We’re completely satisfied to announce that Arduino raised a further $22 million spherical, taking our Sequence B funding to $54 million, due to an enlargement co-led by CDP Enterprise Capital and Anzu Companions. Becoming a member of them is semiconductor chief Arm, following up on earlier investments.

CDP Enterprise Capital, Italy’s largest VC agency, invested via Giant Ventures, launched in 2023 to help the scaling up of Italian international class leaders. “We’re proud to help the dimensional leap of Arduino, a singular international excellence within the democratization of open-source {hardware} and software program,” stated Mario Branciforti, Head of CDP Enterprise Capital SGR’s Giant Ventures fund. 

After the primary $32 million Sequence B financing obtained in 2022, “This funding will permit us to additional gas our transformational platform initiative for skilled clients, decreasing the obstacles to entry in IoT and AI by offering a continuum from {hardware} to Cloud,” says Arduino’s CEO Fabio Violante. 

Need to know extra about how the funds will probably be put to good use? A significant chunk will probably be invested to additional strengthen the R&D staff based mostly in Turin, Italy, with the objective to develop enterprise software libraries and the Arduino Cloud for Enterprise with extra integrations and embedded AI options. One other constant half is earmarked to assist Arduino develop much more within the US, the place we not too long ago opened an workplace in Austin, TX and bolstered our presence in Chicago, IL. Lastly, we are going to use the extra funds to speed up go-to-market initiatives and buyer help in chosen areas.

“Arduino got here a great distance from its humble starting, turning into a robust industrial device utilized by cutting-edge organizations everywhere in the world. I’m honored by this funding which is an additional affirmation that our authentic system retains making use of to new domains.”

Massimo Banzi, Arduino’s co-founder, chairman and CMO

This continued and increasing confidence from buyers displays the standard of the work we’ve been capable of do, constructing a worldwide firm based mostly on the sturdy values we share with each consumer in our wonderful neighborhood. 

In line with Jimmy Kan, Accomplice at Anzu Companions, “The enterprise ecosystem is on the cusp of a seismic transformation, pushed by the convergence of environment friendly AI and IoT on the edge. Arduino stands on the coronary heart of this revolution, and their dedication to innovation guarantees to redefine the trade norms.” Making expertise accessible stays our mission, as a result of the important thing to our success is empowering customers: “Arduino helps an in depth neighborhood of builders who play a vital function in accelerating the deployment of latest computing options for IoT functions,” says Paul Williamson, senior vice chairman and basic supervisor, IoT Line of Enterprise at Arm. 

Amidst nice change, we take our function as enablers of innovation critically, and try to leverage each useful resource we are able to entry to broaden our platform, sustain our ahead momentum, and at all times improve our service to you – so you’ll be able to create the world we are going to reside in.