DevOps.com

  • Latest
    • Articles
    • Features
    • Most Read
    • News
    • News Releases
  • Topics
    • AI
    • Continuous Delivery
    • Continuous Testing
    • Cloud
    • Culture
    • DataOps
    • DevSecOps
    • Enterprise DevOps
    • Leadership Suite
    • DevOps Practice
    • ROELBOB
    • DevOps Toolbox
    • IT as Code
  • Videos/Podcasts
    • Techstrong.tv Podcast
    • Techstrong.tv - Twitch
    • DevOps Unbound
  • Webinars
    • Upcoming
    • On-Demand Webinars
  • Library
  • Events
    • Upcoming Events
    • On-Demand Events
  • Sponsored Content
  • Related Sites
    • Techstrong Group
    • Container Journal
    • Security Boulevard
    • Techstrong Research
    • DevOps Chat
    • DevOps Dozen
    • DevOps TV
    • Techstrong TV
    • Techstrong.tv Podcast
    • Techstrong.tv - Twitch
  • Media Kit
  • About
  • Sponsor
  • AI
  • Cloud
  • Continuous Delivery
  • Continuous Testing
  • DataOps
  • DevSecOps
  • DevOps Onramp
  • Platform Engineering
  • Low-Code/No-Code
  • IT as Code
  • More
    • Application Performance Management/Monitoring
    • Culture
    • Enterprise DevOps
    • ROELBOB
Hot Topics
  • Dylibso Releases Tool for Tracking and Validating Wasm Modules
  • Data APIs: Realizing the Future of Data Warehousing
  • GraphQL Documentation Generators: How They Work and Why They Matter
  • Perceptions of Reality
  • Postman Releases Tool for Building Apps Using APIs

Home » Latest News Releases » Memfault Raises $8.5M in Series A Funding to Expand the First End-To-End Observability Platform for IoT Devices

Memfault Raises $8.5M in Series A Funding to Expand the First End-To-End Observability Platform for IoT Devices

By: Deborah Schalm on April 1, 2021 Leave a Comment

Memfault’s OTA updates, proactive device monitoring, and automated fault debugging deliver efficiencies and savings across the entire connected device lifecycle

Recent Posts By Deborah Schalm
  • Exabeam Reinvents Security Analytics with Fusion XDR and Fusion SIEM Cloud Products to Address Security Needs at Scale
  • New Study Reveals Importance of Optimized Strategy for the Selection, Support, and Maintenance of Open Source Software
  • Applitools Integrates With Rally for Fast and Automated Bug Management
More from Deborah Schalm
Related Posts
  • Memfault Raises $8.5M in Series A Funding to Expand the First End-To-End Observability Platform for IoT Devices
  • Platform.sh Raises $34M to Bring Speed and Confidence to Enterprise Cloud Deployments
  • Rookout’s Modern Debugging Platform Brings Server Performance Metrics to Developers
    Related Categories
  • Latest News Releases
    Related Topics
  • Memfault
  • Partech
Show more
Show less

San Francisco, CA, April 1, 2021 — Memfault, the provider of the first cloud-based platform for connected device monitoring, updating, and debugging, today announced it has raised $8.5 million in Series A funding. Partech led the round, with participation from existing investor Uncork Capital. The Series A will allow Memfault to quickly scale its engineering team to meet accelerated demand from IoT device makers and make significant investments across product development and marketing.

“Memfault’s smart-device platform modernizes device monitoring, debugging, and deployment of updates, improving time-to-market and overall device health – all without impacting the end user.” said Jean Sini, General Partner at Partech. “The company’s growth over the past few years underscores the demand for a better, more cost-effective, and simpler method of managing device fleets at scale, and we’re excited to support Memfault’s vision.”

“As an early investor in several hardware startups, we recognized that Memfault solved a problem no one else did by empowering developers to get ahead of potential issues, leading to faster production, better products, and happier end-users,” said Jeff Clavier, founder and managing partner of Uncork Capital. “With the executive team’s deep domain experience in hardware development, Memfault’s diagnostic tools completely transform traditional hardware practices that can’t match the pace of the smart device industry. We’ve been thrilled to watch the success of Memfault as it extends its reach in response to the exponential growth of connected devices across all market sectors.”

Memfault launched in 2018 with a founding team of embedded engineers from Pebble, Fitbit, and Oculus to solve the slow, inefficient, costly, and reactive processes that continued to plague firmware engineering teams. This passive process effectively relied on customers to be product testers as the first indication of a device issue often came through unhappy users contacting customer service or voicing dissatisfaction more publicly through social media and product review channels. With 30 billion IoT devices predicted to be in use by 2025, traditional hardware monitoring and debugging methods can not keep pace with the increase of smart device adoption and the complexity of connectivity blocking teams from scaling their fleet of devices.

Memfault’s cloud-based firmware observability platform dramatically reduces engineering and support overhead by enabling teams to deploy OTA firmware updates, automatically capture and remotely debug issues, and continuously monitor fleets of connected devices at scale. Memfault’s SDK can be deployed on any connected device to capture data and send it to the cloud for analysis. Memfault’s backend identifies, classifies, and deduplicates error reports, so engineers know what issues are most prevalent, and where the issue occurs without requiring any action from end-users.

Key Features of Memfault

By integrating Memfault into smart device infrastructure, developer teams can monitor and manage the entire device lifecycle, from development to feature updates, with ease and speed.

Key features include:

  • Remote debugging: By aggregating issues across software releases and hardware revisions, Memfault can determine which devices are impacted and what stack they’re running, and teams can inspect backtraces, variables, and registers when encountering an error.

  • Firmware OTA updates: Teams can deliver updates to specific devices at specific times. By controlling the timing of firmware updates, teams can schedule updates when users are least impacted. Devices can also be split into cohorts for targeted updates, and rollouts can be released in stages to limit fleet-wide issues from new updated versions.

  • Device monitoring: Memfault offers real-time reports on device check-ins and notifications of unexpected inactivity. Teams can view device and fleet health data like battery life, connectivity state, and memory usage or track how many devices have installed a release, and how many have run into issues all from a single console.

“At Latch, we are always looking to make our Access product simpler, faster and more reliable,” said Raman Thaper, director of engineering at Latch. “Our latest keyless product demanded that we raise the bar on these fronts to new heights. Memfault gives us the hard data to be confident in the reliability of our firmware and proactively take action, resolving issues before our users are impacted. These real-time device-level metrics and alerts have streamlined engineering processes and improved the overall health of our devices immensely.”

“In 2020, Diamond Kinetics launched a new generation of our product and built Memfault in from the beginning,” said Mike Ressler, CTO at Diamond Kinetics. “Because of the monitoring and automatic data collection capabilities that Memfault gave us, we were able to go to market faster with more confidence in the success of our launch. With our new product on the market, we can now service and address issues without needing to “psychic debug” sensors in the wild based on customer reports – we have the stack traces. All this on an embedded sensor with limited resources over a Bluetooth connection to a mobile app. Every step of the way, the Memfault SDK has been reliable and easy to integrate. I wouldn’t go to market on an IoT device without Memfault in place.”

“Despite the ubiquity of connected devices, hardware teams are too often bound by a lack of visibility into device health and a reactive cycle of waiting to be notified of potential issues,” said François Baldassari, CEO of Memfault. “Memfault has reimagined hardware diagnostics to instead operate with the similar flexibility, speed, and innovation that has proven so successful with software development. Memfault has saved our customers millions of dollars and engineering hours, and empowered teams to approach product development with the confidence that they can ship better products, faster, with the knowledge they can fix bugs, patch, and update without ever disrupting the user experience. This funding round allows us to grow our teams and build out our platform to meet the significant growth in demand for our scalable, simple solution.”

The company will soon be releasing a self-service version of the Memfault platform to streamline integration for developers. Sign up today for early access to the release.

Resources:

  • Interrupt Blog: Join the community for embedded software makers

  • GitHub

  • Upcoming Webinar: Reserve your spot for our webinar on April 22 with CTO Chris Coleman to learn how to efficiently debug and resolve issues quickly on MCUs.

About Memfault

Memfault is the first cloud-based platform for connected device debugging, monitoring, and updating, which brings the efficiencies and innovation of software development to hardware processes. The company helps teams catch, triage, and fix bugs in the field before they are noticed by end-users. Consumer electronics, industrial automation, and IoT businesses across all industries rely on Memfault to deliver better products faster, without compromising stability and reliability, that improve over time. The company was founded by engineers with decades of experience from Fitbit, Oculus, and Pebble. Memfault is backed by Uncork Capital, Partech, S28 Capital and Y Combinator.

About Partech

Born in San Francisco and Paris, Partech is one of the most active VCs in the world, bringing together capital, operational experience and strategic support for entrepreneurs at seed, venture and growth stages. In 2020, Partech invested in 82 startups across 24 countries in Europe, America, Africa and Asia.
partechpartners.com/

Filed Under: Latest News Releases Tagged With: Memfault, Partech

« BMC Enables Organizations to Develop and Deliver Code Faster
42Crunch API Security Platform Now Available On-Premises »

Techstrong TV – Live

Click full-screen to enable volume control
Watch latest episodes and shows

Upcoming Webinars

Cache Reserve: Eliminating the Creeping Costs of Egress Fees
Thursday, March 23, 2023 - 1:00 pm EDT
Noise Reduction And Auto-Remediation With AWS And PagerDuty AIOps
Thursday, March 23, 2023 - 3:00 pm EDT
Build Securely by Default With Harness And AWS
Tuesday, March 28, 2023 - 1:00 pm EDT

Sponsored Content

The Google Cloud DevOps Awards: Apply Now!

January 10, 2023 | Brenna Washington

Codenotary Extends Dynamic SBOM Reach to Serverless Computing Platforms

December 9, 2022 | Mike Vizard

Why a Low-Code Platform Should Have Pro-Code Capabilities

March 24, 2021 | Andrew Manby

AWS Well-Architected Framework Elevates Agility

December 17, 2020 | JT Giri

Practical Approaches to Long-Term Cloud-Native Security

December 5, 2019 | Chris Tozzi

Latest from DevOps.com

Dylibso Releases Tool for Tracking and Validating Wasm Modules
March 23, 2023 | Mike Vizard
Data APIs: Realizing the Future of Data Warehousing
March 23, 2023 | Tanmai Gopal
GraphQL Documentation Generators: How They Work and Why They Matter
March 23, 2023 | Gilad David Maayan
Postman Releases Tool for Building Apps Using APIs
March 22, 2023 | Mike Vizard
What DevOps Leadership Should Look Like
March 22, 2023 | Sanjay Gidwani

TSTV Podcast

On-Demand Webinars

DevOps.com Webinar ReplaysDevOps.com Webinar Replays

GET THE TOP STORIES OF THE WEEK

Most Read on DevOps.com

Grafana Labs Acquires Pyroscope to Add Code Profiling Capability
March 17, 2023 | Mike Vizard
How Database DevOps Fuels Digital Transformation
March 17, 2023 | Bill Doerrfeld
Four Technologies Transforming Data and Driving Change
March 17, 2023 | Thomas Kunnumpurath
Neural Hashing: The Future of AI-Powered Search
March 17, 2023 | Bharat Guruprakash
5 Unusual Ways to Improve Code Quality
March 20, 2023 | Gilad David Maayan
  • Home
  • About DevOps.com
  • Meet our Authors
  • Write for DevOps.com
  • Media Kit
  • Sponsor Info
  • Copyright
  • TOS
  • Privacy Policy

Powered by Techstrong Group, Inc.

© 2023 ·Techstrong Group, Inc.All rights reserved.