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§ Private Profile · London, England, United Kingdom
Provides a secure, open-source Linux platform and DevSecOps toolchain for IoT and edge devices, focused on full lifecycle management for OEMs.
Based in Cambridge, England, Foundries.io provides a secure, open-source Linux platform and cloud-native DevSecOps toolchain for managing the full software lifecycle of IoT and edge computing devices. The company operates on a fixed, no-royalty subscription model, serving original equipment manufacturers and systems integrators across multiple industries, with notable customers such as Arduino. Prior to its strategic acquisition, the enterprise scaled its operations to 35 employees and secured $8 million in Series A funding from institutional investors including IQ Capital, Crane Venture Partners, and Backed VC. In March 2024, the business was officially acquired by the Qualcomm Innovation Center, where it currently operates as an independent subsidiary to advance embedded software development. Foundries.io was originally founded in 2017 by a team of seven engineers and executives, led by primary founders Ian Drew and George Grey.
Foundries.io has raised $11.5M across 2 funding rounds.
Foundries.io has raised $11.5M in total across 2 funding rounds.
Foundries.io has raised $11.5M in total across 2 funding rounds.
Foundries.io's investors include Ed Stacey, Backed, Crane Venture Partners.
Foundries.io has raised $11.5M across 2 funding rounds. Most recently, it raised $8.0M Series A in June 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 17, 2021 | $8M Series A | ED Stacey | Backed, Crane Venture Partners | Announced |
| Oct 22, 2019 | $3.5M Venture Round | Crane Venture Partners | Backed | Announced |