DFJ, GE Ventures, Ericsson, and Aspect Ventures Make Strategic Investment in Emerging Start-up to Modernize Deployment to Connected Devices
Seattle, WA, June 27, 2016 -- Resin.io, provider of a modern DevOps management platform for connected devices, today announced that it has secured $9 million in funding from DFJ, GE Ventures, Ericsson, and Aspect Ventures. Resin.io was founded in 2013 with a mission to use Linux containers and other open technologies to simplify the way developers build, deploy, and manage software for IoT devices. Since then, businesses across a range of vertical industries have adopted the resin.io platform to safely and iteratively deliver software over the air for security patches, new feature deployments and device configuration changes. The new round of funding will be used to expand the company's product footprint, grow its open source community, and broaden its global reach through new strategic partnerships and channels.
"As billions of complex devices come online, IoT project leaders are faced with the dual challenges of safety and speed. They must securely maintain mission-critical remote devices, while also delivering new software features and functionality to their customers." said Alexandros Marinos, Founder & CEO of resin.io. "Resin.io is a modern software deployment and management platform that builds on Docker, Git, Yocto and other open technologies to solve these challenges. With the support of GE Ventures and Ericsson we are exceptionally well positioned to help IoT project leaders use software as a strategic advantage."
The management challenge for IoT devices is impacting companies across every major industry. Whether it's a major retailer employing industrial lighting systems across hundreds of stores, a manufacturing firm struggling to keep track of expensive inventory in real-time, or the next generation of connected home devices that require frequent firmware updates, the massive scale and complexity of these connected devices is causing a slew of new problems for companies with wide-scale IoT deployments. With resin.io, device fleet owners can corral all of their connected devices into a unified console, enabling developers to iterate faster, securely push updates to hundreds or thousands devices at once, and gain ongoing visibility into the overall health of their device fleet.
"Advancing the Industrial Internet requires the ability to deploy and manage software in remote environments," said Sam Cates, Director at GE Ventures, a unit of General Electric Co. (NYSE:GE). "resin.io is uniquely positioned to bring the speed and safety of DevOps to the Industrial Internet and we are excited to help them do so."
"In a world of end-point liberation, software becomes the means of innovation and where billions of connected devices perform increasingly complex tasks, traditional over the air (OTA) update approaches are simply not enough," said Diomedes Kastanis, VP, and Head of Technology and Software Solutions for Ericsson. "We are thrilled to support resin.io as it helps transform entire industries with the ability to safely deploy new software containers whenever and wherever is necessary."
Resin.io brings modern DevOps tools and practices to the Internet of Things. Resin.io's software deployment and management platform makes it simple to deploy, update, and maintain code running on Linux-based connected devices regardless of their location. With resin.io, businesses and developers can jumpstart their IoT projects and applications quickly, slashing development time, cost, and management overhead. Resin.io has offices in Seattle, Washington, London, England, and Athens, Greece. For more information go to https://resin.io
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