Memfault

Firmware management and monitoring solutions

San Francisco, California, United States

About Memfault

Memfault provides solutions for managing and monitoring firmware in embedded systems, which include devices like microcontrollers, Android devices, and embedded Linux systems. Their platform offers tools for over-the-air (OTA) updates, release management, and real-time monitoring, enabling developers to efficiently identify and fix firmware bugs, thus enhancing product reliability. Memfault's open-source Software Development Kit (SDK) supports various devices and operating systems, making it easy to integrate. Operating on a subscription-based Software-as-a-Service (SaaS) model, clients pay for access to Memfault's tools, including a web application and cloud API, with additional revenue from premium features. The company also engages with the developer community through blogs and webinars, establishing itself as a leader in the embedded systems field. Memfault's goal is to simplify the maintenance and updating of embedded devices for developers and companies.

San Francisco, CaliforniaHeadquarters
2018Year Founded
$34.2MTotal Funding
SERIES_BCompany Stage
Data & Analytics, Enterprise SoftwareIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Company Equity

Risks

Increased competition may pressure Memfault's market share and pricing strategies.
Rapid tech advancements require costly updates to Memfault's platform.
Potential security vulnerabilities in open-source SDK could impact client trust.

Differentiation

Memfault offers a versatile platform for OTA updates and real-time monitoring.
Their open-source SDK supports a wide range of devices and operating systems.
Memfault's platform simplifies firmware management for embedded systems developers.

Upsides

Increased demand for remote diagnostics boosts Memfault's platform growth opportunities.
Edge computing trends align with Memfault's core offerings, expanding market reach.
Bluetooth Low Energy adoption offers new avenues for Memfault's deployment solutions.

Funding

Total raised$34.19 M
Latest valuation$120.00 M
StageSERIES_B
SERIES A
3/31/2021
$8
$42.50 M
$2
$12.50 M