Electric Imp has raised $15 million in Series B funding from a group of strategic investors that include consumer electronics manufacturing giant Foxconn, along with PTI Ventures and Rampart Capital. The new funding comes on top of about $8 million that Electric Imp raised two years ago from Redpoint Ventures and Lowercase Capital.
In addition to its other investors, founder and CEO Hugo Fiennes put some more of his own money in during this round, thanks to a windfall that he received from the sale of Nest to Google. Fiennes, you see, was one of the early team members there before deciding to strike out on his own and build Electric Imp.
“I found myself flush with Google cash after the Nest acquisition. I’m slightly sad that I didn’t stay because then I’d never have to work again,” Fiennes told me. That said, he sees a much larger opportunity for Electric Imp. “Personally I believe the market Imp is addressing is huger than what Nest could address,” he said.
8-6-2021 (August 6, 2021) is the Snakiest day of the year and it’s also this year’s CircuitPython Day! The day highlights all things CircuitPython and Python on Hardware. See you there!
Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, TinyGO, or even use the Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for CircuitPython, MakeCode, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.
Have an amazing project to share? The Electronics Show and Tell is every Wednesday at 7pm ET! To join, head over to YouTube and check out the show’s live chat – we’ll post the link there.
Join us every Wednesday night at 8pm ET for Ask an Engineer!
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Python for Microcontrollers — Python on Microcontrollers Newsletter: EuroPython 2021, CircuitPython 7.0.0 alpha 5 and more! #Python #Adafruit #CircuitPython @micropython @ThePSF
Adafruit IoT Monthly — Forest Fire Beacons, IoT for Beginners, and more!
Microsoft MakeCode — MakeCode for the micro:bit - 2021 Release!
EYE on NPI — Maxim’s Himalaya uSLIC Step-Down Power Module #EyeOnNPI @maximintegrated @digikey
New Products – Adafruit Industries – Makers, hackers, artists, designers and engineers! — New Products 7/28/21 w/ Adafruit MCP9601 (MCP96L01) I2C Thermocouple Amplifier – STEMMA QT /Qwiic!
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