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 May 31, 2026, the latest employee count at Memfault is 39.

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 1st amongst 473 active competitors, of which 46 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was MODE, which secured $6.2M in Apr, 2026.

Who are the top competitors of Memfault?

Memfault's top competitors include Zipit Wireless, JetPatch and Arch Systems. Among them, MODE secured the most recent funding round in April, 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

1^st among 473 active competitors

Employee Count

39 as on May 31, 2026

Similar Companies

Zipit Wireless & 585 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	Documents
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	2283711	Series B	8930676	5461728	1080168	3857891
Apr 01, 2021	2177064	Series A	1811682	4028394	2079041	Uncork Capital & 1 more
Nov 15, 2019	6397994	Seed	2597734	4441253	Uncork Capital	S28 Capital & 1 more

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View details of Memfault's funding rounds and investors

The founders of Memfault are Tyler Hoffman, Chris Coleman and Francois Baldassari.

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

Tyler Hoffman: Co-founder & Head of Developer Experience of Memfault.
Chris Coleman: Co-Founder & CTO of Memfault.
Contact Info: 1 email address
Francois Baldassari: Co-Founder & CEO of Memfault.
Contact Info: 1 email address

View details of Memfault's Founder profiles and Board Members

Memfault's employee count trend

Memfault has 39 employees as of May 26. Here is Memfault's employee count trend over the years:

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Top competitors of Memfault include Zipit Wireless, JetPatch and Arch Systems. 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	Memfault 2015, San Francisco (United States), Acquired	Provider of an embedded observability platform for IoT monitoring and updates	$35M	S28 Capital, Stripes & 6 others	64/100
2nd	Zipit Wireless 2007, Greenville (United States), Acquired	IoT connectivity and subscription billing platform for global cellular solutions	$12.9M	Western Technology Investment, VentureSouth ... & 7 others	61/100
3rd	JetPatch 2010, Boston (United States), Series B	Provider of automated server patch, software distribution, and lifecycle management solutions. It offers a centralized platform for managing patching operations across diverse environments, including Windows and Linux operating systems. The platform includes features such as compliance health tests, patching checklists, and patch compliance rules to ensure high success rates and minimize disruptions. It also provides real-time gap analysis, automated remediation, and performance reporting to improve IT security and business continuity. Seamless integration with existing IT operations and security ecosystems is a key feature, enabling complete process automation and visibility. The solution helps eliminate manual efforts, reduce downtime, and increase efficiency.	$24.5M	Bessemer Venture Partners, Intel Capital & 2 others	59/100
4th	Arch Systems 2015, Mountain View (United States), Series B	Developer of cloud-based platform and device for IoT remote applications	$19.5M	Two Bear Capital, Ulu Ventures & 11 others	59/100
5th	CollabNet 1999, San Francisco (United States), Acquired	AI-powered platform for software development, delivery, and digital transformation	$60.1M	Norwest, Industry Ventures & 10 others	58/100
6th	RapidFort 2020, Sunnyvale (United States), Series A	Cloud based platform offering patch management solutions	$51.4M	Blue Cloud Ventures, ForgePoint Capital & 12 others	57/100
7th	Kii 2010, San Mateo (United States), Series B	IoT platform powering connected experiences, specializing in cold chain technology	$10.3M	Pegasus Tech Ventures, Katalyst Ventures & 6 others	56/100
8th	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	54/100
9th	Northern.tech 2017, Oslo (Norway), Seed	Developer of software for managing connected device lifecycles and security	$2.5M	Investinor, Alliance Venture & 3 others	53/100
10th	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