When was Memfault founded?

Memfault was founded in 2015 and raised its 1st funding round 4 years after it was founded.

Where is Memfault located?

Memfault is headquartered in San Francisco, United States.

Who is the current CEO of Memfault?

Francois Baldassari of Memfault.

How many employees does Memfault have?

As of Sep 30, 2026, the latest employee count at Memfault is 34.

Is Memfault a funded company?

Memfault is a funded company, having raised a total of $35M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 15, 2019.

When was the latest funding round of Memfault?

Memfault's latest funding was a $***** Series B round on Jan 24, 2023, with participation from 4 investors.

Where does Memfault rank among its competitors?

Memfault ranks 10th amongst 510 active competitors, of which 47 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Swarm Engineering, which secured $10M in Jun, 2026.

Who are the top competitors of Memfault?

Memfault's top competitors include Swarm Engineering, CollabNet and RapidFort. Among them, Swarm Engineering secured the most recent funding round in June, 2026.

Memfault - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of an embedded observability platform for IoT monitoring and updates. The platform offers performance monitoring, debugging, log management, product analytics, and over-the-air updates. It supports Android, Embedded Linux, and MCU platforms, catering to smart home, connected video, and connected audio use cases. The platform facilitates real-time visibility into device performance, enabling issue resolution before customer impact. It automatically collects crash data, logs, and metrics to prioritize high-impact issues. The system manages and monitors software updates without requiring separate infrastructure.

Website: memfault.com
Social
Email ID: *****@memfault.com

Key Metrics

Founded Year

2015

Location

San Francisco, United States

Stage

Acquired

Total Funding

$35M in 3 rounds

Latest Funding Round

Series B, Jan 24, 2023, $*****

Investors

Stripes & 7 more

Ranked

10^th among 510 active competitors

Employee Count

34 as on Sep 30, 2026

Similar Companies

Swarm Engineering & 602 more

Exit Details

Acquired by Nordic Semiconductor (Jun 24, 2025)

View Memfault's full profile

Memfault is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
MEMFAULT, INC. CIN: 38-4101679 , United States, Active	Dec 12, 2018	-	26 (As on Dec 31, 2022)	-

Memfault got acquired by Nordic Semiconductor on Jun 24, 2025.

Click here to take a look at Memfault's acquisition in detail

Memfault has raised a total funding of $35M over 3 rounds. Its first funding round was on Nov 15, 2019. Its latest funding round was a Series B round on Jan 24, 2023 for $*****. 4 investors participated in its latest round. Memfault has 8 institutional investors.

Here is the list of recent funding rounds of Memfault:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 24, 2023	9883322	Series B	4500111	1493193	5719077	8523174
Apr 01, 2021	9031825	Series A	8934946	1124021	8211591	Uncork Capital & 1 more
Nov 15, 2019	1661908	Seed	5437887	6726440	Uncork Capital	S28 Capital & 1 more

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View details of Memfault's funding rounds and investors

The founders of Memfault are Francois Baldassari and Chris Coleman.

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

Francois Baldassari: Co-Founder & CEO of Memfault.
Contact Info: 1 email address
Chris Coleman: Co-Founder & CTO of Memfault.
Contact Info: 1 email address

View details of Memfault's Founder profiles and Board Members

Memfault's employee count trend

Memfault has 34 employees as of Sep 26. Here is Memfault's employee count trend over the years:

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Top competitors of Memfault include Swarm Engineering, CollabNet and RapidFort. Here is the list of Top 10 competitors of Memfault, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Swarm Engineering 2016, San Juan Capistrano (United States), Series A	Developer of an AI platform for operational decision-making and automation	$28.3M	S2G Investments, TERRA & 15 others	62/100
2nd	CollabNet 1999, San Francisco (United States), Acquired	AI-powered platform for software development, delivery, and digital transformation	$60.1M	Benchmark, Industry Ventures & 10 others	58/100
3rd	RapidFort 2020, Sunnyvale (United States), Series A	Cloud based platform offering patch management solutions	$51.4M	ForgePoint Capital, Felicis Ventures & 14 others	57/100
4th	Zipit Wireless 2007, Greenville (United States), Acquired	IoT connectivity and subscription billing platform for global cellular solutions	$12.9M	Western Technology Investment, NMT Capital ... & 7 others	57/100
5th	SensorUp 2011, Calgary (Canada), Series B	Provider of an IoT data exchange and application enablement platform	$15.4M	Vanedge Capital, Climate Investment & 8 others	56/100
6th	XebiaLabs 2008, Boston (United States), Acquired	Provider of cloud automation and management platform	$112M	Susquehanna Growth Equity, Updata & 2 others	55/100
7th	Northern.tech 2017, Oslo (Norway), Seed	Developer of software for managing connected device lifecycles and security	$2.5M	Alliance Venture, EIC Fund & 3 others	54/100
8th	Aiden 2020, Plano (United States), Seed	Cloud and AI based patch management solutions provider	$7.4M	Right Side Capital Management, congressavenueventures.com ... & 8 others	52/100
9th	MODE 2014, San Mateo (United States), Series B	Developer of a cloud platform for connected device development	$25.3M	True Ventures, Global Brain & 14 others	51/100
10th	Memfault 2015, San Francisco (United States), Acquired	Provider of an embedded observability platform for IoT monitoring and updates	$35M	S28 Capital, Smart Launch Ventures & 6 others	48/100