IoT Device Management Platform Resin.io Raises Funding From Japanese VC Firms
Japanese VC firms Global Brain and KDDI recently pledged a $5 million investment to Resin.io.
Resin.io is an ingenious startup that provides a comprehensive management platform for Linux based IoT devices. The platform provided by Resin is being adopted globally in various size companies, from SME to large organizations in various domains.
According to KDDI, Resin.io brings compatibility with a wide range of IoT devices to the Linux-based development tools for software developers. While broadening the scope of work for IoT service developers, this will provide an automatically expandable platform for secure IoT device management. No financial details related to the investment have been disclosed yet.
The investment is being carried out by the Soracom IoT Fund Program, an investment program of KDDI Group. The project is anticipated to include business collaboration with KDDI group company Soracom. Through the strategic business partnership with Resin.io, Soracom will work on IoT terminal devices to build an IoT platform that covers the full range from devices to telecommunications to cloud computing.
The investment is the first from the Soracom IoT Fund Program, whose mission is to identify and support innovative companies advancing the state-of-the-art in IoT.
The CEO of Resin.io, Alexandros Marinow, when asked about the new funds said:
“Resin.io has succeeded by delivering a platform that helps developers manage the many challenges of building and deploying software to devices on the edge. At the same time, Soracom has solved the problem of providing simple and secure connectivity for edge devices. Taken together, these solutions provide developers with a critical infrastructure for their IoT projects, freeing up organizations to focus on building their fleets and growing their business.”