Runtime Raises $7.5m in Funding
Summary
Runtime, a Redwood City, California–based startup leveraging open source for connected devices, raised $7.5m in funding.Backers included New Enterprise Associates (NEA), Foundation Capital, and DHVC.The company will use the funds to continue to expand operations and increase its reach.Co-founded by CEO James Pace and CTO Sterling Hughes, Runtime provides cloud-based management of connected devices and is a complete solutions provider for consumer, medical, commercial, and industrial IoT applications.Companies around the world are already deploying Runtime for Internet of Things (IoT) and Industrial Internet of Things (IIoT) implementations including smart cities, agriculture, fleet management, smart security, and more.
Funding
Amount
$7.5M
Total raised
Date
September 5, 2017
Announcement date
Investors
-
Lead investors
Company
http://www.runtime.io
Funded company
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