About Memfault
Memfault is a company based in San Francisco (United States) founded in 2015 by Tyler Hoffman and Chris Coleman was acquired by Nordic Semiconductor in June 2025.. Memfault has raised $35 million across 3 funding rounds from investors including Partech Partners, Nordic Semiconductor and Stripes. Memfault offers products and services including Observability Platform and OTA Updates. Memfault operates in a competitive market with competitors including Automox, Celeno, Xyte, Hara and Kii, among others.
- Headquarter San Francisco, United States
- Founders Tyler Hoffman, Chris Coleman
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Memfault, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35 M (USD)
in 3 rounds
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Latest Funding Round
$24 M (USD), Series B
Jan 24, 2023
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Investors
Partech Partners
& 6 more
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Employee Count
Employee Count
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Acquired by
Nordic Semiconductor
(Jun 24, 2025)
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Products & Services of Memfault
Memfault offers a comprehensive portfolio of products and services, including Observability Platform and OTA Updates. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for real-time IoT device performance monitoring and diagnostics.
Service for deploying and monitoring over-the-air firmware updates.
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Funding Insights of Memfault
Memfault has successfully raised a total of $35M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $24 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $24.0M
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First Round
First Round
(15 Nov 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series B - Memfault | Valuation | Stripes | |
| Apr, 2021 | Amount | Series A - Memfault | Valuation | Partech Partners | |
| Nov, 2019 | Amount | Seed - Memfault | Valuation | Uncork Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Memfault
Memfault has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Partech Partners, Nordic Semiconductor and Stripes. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Global investments are made in product-led growth companies.
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Founded Year | Domain | Location | |
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Startup studio focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital is provided to global tech startups and scale-ups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Memfault
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Memfault
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Memfault Comparisons
Competitors of Memfault
Memfault operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Automox, Celeno, Xyte, Hara and Kii, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based patch management for network systems is facilitated.
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| domain | founded_year | HQ Location |
Provides high performance WiFi chips and software
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| domain | founded_year | HQ Location |
Cloud-based servitization platform is provided for OEM connected devices.
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| domain | founded_year | HQ Location |
Energy and sustainability management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Mobile Backend-as-a-Service and IoT cloud platform are offered by Kii.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Memfault
Frequently Asked Questions about Memfault
When was Memfault founded?
Memfault was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Memfault located?
Memfault is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Memfault a funded company?
Memfault is a funded company, having raised a total of $35M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Nov 15, 2019.
What does Memfault do?
Memfault was founded in 2015 and is headquartered in San Francisco, United States. Developer tools, firmware delivery, monitoring, and diagnostics are offered to consumer electronics companies. Real-time error visibility is provided for field devices, along with infrastructure for targeted fixes. Deployment status, version adoption, metrics, trends, backtraces, and reset analytics are tracked. The platform supports firmware deployment to bare-metal and RTOS environments in low-level devices.
Who are the top competitors of Memfault?
Memfault's top competitors include Automox, Hara and Arch Systems.
What products or services does Memfault offer?
Memfault offers Observability Platform and OTA Updates.
Who are Memfault's investors?
Memfault has 7 investors. Key investors include Partech Partners, Nordic Semiconductor, Stripes, 5G Open Innovation Lab, and Uncork Capital.
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