The company, which provides tools for building and managing connected devices, says it sees its next steps as enabling fleet owners to have the ability to order devices with a single click and receive them pre-loaded with their software and ready to install.
“We believe that edge computing is the next major computing paradigm, and it needs a scalable development platform to match,” says balena CEO Alexandros Marinos. “We’re building that platform and making the edge accessible to mainstream developers.”
The company, originally known as Resin.io, offers a software platform that reduces the amount of work required to set up and manage internet-connected devices. The company’s technology is used in applications ranging from robotics and manufacturing to transport and building management.
“The edge has unique characteristics, including heterogeneous hardware, networking, and physical environments, that require a new platform, one that has been purpose-built from the ground up,” says Marinos. “A platform with a complete set of tools that solve the intricate challenges faced by fleet owners – which is exactly what we’ve built.”
In 2016 the company launched its balenaOS connected device operating system as a standalone open source project. BalenaOS is offered as a simple yet powerful operating system tailored for containers and built for the embedded world.
Earlier this year the company launched its first hardware product, the balenaFin, a carrier board designed for the Raspberry Pi Compute Module 3 and 3+. The Fin. says the company, was built to address issues users were experiencing when trying to scale their hardware. The balenaFin can run all the software that the Raspberry Pi can run, but is hardened for deployment in the field.
The latest funding was led by OpenView with participation from existing investors including Threshold Ventures, Aspect Ventures, and GE Ventures. The company, which was founded in 2013, has now raised more than $31 million in total capital.