Loading organizations...
Loading organizations...
Based in Los Altos, California, Afero provides a business-to-business Internet of Things platform that supplies secure hardware modules, cloud services, and developer tools for building connected smart devices. The company generates revenue through software licensing, cloud subscription fees, and the sale of secure connectivity chips to consumer electronics, smart home, and industrial clients. The enterprise has raised over $100 million in total venture funding, which includes a $50 million Series C round completed in late 2021 to expand its operations. Afero is backed by notable investors such as Crosspoint Capital Partners and SoftBank, and it operates alongside founding partner Qualcomm. The platform also serves as the primary technology powering the Hubspace line of smart home products for major retail customer The Home Depot. Afero was originally founded in April 2014 by former Danger Research co-founder Joe Britt.
Afero has raised $70.3M across 2 funding rounds.
Afero has raised $70.3M in total across 2 funding rounds.
Afero has raised $70.3M in total across 2 funding rounds.
Afero's investors include Hugh Thompson, Samsung Catalyst Fund, Robert Dobkin, Assembly Fund, Anis Uzzaman, Presidio Ventures, Sanshin Electronics, SoftBank.
Afero has raised $70.3M across 2 funding rounds. Most recently, it raised $50.0M Series C in December 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 8, 2021 | $50.0M Series C | Hugh Thompson | |
| May 19, 2016 | $20.3M Series A | Samsung Catalyst Fund | Robert Dobkin, Assembly Fund, Anis Uzzaman, Presidio Ventures, Sanshin Electronics, SoftBank |
