Renesas Electronics is investing $10m in the Series B funding round for open source board and tool maker Arduino.
Other investors in the $32m round include Robert Bosch Venture Capital, Anzu Partners and ARM.
Arduino was first developed as an easy-to-use tool for fast prototyping aimed at students without a background in electronics and programming but has since expanded to offer tools for professional engineers with a community of 30m developers.
Renesas has been working with the group for a while as part of Arduino’s plans to expand its portfolio of hardware, software, connectivity and developer tools for professionals and into the enterprise, as discussed in an eeNews Europe interview with Dr Sailesh Chittipeddi, Executive Vice President and General Manager of IoT and Infrastructure Business Unit.
The funding will also provide Arduino with access to a new level of technology with Renesas’ industry-leading technology portfolio, including MCUs/MPUs, analog, power, and connectivity products.
The Arduino deal aims to boost Renesas’ global strategy of reaching a broader range of customers by enabling designers around the world access to Arduino’s open-source platform.
“We are excited to be part of Arduino’s new strategy, and provide them more options by giving access to Renesas’ extensive technology, tools, and customer base,” said Chris Allexandre, Senior Vice President, Head of Sales and Corporate Digital Marketing, IoT and Infrastructure Business Unit at Renesas who will join the board of Arduino. “We look forward to working together to accelerate Arduino’s open-source technology and provide engineers in the enterprise easier access to it.”
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