Balena
Latest round
- Series B
Last raised
- Jul 2019
Total raised
- $22M
Investors
- 9
About Balena
Balena Limited is a provider of an IoT device management platform, facilitating the deployment, monitoring, and management of connected devices across various industries. Balena Inc. was founded in 2013 in Athens, Greece, providing solutions for IoT device management. The firm was established by David Roubach, Gualtiero Galimberti, Katie Lythgo, and Pagan Gazzard. Currently, Chris Crocker-White serves as the CEO.4 mn, with a recorded total of 6 deals. Balena's primary offering is a comprehensive IoT device management platform designed to streamline the deployment, monitoring, and management of connected devices. This platform supports over 80 device types and includes a Custom Device Support program for devices not on the compatibility list. Key functionalities encompass hardware-level security, regulatory compliance, and a robust API for automating device management tasks. End users span multiple industries including technology, agriculture, and manufacturing, with notable clients such as Bosch, Meow Wolf, and Sight Machine, who utilize the platform to manage fleets of devices efficiently. The products are designed to facilitate global deployment, providing capabilities for remote software updates and fleet management, thus enabling organizations to maintain operational efficiency across various geographical markets worldwide. The revenue model for Balena is structured around subscription-based services, allowing businesses to engage with their platform through tiered pricing plans suited to their specific needs. Clients typically enter into agreements for ongoing access to Balena's software and support services, which include features for fleet management and over-the-air (OTA) updates. The pricing framework is tailored to accommodate varying scales of operations, enabling businesses to choose plans that reflect their device management requirements. Balena's services are particularly appealing to B2B clients looking for reliable solutions in IoT device management, ensuring a steady revenue stream as organizations implement and expand their IoT strategies. Balena aims to expand its market presence into Europe and Asia by 2025, targeting businesses that require scalable IoT solutions.
Who invested in Balena
9 investors across 3 rounds
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Questions about Balena
Who invested in Balena?
Balena has 9 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Balena raised?
Balena has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Balena last raise money?
Balena's most recent round on record is a Series B, in Jul 2019.
What does Balena do?
Balena Limited is a provider of an IoT device management platform, facilitating the deployment, monitoring, and management of connected devices across various industries.
Where is Balena headquartered?
Balena is headquartered in Seattle, US.
Which VCs invest in companies like Balena?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Balena's stage. Their profiles are linked below.
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