$3.5 million funding for FoundriesFactory

October 23, 2019 //By Julien Happich
Edge security
Foundries.io announced it has secured a $3.5M funding round to advance its secure operating system platform. With this investment, the startup aims to accelerate the rollout of FoundriesFactory, a self-service subscription solution providing turn-key services to develop, secure, deploy and maintain embedded, IoT or Edge products.

The self-service solution enables businesses to minimize and manage their maintenance and support costs. It provides secure boot firmware and customizable operating system software updates, as well as build and test infrastructure with the latest software and security updates included.

Over the last 12 months both the UK and Europe have increased the standards and regulations relating to securing IoT devices. These regulations will drive new requirements for security and this is precisely what Foundries.io fulfils.

“Building today’s IoT & Edge devices requires more than just an OS - Foundries.io delivers a flexible software solution for development, testing, deployment and maintenance of IoT devices. Our commercial FoundriesFactory solution enables customers to customise and future proof their products using an innovative subscription-based lifetime model. There is no lock in, no access to our customers’ data, and no per unit costs. With Crane Venture Partners and Backed VC we have investors who share our vision on the impact we can deliver with a unifying software platform for the IoT market”, said Foundries.io’ CEO George Grey.

Foundries.io – www.foundries.io


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