Balena
PrivateLast Round
Growth Equity
Jan 20, 2026
Total Funding Raised
$31.4M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Balena is a software company that provides a comprehensive platform for building, deploying, and managing fleets of connected Internet of Things (IoT) and edge computing devices.
Sector
AI, Data & Cloud Infrastructure
Verticals
Edge Computing, DevOps & Containers, IoT Hardware, Smart Manufacturing, Platform-as-a-Service
Business Model
B2B
Customer Profile
Subscription SaaS, Freemium
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Balena Comparables
Compare Balena with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Northern.tech | 84% | |
| Pantacor | 79% | |
| Nordic Semiconductor ASA | 78% | |
Balena Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Growth Equity | Jan 20, 2026 | ||||
| Series B | Jul 24, 2019 | ||||
| Series B | Jun 11, 2018 | ||||
| Early Funding | Jun 27, 2016 | ||||
| Series A | Apr 14, 2015 |
Key People
Founding team and executive leadership
Balena Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Threshold Ventures | Series B |
| Openfund | Series A |
| Aspect Ventures | Early Funding, Series B |
| DFJ Ventures | Series A |
| Draper Fisher Jurvetson Management | Early Funding, Series B |
| DFJ Growth | Early Funding, Series B, Series A |
| OpenView Venture Partners | Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jan 20, 2026
LoneTree Capital led the round.
- Jan 5, 2026
Added Elemental Machines Inc. in Life Sciences Technology.
Balena Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Balena's valuation, stock price, and market status.