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§ Private Profile · Los Altos, CA, USA
IoT connectivity platform provider simplifying connection, security, and management of IoT devices for developers and manufacturers.
Electric Imp has raised $44.0M across 3 funding rounds.
Key people at Electric Imp.
Electric Imp was founded in 2011 by Kevin Fox (Co-Founder).
Electric Imp has raised $44.0M in total across 3 funding rounds.
Electric Imp provides an Internet of Things connectivity platform that manages the technical process of securing and connecting wireless devices from initial prototype through production and deployment. Serving developers and hardware manufacturers across multiple sectors, the platform utilizes specialized wireless modules and integrated cloud services to support connected products in residential and commercial environments. Prior to its corporate acquisitions, the enterprise raised approximately $44 million in total venture financing and embedded its proprietary chips into about 500,000 active devices. The company secured strategic capital from prominent institutional investors including Foxconn, Redpoint Ventures, and Lowercase Capital to scale its infrastructure before ultimately being acquired by Twilio in 2020. Following this transaction, the standalone entity transitioned to zero independent employees as its core technology was subsequently absorbed into the operations of KORE Wireless. Electric Imp was founded in 2011 by Hugo Fiennes.
Key people at Electric Imp.
Electric Imp builds an integrated IoT connectivity platform that combines hardware modules, secure operating system, cloud services, APIs, and device management to simplify connecting devices to the cloud.[1][2][4] It serves enterprises worldwide, including over 100 customers like Fortune 500 companies, in sectors such as asset monitoring, logistics, predictive maintenance, manufacturing automation, and connected commerce.[1][2][7] The platform solves the complexity of IoT deployments by enabling rapid proof-of-concept to mass-scale operations with reduced costs, time-to-market, and security risks, supporting over 1.5 million devices through a scalable edge-to-enterprise architecture.[2][4]
Founded in 2011 as a private company in the United States, Electric Imp emerged to address the challenges of connecting everyday devices to the internet via a WiFi-enabled solution that integrated hardware, software, and cloud services.[1][3] The company gained early traction in smart home security and automation, evolving to support broader enterprise IoT applications amid rising demand for machine-to-machine communication and automation.[3] Key milestones include raising $43.9M in funding before its acquisition by Twilio on July 9, 2020, and later integration with KORE Wireless and partnerships like Murata, with recent advancements like the imp006 module for cellular, Wi-Fi, and BLE connectivity.[1][2][3][6]
Electric Imp rides the explosive growth of IoT, where connected devices enable automation, predictive maintenance, and data-driven efficiency across industries like manufacturing, logistics, and security.[1][2][3][7] Its timing aligns with the shift to 5G, edge computing, and cellular IoT standards (e.g., CAT-M1/NB-IoT), addressing market forces like rising cybersecurity threats and the need for scalable, low-friction connectivity amid billions of deployed devices.[6] By simplifying greenfield and brownfield integrations, it influences the ecosystem through over 100 enterprise deployments, fostering developer adoption and partnerships that accelerate IoT commercialization.[2][5]
Post-acquisition by Twilio and alignment with KORE Wireless, Electric Imp is positioned to expand via advanced modules like imp006, targeting hybrid connectivity demands in enterprise IoT.[1][6] Trends like AI-driven analytics, hyper-automation, and global 5G rollout will propel its growth, potentially enhancing cross-module compatibility and manufacturing workflows.[2][5] Its influence may evolve toward deeper integration in edge-to-cloud ecosystems, empowering more frictionless, secure deployments that scale IoT from prototypes to global operations—building on its legacy of simplifying connectivity for the connected world.[4][7]
Electric Imp has raised $44.0M across 3 funding rounds. Most recently, it raised $21.0M Series C in April 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2016 | $21M Series C | Rampart Capital | Animoca Brands, Greycroft, Innovent Capital Group, Raine Ventures, Redpoint Ventures, Theory Ventures, Matt Coffin, Redpoint Ventures | Announced |
| Aug 13, 2014 | $15M Series B | — | Hugo Fiennes, Young LIU, PTI Ventures, Rampart Capital | Announced |
| May 1, 2012 | $8M Series A | Lowercase Capital, Tomasz Tunguz | Animoca Brands, Greycroft, Innovent Capital Group, Raine Ventures, Redpoint Ventures, Theory Ventures, Matt Coffin | Announced |
Electric Imp was founded in 2011 by Kevin Fox (Co-Founder).
Electric Imp has raised $44.0M in total across 3 funding rounds.
Electric Imp's investors include Rampart Capital, Animoca Brands, Greycroft, Innovent Capital Group, Raine Ventures, Redpoint Ventures, Theory Ventures, Matt Coffin, Hugo Fiennes, Young Liu, PTI Ventures, Lowercase Capital.