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