Company Overview
Balena is an IoT edge computing platform providing container-based infrastructure for managing fleets of connected devices. Revenue range: $10M-$50M. Total funding: $35.1M-$101M (sources vary); Series B $14.4M (July 2019) led by OpenView, with DFJ, Threshold Ventures, Aspect Ventures, GE Ventures. Valuation: $558M (Sept 2019). 51-200 employees (July 2024). Founded 2013 by Petros Angelatos, Alexandros Marinos, Pagan Gazzard. London headquarters. Ecosystem for creating, deploying, managing connected device fleets.
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Strong Challenger
Balena is an established challenger with significant market presence and competitive offerings in IoT & Hardware.
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