What Particle does

Particle Industries, Inc. is a San Francisco-based IoT platform-as-a-service provider founded in 2013 that helps OEMs, industrial equipment manufacturers, and solution providers build, deploy, and manage cellular-connected products. The company serves more than 8,500 companies and 270,000+ developers across verticals including HVAC, light electric vehicles, smart energy, emissions monitoring, asset tracking, and industrial equipment monitoring, with named enterprise customers including Halliburton, P&G, Goodyear, Jacuzzi, Trek, Exelon, Watsco, and Andersen.

The platform is built around a proprietary Device OS firmware that runs across a portfolio of cellular and Wi-Fi modules (M-SoM, B-SoM, P2), development boards (Muon, Boron, Photon 2), gateways (Monitor One, Tracker One), and the Tachyon 5G single-board computer with an integrated AI accelerator. Connectivity is delivered through EtherSIM and EtherSIM+ embedded SIMs that roam across 350+ carriers in 150 countries, with multi-radio support spanning Wi-Fi, LTE/5G, NTN satellite (via Skylo), and LoRaWAN (via Helium, The Things Industries, and Comcast MachineQ). The cloud layer provides OTA software updates (12 million per month, 60 billion messages per month delivered), Location Fusion, Particle Ledger digital twins, Particle Logic serverless compute, an Event Bus, and 250+ data integrations. Edge ML, powered by Edge Impulse, enables on-device machine learning for predictive maintenance and anomaly detection.

Particle operates a hybrid go-to-market combining a self-serve free tier for developers (up to 100 devices), direct enterprise sales for OEM and solution-provider deals, an online hardware store (store.particle.io), a three-tier partner program, an OEM/white-label motion, and Particle Studios professional services. Revenue is generated through subscription cloud services, hardware sales, professional services, and OEM/embedded licensing; Particle generated approximately $20 million in ARR growing double-digits annually. On January 27, 2026, Particle was acquired by Digi International for $50 million in cash, becoming part of Digi's IoT Solutions business unit.

Name

Particle

Legal name

Particle Industries, Inc.

Website

https://particle.io

Company type

Private

Founded year

2013

Operating status

Acquired

Headcount range

101–250 employees

Short description

Particle Industries provides an integrated IoT platform-as-a-service combining proprietary hardware modules, multi-radio connectivity (cellular, Wi-Fi, satellite, LoRaWAN), and a managed cloud to help OEMs and solution providers ship connected products at scale.

Ownership category

akta.pro rank

Product category

IoT Platform-as-a-Service

NAICS

Wireless Telecommunications Carriers (except Satellite) (517112)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Hybrid Cloud Compute & Virtualization Stack (HCI/VMs/Kubernetes) (HDABAMAF)

Keywords

• IoT platform services
• Cellular IoT connectivity
• Embedded IoT hardware
• Device cloud platform
• Over-the-air updates

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Supply Chain, Infrastructure, Operations

Revenue model

1. Subscription / Annual Recurring Revenue (ARR): Recurring revenue from subscription-based sales of cloud services, device management, OTA, EtherSIM connectivity, and Particle platform features. Particle generates approximately $20 million in ARR, growing double-digits annually, per the Digi acquisition announcement.
2. Hardware sales: Sale of Particle-branded devices, modules, single-board computers, and development kits through store.particle.io and channel partners, including Tachyon 5G SBC, M-SoM/Muon multi-radio modules, Boron, Photon 2, Monitor One gateway, and Tracker products.
3. Professional services (Particle Studios): Fee-based engineering services ranging from design reviews and proof-of-concept builds to full custom hardware, firmware, and product development, plus manufacturing sourcing, certification, and scale-deployment support.
4. OEM / white-label and embedded licensing: OEM and white-label arrangements where partners embed Particle hardware, firmware (Device OS), and cloud services inside their own branded products (e.g., Monitor One white-label enclosures), generating embedded-platform license and per-device revenue.

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels9 records

Core offering

Particle provides an integrated IoT Platform-as-a-Service that combines proprietary Device OS firmware, a managed Device Cloud, EtherSIM/EtherSIM+ embedded cellular connectivity across 350+ carriers in 150 countries, and multi-radio hardware modules, gateways, and single-board computers. The platform enables OEMs and solution providers to build, deploy, and manage secure connected products at scale with over-the-air updates, location services, digital-twin storage, serverless compute, and a data pipeline of 250+ integrations.

Product overview

Particle offers a unified IoT platform combining hardware modules (M-SoM, B-SoM, P2 Wi-Fi, Muon, Boron, Photon 2), ready-to-deploy products (Monitor One, Tracker One, TrackerSOM, Tachyon), and accessories (M-HAT, M1 Enclosure). All hardware runs Device OS, which connects through EtherSIM/EtherSIM+ cellular services (including Helium, The Things Industries, MachineQ LoRaWAN, and Skylo satellite integrations) to a cloud platform that delivers OTA Services, Location Fusion, Particle Ledger, Particle Logic, and an Event Bus exposed via REST API. Developers build with the Web IDE, Workbench, CLI, and Console, and can add Edge ML for on-device inference integrated with Edge Impulse, AWS Kinesis Video Streams, and partners such as Blynk, ilert, and Tulip. Particle Studios provides professional services and the Particle Partner Program supports resellers and integrators.

Differentiator

Problem solved

Functional benefit

Brands

• Particle Studios: Professional engineering services team that helps customers design, prototype, and deploy IoT products.
• Edge Impulse on Particle
• Particle for Good

Products and services

• Tachyon 5G SBC + AI accelerator Credit card-sized 5G SBC combining sub-6 GHz 5G, Wi-Fi 6E, EtherSIM+, octa-core Qualcomm Kryo CPU, Adreno 643 GPU, 12 TOPS NPU, 8GB RAM, 128GB UFS storage, Ubuntu Desktop, and Raspberry Pi HAT compatibility for edge AI and computer vision applications.
• M-SoM M-Series system-on-module with multi-radio support (Wi-Fi, cellular LTE/5G, satellite, LoRaWAN) launched as the successor to Boron/Photon, for embedding into IoT products.
• B-SoM

Quantifiable outcome

• 90% of Particle customers deliver a product at scale within 12 months
• +6 more outcomes

Named customers22 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability11 records

Feature12 records

Partnerships

13 partnerships are on record, tiered flagship, core and minor.

• Digi InternationalflagshipStrategic or Co-development Partner · 27 January 2026Digi International acquired Particle Industries for $50 million in cash in January 2026, integrating Particle into its IoT Solutions business unit. Particle gains access to Digi's resources and XBee ecosystem; Digi extends its embedded-as-a-service platform with Particle's edge-to-cloud infrastructure, increasing its IoT Products and Services ARR by over 60% and expecting ~$20M in Particle ARR plus $13–14M in revenue for fiscal 2026.
• Edge ImpulsecoreTechnology or IntegrationEdge Impulse provides the machine-learning tooling under Particle's Edge ML capability. Together they offer one-click data collection, low-code model training, and one-click deployment of ML models to Particle devices via OTA, supporting predictive maintenance, leak detection, and contextual awareness.
• QualcommcoreTechnology or IntegrationQualcomm is the silicon partner for cellular and Dragonwing processors used in Particle products. Particle is one of the first companies adopting Qualcomm's NTN-capable silicon for satellite IoT, and Tachyon is built on a Qualcomm Dragonwing QCM6490 platform.
• QuectelcoreTechnology or IntegrationQuectel manufactures the cellular modules used across Particle's hardware portfolio and is partnering on NTN satellite-capable modules for the M-Series.
• SkylocoreTechnology or IntegrationSkylo is Particle's satellite network operator for NTN connectivity, leveraging Viasat and Ligado satellites to provide a global network; currently live in North America and Western Europe with global expansion underway.
• HeliumcoreTechnology or IntegrationParticle integrates with the Helium decentralized LoRaWAN network, where 80% of the U.S. population is in range of a Helium Hotspot, providing network redundancy and a low-power option for battery-powered devices.
• The Things IndustriescoreTechnology or IntegrationParticle integrates with The Things Industries' LoRaWAN network server (The Things Stack), supporting more than 1.5 million LoRaWAN devices worldwide and serving as a de facto standard for managed LoRaWAN.
• Comcast MachineQcoreChannel Partner/ Reseller/ DistributorParticle integrates with Comcast's MachineQ enterprise LoRaWAN network, which manages 300M square feet of private network coverage and 500,000 devices for global quick-service restaurants, pharmaceutical companies, and hotel brands with SLA-backed support.
• Wind RiverminorStrategic or Co-development PartnerWind River was welcomed alongside Particle as a new partner of the EDGE AI Foundation (formerly tinyML Foundation) at Taipei 2024 on November 19, 2024, joining a community of over 100 Fortune 500 technology companies.
• Ceva, Inc.minorStrategic or Co-development PartnerCeva, Inc. was welcomed alongside Particle as a new partner of the EDGE AI Foundation at Taipei 2024 on November 19, 2024.
• Alif SemiconductorminorStrategic or Co-development PartnerAlif Semiconductor was welcomed alongside Particle as a new partner of the EDGE AI Foundation at Taipei 2024 on November 19, 2024.
• InventelminorImplementation/ SI/ Consulting PartnerInventel is referenced as a Particle partner (CTO Robert Mawbey quoted on the Particle Partners page), part of the design and engineering partner ecosystem that helps Particle's customers deliver connected products.
• Spectra Conference organizers and partnersminorGTM or Marketing PartnerParticle hosts the Spectra Conference (spectra.particle.io) as its flagship annual event for major product announcements (M-Series in 2024, Tachyon, Linux, Edge AI).

Scale indicators15 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Sierra Wireless (Semtech): Sierra Wireless (now part of Semtech) provides cellular IoT modules, gateways, managed connectivity, and IoT platform services. Directly comparable to Particle's hardware-plus-connectivity-plus-cloud offering with a stronger carrier-grade telecom heritage.
• Balena: Balena provides an IoT platform combining device OS, OTA, and fleet management for edge devices, including Linux-based fleets. Competes with Particle on the device-cloud and OTA layer, particularly for industrial and edge Linux use cases.
• u-blox: u-blox provides cellular and positioning modules plus connectivity services for IoT, with strong automotive and industrial exposure. Closely comparable to Particle's hardware-and-connectivity positioning, though with less cloud platform focus.
• Losant: Losant is an enterprise IoT platform offering device management, data pipeline, dashboards, and workflow automation — comparable to Particle Ledger, Logic, and Event Bus for industrial and enterprise IoT workloads.
• Telit Cinterion: Telit offers cellular IoT modules, connectivity (MVNO), and the deviceWISE IoT platform — an overlapping integrated stack for industrial and enterprise IoT customers, comparable to Particle's M-SoM/EtherSIM/Cloud combination.
• ClearBlade: ClearBlade provides an enterprise IoT platform with edge intelligence, digital twins, and asset monitoring — closely comparable to Particle's platform services and target industrial customer base.

Emerging players

• Hologram: Hologram provides global cellular IoT connectivity with a developer-friendly SIM and console, comparable to EtherSIM. Less integrated on the hardware side than Particle but a meaningful competitor in the programmable IoT connectivity layer.

Broad incumbents

• Samsara: Samsara is a much larger IoT platform with its own hardware, connectivity, and cloud for fleet/asset monitoring and industrial use cases — overlapping with Particle's asset-tracking and industrial-equipment segments at much greater scale.
• AWS IoT Core: AWS IoT Core (and the broader AWS IoT suite) is a hyperscaler IoT platform that competes with the cloud layer of Particle's platform for customers willing to assemble a multi-vendor stack around AWS-managed services.
• Twilio (Super SIM / IoT): Twilio's Super SIM and IoT connectivity/messaging offerings compete with Particle's EtherSIM and Event Bus on programmable cellular connectivity for connected products, although Twilio's stack is broader communications rather than full IoT PaaS.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/particle-iot
• Xx.com/particle
• Facebookfacebook.com/particle
• LinkedInlinkedin.com/company/particleio

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds15 records

Investors21 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Particle