Arduino (Series B)

Funding Details
Awarder
SemiNews
Date Award
September 06, 2023
Vertical
Open-source hardware and software
Funding URL
View Funding Page
Valuation
$54,000,000
Funding Amount:
$22,000,000

Company Info
Traction
Arduino has been a ubiquitous name across electronics in the last decade, with more than 680,000 professional engineers identifying Arduino as one of their core skills on LinkedIn. The renewed emphasis on domestic manufacturing investments in many countries, including the United States, further bolsters this strategic alignment for tech-oriented jobs.
Organizations Involved
U.S. Air Force, Bain Capital, SpaceX, Lockheed Martin
Founders
Massimo Banzi
Company Description
Arduino is an open-source electronic prototyping platform allowing users to create interactive electronic objects.
Market
IoT, automation, Industry 4.0, and machine learning at the edge
Location
Lugano, Switzerland
Coinvestors
CDP Venture Capital, Anzu Partners, Arm

Links