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Buglabs.com

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United StatesFounded 2009
Total funding $10–50M Disclosed equity funding
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About Buglabs.com

Founded in April 2006 by Peter Semmelhack, Bug Labs, Inc. is a New York-based technology company that has undergone a significant pivot from hardware to enterprise software solutions. Initially, the company pioneered open-source, modular hardware, offering a LEGO-like platform that allowed engineers and hobbyists to rapidly prototype and build their own electronic devices. This system included the BUGbase, a programmable Linux-based computer, and various BUGmodules for functionalities like GPS, cameras, and sensors.

Recognizing a market shift, Bug Labs transitioned its focus around 2010 to enterprise software, specifically for the Internet of Things (IoT). The company now develops platforms that help organizations, including Fortune 500 clients and large communication service providers, to integrate and manage data from various sources. This strategic change leveraged their expertise in connecting devices to the internet, moving from building the physical components to creating the software infrastructure that manages them.

The company's current flagship product is Signalpattern, a platform designed to deconstruct applications into discoverable and reusable interactions, thereby streamlining API use for non-technical users. Bug Labs also developed the well-known IoT tools dweet.io, a simple messaging service for devices to send data to the cloud, and Freeboard, a visualization tool for creating real-time dashboards from that data. While dweet.io was recently shut down, these products illustrate the company's focus on simplifying IoT development and data accessibility. The business model has evolved to providing enterprise-class API solutions, go-to-market strategy services, rapid prototyping, and sales enablement tools, primarily for the telecommunications sector.

Source: Dealroom company data

At a glance

Founded
2009
Headquarters
United States

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • US National Science Foundation

Series A3 investors entered at this stage

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🇺🇸 United States HQ
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Market sentiment

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