UpdateLogic
Latest round
- Series C
Last raised
- May 2008
Total raised
- $8M
Investors
- 1
About UpdateLogic
UpdateLogic, based in Plymouth, US, provides device management solutions for consumer electronics. The company has undergone strategic pivots to enhance its product offerings and adapt to evolving market demands. In May 2014, UpdateLogic was acquired by Silicon Image, a portfolio company of August Capital, InveStar Capital, and Velocity Venture Capital.648 mn.UpdateLogic, through its flagship product, provides a comprehensive device management system that enables manufacturers to control, maintain, and support Internet-connected digital home products. This system includes a robust software update service designed to streamline updates in streaming content services, ensuring devices like Smart TVs, BD players, set-top boxes, and gaming consoles remain current and bug-free.UpdateLogic generates revenue primarily through a combination of subscription-based services and partnerships with consumer electronics manufacturers. Its transaction model involves providing device management solutions, including software updates and technical support, structured as annual agreements or licensing fees paid by manufacturers. This allows clients to enhance customer care while reducing operational costs.Following the acquisition in May 2014, UpdateLogic aims to enhance its product line to support the growing demand for connected devices. The company is strategically planning to expand into emerging markets in Asia and Europe by 2025.00 mn will be utilized to develop new software solutions and enhance existing services to solidify its market position.
Who invested in UpdateLogic
1 investor across 2 rounds
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Questions about UpdateLogic
Who invested in UpdateLogic?
UpdateLogic has 1 investor on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has UpdateLogic raised?
UpdateLogic has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did UpdateLogic last raise money?
UpdateLogic's most recent round on record is a Series C, in May 2008.
What does UpdateLogic do?
UpdateLogic, based in Plymouth, US, provides device management solutions for consumer electronics.
Where is UpdateLogic headquartered?
UpdateLogic is headquartered in Plymouth, US.
Which VCs invest in companies like UpdateLogic?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at UpdateLogic's stage. Their profiles are linked below.
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