# Memfault

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/memfault

- Industry: Consumer Products
- Headquarters: San Francisco, US
- Website: www.memfault.com
- Total disclosed funding: $40M
- Latest round: Series B (Jan 30, 2023)
- Investors on record: 8

## About

Based in California, Memfault, Inc. provides an Embedded Observability Platform that enhances monitoring, debugging, and updating of Internet of Things (IoT) devices, enabling manufacturers to improve product reliability and performance.Memfault, Inc. is focused on improving the performance of IoT devices through its Embedded Observability Platform. Founded in 2018 in San Francisco, US, by François Baldassari and Tyler Hoffman, the company has completed a total of 3 funding deals. The latest round was a Series B in January 2023, where the company raised USD 29.00 mn led by Stripes, with contributions from investors including 5G Open Innovation Lab and Partech, totaling USD 29.00 mn raised overall and a current valuation of USD 107.699 mn.Memfault specializes in providing an Embedded Observability Platform designed to enhance the monitoring, debugging, and updating of Internet of Things (IoT) devices. The core offerings focus on real-time visibility into device performance and reliability, allowing manufacturers to quickly identify and resolve issues before they escalate into customer complaints. The platform is capable of monitoring various devices, including Bluetooth Low Energy (BLE) sensors and Ethernet-connected cameras, seamlessly integrating with existing development tools. Memfault's solutions are utilized across sectors like smart home technology, healthcare devices, and wearables, serving clients such as Logitech, Gabb, and Bond Home predominantly in North America and Europe.Memfault operates under a subscription-based revenue model, where clients pay for access to its Embedded Observability Platform. Partnerships with businesses focused on IoT device development allow clients to subscribe for insights into device performance, firmware updates, and device reliability management. Service tiers offer various features, including enhanced analytics and monitoring capabilities. This recurring revenue model provides a stable income stream as companies depend on Memfault's services for quality product offerings and customer satisfaction.In January 2023, Memfault, Inc. raised USD 29.00 mn in Series B funding, with plans to utilize this capital to support product development, grow its team, and expand partnerships. The company is focusing on enhancing its platform capabilities and aims to explore new markets, enhancing its service offerings to meet the evolving demands of the IoT sector.

## Funding rounds

- Series B, Jan 30, 2023, $29M — Partech Partners, Stripes, Uncork Capital, 5G Open Innovation Lab
- Series A, Apr 1, 2021, $8.5M — Partech Partners, Uncork Capital
- Seed, Nov 15, 2019, $2.5M — Uncork Capital, Y Combinator, Liquid 2 Ventures, S28 Capital, Bragiel Brothers

## Investors

- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Seed, Series A, Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- S28 Capital (https://capitalatlas.ai/funds/s28-capital) — Seed
- Bragiel Brothers (https://capitalatlas.ai/funds/bragiel-brothers) — Seed
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A, Series B
- Stripes (https://capitalatlas.ai/funds/stripes) — Series B
- 5G Open Innovation Lab (https://capitalatlas.ai/funds/5g-open-innovation-lab) — Series B