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, Chris Crocker-White, Phil Wilson and Konstantinos Mouzakis 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 Sep 30, 2026, the latest employee count at Balena is 75.

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 363 active competitors, of which 34 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 UnaBiz, Kontakt and Echelon. Among them, Elemental Machines secured the most recent funding round in April, 2026.

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

Balena is a series C company based in London (United Kingdom), founded in 2013 by Pagan Gazzard, Alexandros Marinos and Petros Angelatos. It operates as a Developer of an ecosystem to create, deploy, and manage fleets of connected devices. Balena has raised $101M in funding from investors like DFJ, OpenView and General Electric, with a current valuation of $*****. The company has 363 active competitors, including 34 funded and 24 that have exited. Its top competitors include companies like UnaBiz, Kontakt and Echelon.

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 363 active competitors

Employee Count

75 as on Sep 30, 2026

Similar Companies

UnaBiz & 484 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 LTD CIN: 07794151 , United Kingdom, Active	Oct 03, 2011	-	-
BALENA CIN: 40103507393 , Latvia, Deadpooled	Feb 01, 2012	€0 - €1M (As on Dec 31, 2020)	3 (As on Dec 31, 2020)	-
BALENA INC CIN: 472103609 , United States, Active	Dec 31, 1999	-	9 (As on Dec 31, 2024)	-
BALENA LTD CIN: 7794151 , Germany, Active	Oct 02, 2011	-	20 (As on Jan 31, 2022)

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	2460764	Series C	6101742	5558295	6618171	9646889
Sep 10, 2019	8788633	Series B	3733790	9933880	7101430	6357654
Jul 17, 2019	1452500	Series B	8573250	8687773	OpenView	Threshold & 2 more

Access funding benchmarks and valuations. Sign up today!

View details of Balena's funding rounds and investors

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

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

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
Petros Angelatos: Former Co-Founder & CTO of Balena. They serve on the board of 1 company.
Contact Info: 1 email address
Chris Crocker-White: Co-CEO of Balena.
Phil Wilson: 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 11m
pyvbrqa	Team	-	Past	1y 1m
qnksxod	Team	-	Past	7y 4m
Alison Davis	Independent board member	-	Current	6y 1m
xd{jgt{	Independent board member	-	Current	2y 5m
bgrvtma	Independent board member	-	Current	2y 2m
hznwayp	Independent board member	-	Current	4y 2m
hxyhlkj	Independent board member	-	Past	5y 2m
tgeck{w	Independent board member	-	Past	3y 5m

View details of Balena's Founder profiles and Board Members

Balena's employee count trend

Balena has 75 employees as of Sep 26. Here is Balena's employee count trend over the years:

Uncover Balena's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Balena include UnaBiz, Kontakt and Echelon. 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	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
2nd	Kontakt 2013, Krakow (Poland), Series C	Provider of real-time location services platform for healthcare operational predictability	$55.8M	Goldman Sachs Asset Management, Credo Ventures ... & 3 others	65/100
3rd	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	64/100
4th	Brickeye 2013, Toronto (Canada), Acquired	Provider of construction risk mitigation platform integrating IoT and data analytics	$20M	GreenSky, Beauchampco & 7 others	63/100
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, Ericsson & 39 others	58/100
7th	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	57/100
8th	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
9th	Digi International 1985, Minnetonka (United States), Public	Provider of IIoT devices, services, and solutions for M2M networking	-	YFM Equity Partners	54/100
10th	Advantech 1983, Bengaluru (India), Public	Network equipment, automation, and embedded computing solutions provider	-	IoT Evolution, Herald Investment Management ... & 1 others	53/100