Nordic Semiconductor Buying Connected Product Cloud Platform Company Memfault
Summary
Nordic Semiconductor has acquired Memfault, a cloud platform company for large-scale connected device deployments. The combined platform will bring device observability, secure OTA updates, and lifecycle management into Nordic’s broader nRF Cloud and product portfolio. Nordic says the deal will simplify development, improve security and reliability, and reduce time-to-market for connected-product makers. The company also says it will continue supporting existing Memfault customers regardless of hardware choice.
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Memfault
$1M to $5M