Arduino raises $22M to support expansion into enterprise
Italy-based Arduino, an open-source hardware company, has raised an additional $22M in Series B funding. CDP Venture Capital and Anzu Partner led the round, with participation from semiconductor leader Arm. Notably, the company aims to enter the enterprise market with its funding.
Arduino acknowledges that corporate clients have distinct expectations and requirements compared to hobbyists and educators. The company now delivers technology solutions to original equipment manufacturers (OEMs).
The CEO explained, “The original Arduino products were eight-bit microcontrollers that are not suitable for very complex tasks, with a temperature range that was made for hobbyists. So what we did was create more sophisticated products, sensors, and also microcontroller boards and extend the temperature range for components, so they can actually use the physical product at the end of the day.”
This initiative facilitates the transition from prototyping to small-scale production runs, typically involving fewer than 100,000 units.
With this fresh infusion of capital, Arduino is gearing up to intensify its research and development efforts, expand its presence in both the United States and Europe (including its home country of Italy, where much of its manufacturing takes place), and adapt to evolving market dynamics influenced by initiatives such as the CHIPS Act and EU Cybersecurity Act.
