Stripes
Assembly Line
Memfault Raises $24 Million in Series B Funding to Supercharge its IoT Reliability Platform
Memfault, the provider of the first IoT reliability platform, announced today a $24M series B funding round. The round was led by Stripes with additional participation from existing investors Partech Partners and Uncork Capital as well as the 5G Open Innovation Lab. The funding will support the company’s product roadmap and partner development, and grow the Memfault team across all areas to address rising enterprise demand.