Seattle-based internet of things and paas company Balena has secured $14 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on July 24 and led by OpenView Venture Partners.
According to its Crunchbase profile, "Balena is a container-based platform to develop, deploy and manage code running on remote devices — quickly, safely and at scale. Our goal is to empower you to write great applications for connected devices without having to worry about the friction involved in getting your hardware working and keeping your application up to date. We enable users across a variety of IoT use cases including retail, smart buildings, home automation, and industrials, to get to market faster, improve security, develop iteratively, deploy updates frequently, and deliver more value to end-users."
The seven-year-old company has raised three previous funding rounds, including a $5 million round in 2018.
The round brings total funding raised by Seattle companies in software over the past month to $290 million, an increase of $199 million from the month before. The local software industry has seen 110 funding rounds over the past year, yielding a total of $1.9 billion in venture funding.
In other local funding news, edtech and solar company University of Washington announced a $5 million grant on July 22, financed by Knight Foundation.
According to Crunchbase, "University of Washington is an educational institution that provides undergraduate, graduate and research programs. The institution offers courses in business, social sciences, science, law, medicine, public affairs and many other subjects. The schools of the university include College of Engineering, School of Dentistry, College of Architecture and Urban Planning, School of Pharmacy, School of Public Health and Community Medicine, Dissertation Help , School of Business, School of Humanities and Sciences, School of Law, School of Nursing, College of Ocean and Fishery Sciences and School of Medicine."
Founded in 1861, the company has raised five previous rounds, including a $3 million grant in 2018.
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