Thursday, August 14, 2014

Electric Imp Powers Up With $15M

Los Altos-based Electric Imp, a developer of technology used for connecting devices to the Internet, has raised $15M in a funding round, the company said Wednesday. The Series B funding came from Foxconn Technology Group, PTI Ventures and Rampart Capital, as well as Redpoint Ventures. The company says it has now raised $23M in funding. The new funds go towards growth and development efforts. Electric Imp is led by Hugo Fiennes.