Device monitoring and management startup Memfault nabs $8.5M
Memfault, a startup developing software for consumer device firmware delivery, monitoring, and diagnostics, today closed an $8.5 million series A funding round. CEO François Baldassari says the capital will enable Memfault to scale its engineering team and make investments across product development and marketing.
Slow, inefficient, costly, and reactive processes continue to plague firmware engineering teams. Often, companies recruit customers as product testers — the first indication of a device issue comes through users contacting customer service or voicing dissatisfaction on social media.