IoT Security Startup Particle Raises $40M

Particle,  a platform for Internet of Things devices, has raised $40 million in its latest round of funding.

Qualcomm Ventures  and Energy Impact Partners led the Series C raise, with backing from existing investors including Root Ventures, Bonfire Ventures, Industry Ventures, Spark Capital, Green D Ventures, Counterpart Ventures and SOSV.

With its latest round of funding, Particle has raised $81 million to date.

The San Francisco-based startup provides the back-end for its customers to bring Internet of Things devices to market without having to shell out for their own software infrastructure. The platform aims to be the all-in-one solution for IoT devices, with encryption and security, as well as data autonomy and scalability.

IoT security startup Particle raises $40M in Series C