Electric Imp Receives $21,000,000 New Funding

  • Feed Type
  • Date
    4/7/2016
  • Company Name
    Electric Imp
  • Mailing Address
    5050 El Camino Real Los Altos, CA 94022 USA
  • Company Description
    Electric Imp provides an innovative and powerful service platform that makes it simple to connect devices to the Internet. Our proven solution featuring fully integrated hardware, software, OS, APIs, cloud services and security dramatically decreases cost and time to market. The Electric Imp platform is reliable and secure, empowering businesses and developers to deploy, manage and quickly scale their connected products and services to millions of users.
  • Website
    http://www.electricimp.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $21,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The new funding brings the total raised to date by the company to $43 million, and will further accelerate the continued rapid growth, development, and global adoption of Electric Imp’s platform by enterprises in commercial and industrial markets.
  • M&A Terms
  • Venture Investor
    Rampart Capital
  • Venture Investor
    Redpoint Ventures
  • Venture Investor
    Undisclosed