When was Balena founded?

Balena was founded in 2013 and raised its 1st funding round within a year of its incorporation.

Where is Balena located?

Balena is headquartered in London, United Kingdom. It is registered at Seattle, Washington.

Who is the current CEO of Balena?

Alexandros Marinos, Phil Wilson, Konstantinos Mouzakis and Chris Crocker-White s of Balena.

Which legal entities is Balena associated with?

Balena is associated with BALENA LTD and 3 others.

How many employees does Balena have?

As of Jun 30, 2026, the latest employee count at Balena is 72.

Is Balena a funded company?

Balena is a funded company, having raised a total of $101M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 30, 2013.

How much is Balena worth?

The latest valuation of Balena is $***** as of Jul 17, 2019.

When was the latest funding round of Balena?

Balena's latest funding was a $***** Series C round on Jan 20, 2026, with participation from 1 investor.

Where does Balena rank among its competitors?

Balena ranks 6th amongst 343 active competitors, of which 33 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Elemental Machines, which secured $5.7M in Apr, 2026.

Who are the top competitors of Balena?

Balena's top competitors include Kontakt, UnaBiz and Elemental Machines. Among them, Elemental Machines secured the most recent funding round in April, 2026.

Balena - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Balena, fka Resin, is a provider of an infrastructure needed to develop, deploy, and manage fleets of connected devices at scale. Its chief offering is balenaCloud which is a container-based platform for deploying IoT applications. In addition, the ecosystem comprises of balenaOS which is an operating system tailored for containers, balenaEtcher which is an open source tool to make device provisioning easy and to flash balenaOS images on the devices, balenaFin which is a carrier board for the Raspberry Pi module and comes with reliable storage, industrial power, flexible networking, real-time and low-power capabilities, among others. As of November 2018, the pricing of the platform starts at $99 per month. Clientele includes Intale, Pact, Enerbrain, Sense, TAPP, Open Energi, among others.

Website: www.balena.io/
Social
Email ID: *****@balena.io
Registered Address: Seattle, Washington

Key Metrics

Founded Year

2013

Location

London, United Kingdom

Stage

Series C

Total Funding

$101M in 8 rounds

Latest Funding Round

Series C, Jan 20, 2026, $*****

Post Money Valuation

$***** as on Jul 17, 2019

Investors

DFJ & 40 more

Ranked

6^th among 343 active competitors

Employee Count

72 as on Jun 30, 2026

Similar Companies

Kontakt & 463 more

View Balena's full profile

Balena is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BALENA CIN: 40103507393 , Latvia, Deadpooled	Feb 01, 2012	€0 - €1M (As on Dec 31, 2020)	3 (As on Dec 31, 2020)	-
BALENA LTD CIN: 7794151 , Germany, Active	Oct 02, 2011	-	20 (As on Jan 31, 2022)
BALENA INC CIN: 472103609 , United States, Active	Dec 31, 1999	-	9 (As on Dec 31, 2024)	-
BALENA LTD CIN: 07794151 , United Kingdom, Active	Oct 03, 2011	-	-

Balena has raised a total funding of $101M over 8 rounds. Its first funding round was on Sep 30, 2013. Its latest funding round was a Series C round on Jan 20, 2026 for $*****. 1 investor participated in its latest round. Balena has 15 institutional investors and 26 angel investors.

Here is the list of recent funding rounds of Balena:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 20, 2026	9358875	Series C	9867367	6061280	4731903	9219287
Sep 10, 2019	4292505	Series B	9986247	9021029	7923073	7175729
Jul 17, 2019	3313273	Series B	6669326	5472047	OpenView	Threshold & 2 more

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View details of Balena's funding rounds and investors

The founders of Balena are Petros Angelatos, Pagan Gazzard and Alexandros Marinos. Konstantinos Mouzakis, Phil Wilson and Chris Crocker-White are the CEOs of Balena.

Here are the details of Balena's key team members:

Petros Angelatos: Former Co-Founder & CTO of Balena. They serve on the board of 1 company.
Contact Info: 1 email address
Pagan Gazzard: Co-Founder of Balena. They serve on the board of 1 company.
Contact Info: 1 email address
Alexandros Marinos: Former Co-Founder & CEO of Balena. They serve on the board of 1 company.
Contact Info: 1 email address
Phil Wilson: Co-CEO of Balena.
Konstantinos Mouzakis: Co-CEO of Balena.

Balena's Board of Directors

Balena's board has 5 active members. Alexandros Marinos is part of team and Alison Davis, John Craven, Raymond Ozzie and Bernt Tallaksen are independent board members.

Here is the list of Balena's board of directors:

Name	Type	Representing	Status	Duration
Alexandros Marinos	Team	-	Current	14y 9m
vliurvq	Team	-	Past	2y 2m
blrntwf	Team	-	Past	7y 5m
Alison Davis	Independent board member	-	Current	5y 11m
oqpfzbh	Independent board member	-	Current	9y 5m
xubkhrk	Independent board member	-	Current	3y 7m
gidzlyq	Independent board member	-	Current	2y 4m
tknsgfh	Independent board member	-	Past	2y 1m
pnloohs	Independent board member	-	Past	7y 9m

View details of Balena's Founder profiles and Board Members

Balena's employee count trend

Balena has 72 employees as of Jun 26. Here is Balena's employee count trend over the years:

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Top competitors of Balena include Kontakt, UnaBiz and Elemental Machines. Here is the list of Top 10 competitors of Balena, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Kontakt 2013, Krakow (Poland), Series C	Provider of real-time location services platform for healthcare operational predictability	$55.8M	Credo Ventures, Goldman Sachs Asset Management ... & 3 others	68/100
2nd	UnaBiz 2016, Singapore (Singapore), Series B	Provider of IoT solutions for utilities, asset, and facilities management	$85M	Mirai Creation Fund, KDDI & 38 others	66/100
3rd	Elemental Machines 2015, Cambridge (United States), Series B	Provider of data driven drug discovery and development platform for various industries	$52.3M	Omega Venture Partners, Founders Fund & 22 others	64/100
4th	Brickeye 2013, Toronto (Canada), Acquired	Provider of construction risk mitigation platform integrating IoT and data analytics	$20M	GreenSky, Beauchampco & 7 others	62/100
5th	Wind River 1981, Alameda (United States), Acquired	Provider of software for mission-critical intelligent systems across various industries	-	Zygote Ventures, HWVP & 2 others	62/100
6th	Balena 2013, London (United Kingdom), Series C	Developer of an ecosystem to create, deploy, and manage fleets of connected devices	$101M	OpenView, Threshold & 39 others	58/100
7th	Lantronix 1989, Irvine (United States), Public	Provider of edge computing, out-of-band management, and industrial IoT solutions	-	Herald Investment Management, HCP & 1 others	57/100
8th	Digi International 1985, Minnetonka (United States), Public	Provider of IIoT devices, services, and solutions for M2M networking	-	YFM Equity Partners	54/100
9th	Advantech 1983, Bengaluru (India), Public	Network equipment, automation, and embedded computing solutions provider	-	IoT Evolution, Herald Investment Management ... & 1 others	53/100
10th	Echelon 1988, Santa Clara (United States), Acquired	Provides an open-standard embedded platform for IoT Applications	$16M	DTE Energy Ventures, AVI Management Partners ... & 5 others	53/100