Particle

San Francisco, United States Founded: 2011 • Age: 15 yrs Acquired By Digi International
IoT connectivity platform from prototype to production is developed.
Annual revenue - Latest available
Total funding $134.9M 8 rounds
Employees 109 Tracked headcount
Investors 14 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

About Particle

Particle is a company based in San Francisco (United States) founded in 2011 by Zach Supalla was acquired by Digi International in January 2026. Particle has raised $134.87 million across 8 funding rounds from investors including Digi International, Qualcomm Ventures and Energy Impact Partners. The company has 109 employees as of December 31, 2022. Particle has completed 2 acquisitions, including RedBear and redbearlab.com. Particle operates in a competitive market with competitors including ecobee, MRI Software, PTC, Signify and Landis+Gyr, among others.

  • Headquarter San Francisco, United States
  • Employees 109 as on 31 Dec, 2022
  • Founders Zach Supalla
  • Sectors
    Technology
    Business Services Energy & Utilities
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Particle Industries, Inc
Operational Areas
Technology → Internet of Things (IoT) & Connectivity Unlock Sub-Sector Unlock Segment
Business Services → Facility, Security & Field Operations Unlock Sub-Sector Unlock Segment
Energy & Utilities → Energy Storage & Efficiency Unlock Sub-Sector Unlock Segment
Technology → Semiconductors, Electronics & Hardware Unlock Sub-Sector Unlock Segment
Technology → Software Development & Engineering Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $134.87 M (USD)

    in 8 rounds

  • Latest Funding Round
    $4.96 M (USD), Series C

    Mar 13, 2025

  • Investors
  • Employee Count
    109

    as on Dec 31, 2022

  • Investments & Acquisitions
    RedBear

    & 1 more

  • Acquired by
    Digi International

    (Jan 27, 2026)

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People of Particle

Headcount 50-200
Employee Profiles 45
Employee Profiles
People
Alyssa Renninger
Senior People Business Partner
People
Max Cannon
SMB Account Executive
People
Mohit Bhoite
Senior Hardware Engineer II
People
Cole Abbeduto
Senior Software Engineer I

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Funding Insights of Particle

Particle has successfully raised a total of $134.87M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $4.96 million completed in March 2025. 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.

Investors in Particle

Particle has secured backing from 14 investors, including venture fund investors. Prominent investors backing the company include Digi International, Qualcomm Ventures and Energy Impact Partners.

All
Venture Fund
Investor Description Founded Year Domain Location
Venture capital investing in technology sectors such as AI and automotive.
Locked Locked Locked
Venture capital fund focused on growth-stage startups
Locked Locked Locked
Seed stage venture capital firm investing in deep tech in San Francisco.
Locked Locked Locked
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Investor details for Particle

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  • Investor domains
  • Investor locations
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  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Particle

Particle has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include RedBear and redbearlab.com.

Investments
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Investment portfolio details for Particle

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Hardware products for IoT applications are developed by RedBear.
Locked Locked 2013 Locked
Equipment for wireless devices is distributed by RedBearLab.
Locked Locked 2011 Locked
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Complete acquisition details for Particle

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Financial Statements - Particle

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Detailed financials for Particle

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Particle Comparisons

Particle Primary company
Description
IoT connectivity platform from prototype to production is de...
Location
San Francisco, United States
Founded Year
2011
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
109
As of 2022
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Peer comparison for Particle

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Competitors of Particle

Particle 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 ecobee, MRI Software, PTC, Signify and Landis+Gyr, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Provider of smart thermostats for commercial and residential applications
Locked Locked Locked
Property management software is provided for residential and commercial properties.
Locked Locked Locked
PTC is recognized as a global leader in product lifecycle management software.
Locked Locked Locked
Signify is recognized as a global leader in lighting solutions.
Locked Locked Locked
End-to-end energy management solutions are provided for utilities worldwide.
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Detailed competitors of Particle

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Latest news on Particle

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Complete news archive for Particle

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Particle

Particle was founded in 2011 and raised its 1st funding round 3 years after it was founded.

Particle is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.

Zach Supalla is the current CEO of Particle. They have also founded this company.

Particle is a funded company, having raised a total of $134.87M across 8 funding rounds to date.

As of Dec 31, 2022, the latest employee count at Particle is 109.

Founded in 2011 in San Francisco, United States, Particle operates in the Internet of Things sector. A platform is provided to enable connectivity in devices from prototyping through to production phases. Core offerings include the Photon Wi-Fi module and Electron 2G3G cellular module, used by designers and developers for integration purposes. Emphasis is placed on supporting individual creators over enterprise applications.

Particle's top competitors include ecobee, Landis+Gyr and Signify.

Particle has made 2 acquisitions, including RedBear, and redbearlab.com.

Particle has 14 investors. Key investors include Digi International, Qualcomm Ventures, Energy Impact Partners, Root Ventures, and Bonfire Ventures.

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