ll also be growing the set of platforms our features are available on, so you can monitor your devices with Memfault no matter what operating system, chipset, and programming language you are using. Additionally, we’ll be investing in our team, hiring top talent to help us continue to innovate and push the boundaries of what’s possible with IoT. We are hiring!

We’re honored to have Stripes as our lead investor in this round, and we’re excited to work with them to help even more companies around the world build better-connected products. Together, we can help make the Internet of Things deliver on its promises for everyone.

I want to take this opportunity to thank our customers, partners, and team for their continued support. I am excited about the future and can’t wait to see what we will achieve together!