Electric Imp - About the company
Electric Imp is an acquired company based in Los Altos (United States), founded in 2011 by Kevin Fox and Hugo Fiennes. It operates as a Connectivity through embedded hardware and software platform. Electric Imp has raised $43.9M in funding from Rampart Capital. The company has 738 active competitors, including 95 funded and 76 that have exited. Its top competitors include companies like Particle, Silicon Labs and PTC.
Company Details
Electric Imp is a provider of an end-to-end platform to connect any device to the internet and monitor, control and build apps on them. Starts with the imp, a Wifi module, and a processor which connects the device to the Imp Cloud, the central hub to all devices. Also provides an open API to build enhancements on these devices and an Ops console to maintain the latest software and push new code. Used by developers and organizations like Quirky, GE, Budweiser, Lockitron, and more.
- Website
- electricimp.com
Key Metrics
Founded Year
2011
Location
Los Altos, United States
Stage
Acquired
Total Funding
$43.9M in 3 rounds
Latest Funding Round
Investors
Ranked
22nd among 738 active competitors
Employee Count
7 as on Mar 31, 2026
Exit Details
Acquired by Twilio (Jul 09, 2020)
Electric Imp's acquisition details
Electric Imp got acquired by Twilio on Jul 09, 2020.
Click here to take a look at Electric Imp's acquisition in detail
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Electric Imp's funding and investors
Electric Imp has raised a total funding of $43.9M over 3 rounds. Its first funding round was on May 16, 2012. Its latest funding round was a Series C round on Apr 07, 2016 for $*****. 2 investors participated in its latest round. Electric Imp has 6 institutional investors.
Here is the list of recent funding rounds of Electric Imp:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 07, 2016 | 1305942 | Series C | 8075708 | 9600698 | 5779937 | 1984615 |
Aug 13, 2014 | 9511077 | Series B | 7864509 | 9747058 | 1039402 | |
May 16, 2012 | 6416264 | Series A | 1805582 | 1706654 | 1540333 |
View details of Electric Imp's funding rounds and investors
Electric Imp's founders and board of directors
Founder? Claim ProfileThe founders of Electric Imp are Kevin Fox and Hugo Fiennes.
Here are the details of Electric Imp's key team members:
- Kevin Fox: Co-Founder of Electric Imp.
- Hugo Fiennes: Founder & CEO of Electric Imp.
View details of Electric Imp's Founder profiles and Board Members
Electric Imp's employee count trend
Electric Imp has 7 employees as of Mar 26. Here is Electric Imp's employee count trend over the years:
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Electric Imp's Competitors and alternates
Top competitors of Electric Imp include Particle, Silicon Labs and PTC. Here is the list of Top 10 competitors of Electric Imp, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Particle 2011, San Francisco (United States), Acquired | Developer of a prototype to production connectivity platform for IoT | $135M | 78/100 | |
2nd | Silicon Labs 1996, Austin (United States), Acquired | Developer of wireless and non-wireless technologies, software, tools, and services | - | 75/100 | |
3rd | PTC 1985, Boston (United States), Public | Provider of software for product lifecycle management, CAD, IoT, and service | - | 73/100 | |
4th | MaintainX 2018, San Francisco (United States), Acquired | Provider of a platform for maintenance and operations management solutions | $254M | 71/100 | |
5th | Provider of artificial intelligence, machine learning, and digital transformation solutions | $2.92M | 67/100 | ||
6th | Provider of biometric and cryptographic solutions for secure transactions and identities | - | 67/100 | ||
7th | Ayla Networks 2010, Milpitas (United States), Series D | Provider of an IoT platform for smart home and device solutions | $144M | 66/100 | |
8th | Cradlepoint 2004, Boise (United States), Acquired | Provider of wireless wide area network and private cellular solutions | $155M | 65/100 | |
9th | Greenwave Systems 2008, Irvine (United States), Acquired | Developer of software-defined network platform enabling virtual network operator capabilities | $75.1M | 64/100 | |
10th | ConnectM 2007, Marlborough (United States), Public | Network of companies delivering equipment, mobility, and distributed energy solutions | $12.1M | 64/100 | |
22nd | Electric Imp 2011, Los Altos (United States), Acquired | Connectivity through embedded hardware and software platform | $43.9M | 58/100 |
Looking for more details on Electric Imp's competitors? Click here to see the top ones
Electric Imp's Investments and acquisitions
Electric Imp has made no investments or acquisitions yet.
Reports related to Electric Imp
Here is the latest report on Electric Imp's sector:
News related to Electric Imp
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Twilio acquires Electric Imp to bolster its growing IoT businessTechCrunch+•Jul 09, 2020•Twilio, Electric Imp
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Electric Imp Announces Integration with Google Cloud Platform for New and Retrofit IoT DeploymentsIot Evolution world•Sep 25, 2018•Google, Electric Imp
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Electric Imp and Microsoft Partner to Accelerate Secure IoT and Simplify Connectivity for Industrial and Commercial CustomersBusiness Wire•Apr 03, 2018•Electric Imp, Microsoft
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SoftBank to Sell Electric Imp’s IoT Development KitsThe Fast Mode•Apr 03, 2017•SoftBank, Electric Imp
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Electric Imp Launches QuickStart Family to Accelerate IoT AdoptionBusiness Wire•Jan 11, 2017•Electric Imp
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Electric Imp Announces $21 Million in Series C Funding | Business WireBusiness Wire•Apr 07, 2016•Electric Imp, Rampart Capital, Redpoint Ventures
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Electric Imp scores $15M to broaden Internet of things' reach | VentureBeatVentureBeat•Aug 13, 2014•Electric Imp, Foxconn Electronics, Redpoint Ventures, PTI Ventures and 1 other
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Electric Imp Secures $21 Million in New FundingElectric Imp•Electric Imp, Rampart Capital, Redpoint Ventures
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