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About Memfault
Industries
Data & Analytics
Enterprise Software
Company Size
51-200
Company Stage
Acquired
Total Funding
$155.2M
Headquarters
San Francisco, California
Founded
2018
Overview
Memfault offers solutions for managing and monitoring firmware in embedded systems, such as microcontrollers and Android devices. Their platform provides tools for over-the-air (OTA) updates, release management, and real-time monitoring, allowing developers to quickly identify and fix firmware issues. Operating on a subscription-based model, Memfault also provides an open-source Software Development Kit (SDK) for easy integration. The company's goal is to simplify the maintenance and updating of embedded devices for developers and companies.
Simplify's Take
What believers are saying
- Increased demand for remote diagnostics boosts Memfault's market potential.
- The rise of edge computing aligns with Memfault's real-time monitoring capabilities.
- 5G expansion enhances IoT devices, increasing need for Memfault's solutions.
What critics are saying
- Nordic Semiconductor acquisition may disrupt existing client relationships.
- Integration with Nordic's solutions might face technical challenges.
- Rapid ARR growth could strain Memfault's operational capabilities.
What makes Memfault unique
- Memfault offers a versatile platform for OTA updates and real-time monitoring.
- The company provides an open-source SDK supporting diverse devices and operating systems.
- Memfault engages with developers through its Interrupt Blog and on-demand webinars.
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Funding
Total Funding
$155.2M
Above
Industry Average
Funded Over
4 Rounds
Y CombinatorBenefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Company Equity
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -4%2 year growth
↑ 7%Nordic Semiconductor has acquired Memfault Inc. for $120 million, enhancing its transition from a hardware company to a complete solution provider. The acquisition integrates Nordic's wireless solutions with Memfault's cloud services, creating a comprehensive chip-to-cloud platform for connected products. Memfault's ARR was $7.2 million at the end of 2024, expected to grow by over 50% in 2025. The deal is financed with cash and a $110 million loan, closing in July.
Variscite, a worldwide System on Module (SoM) designer, developer and manufacturer, has announced a partnership with Memfault to expand Variscite SoM management, security and over-the-air (OTA) capabilities.
Through its partnership with Memfault, Conclusive Engineering is enhancing its toolkit to better manage, debug and observe IoT devices, making significant strides in how Conclusive Engineering support its clients post-deployment," says Jakub Klama, CEO of Conclusive Engineering. "
Memfault unveils "Product Analytics" to provide deep insight into IoT device user behavior and product performance.
Memfault has released its inaugural benchmark report, The State of IoT Software Development.
Memfault is Hiring for 4 Jobs on Simplify!
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About Memfault
Industries
Data & Analytics
Enterprise Software
Company Size
51-200
Company Stage
Acquired
Total Funding
$155.2M
Headquarters
San Francisco, California
Founded
2018
Memfault is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today