After more than two years in development we have accomplished two major milestones in the last month. We have announced our first equity round of $3.5M, and we have introduced FoundriesFactory - a cloud service to help companies development secure, deploy and continually maintain products through their complete lifecycle - for IoT and Edge applications, accelerating time to market and reducing costs.
Cambridge, UK, 22nd October 2019: Foundries.io, a leading open IoT platform company, today announces a $3.5M funding round to advance its secure operating system platform. The round is led by Crane Venture Partners, with participation from Backed VC.
Edge devices are now at the frontline of security attacks on manufacturing and enterprise organisations. Hackers are extorting more money out of a wider range of companies and corporations, with the latest estimates being that attacks have increased by 500% in the last year.
Brings secure, supportable longevity to IoT installed devices
LONDON, UK; 5 June 2019: Foundries.io, innovator in the deployment of Linux and Zephyr for Edge and IoT solutions, announces key customers showcasing its ability to provide secure, supportable platforms, realising the full value of IoT.
IoT has experienced large levels of hype over recent years but is now turning into a reality with over 30 billion* IoT devices expected to be connected by 2020. This has moved IoT from early installs to full production and ongoing maintenance.
Recently the Linux Foundation launched LF Edge as an umbrella organisation to establish an open interoperable framework for edge computing, independent of hardware, silicon, cloud or operating system. This is very close to Foundries.io’s heart and mission.