# Foundries.io

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foundries-io

- Industry: Software
- Headquarters: Cambridge, UK
- Website: www.foundries.io
- Total disclosed funding: $11M
- Latest round: Series A (Jun 17, 2021)
- Investors on record: 3

## About

Foundries.io Ltd., based in the UK, specializes in IoT software solutions for OEMs, enhancing the development, management, and security of embedded Linux devices through innovative platforms.Founded in 2017 and headquartered in London, UK, Foundries.io Ltd. focuses on providing robust software solutions for embedded systems, specifically targeting Original Equipment Manufacturers (OEMs). CEO George Grey has a history of leadership in technology firms, further strengthening the company's strategic direction. To date, Foundries.io has completed four investment deals.Foundries.io primarily offers its flagship products, FoundriesFactory™ and the Linux microPlatform™ (LmP), forming a comprehensive IoT software platform designed for OEMs. These platforms streamline the development and management of Linux-based embedded devices, applications, and services while enhancing security and scalability. FoundriesFactory is an open-source product that utilizes cloud development technologies to facilitate team-based software development, reducing friction and improving efficiency through integrated Continuous Integration (CI) and testing infrastructure. Key use cases include managing software updates over-the-air (OTA) and optimizing deployment pipelines in sectors such as robotics, smart appliances, and edge computing. Their clients include Tailos, Aeler, and FORT Robotics, with products utilized across North America, Europe, and Asia. The company employs a tiered subscription pricing model, offering a free Community Edition and an Enterprise Edition to cater to varying project requirements, thus securing a consistent revenue stream through their B2B relationships with OEMs. 
In March 2024, Qualcomm Technologies, Inc. acquired Foundries.io Ltd. from Backed VC, Crane Venture Partners, Portfolio Ventures, and IQ Capital.

## Funding rounds

- Series A, Jun 17, 2021, $8M — IQ Capital, Backed VC, Crane Venture Partners
- Seed, Sep 9, 2019, $3.3M — Backed VC, Crane Venture Partners

## Investors

- Backed VC (https://capitalatlas.ai/funds/backed-vc) — Seed, Series A
- Crane Venture Partners (https://capitalatlas.ai/funds/crane-venture-partners) — Seed, Series A
- IQ Capital (https://capitalatlas.ai/funds/iq-capital) — Series A