Particle lays off 10% staff and co-founder departs after ‘turbulent period’

San Francisco-based startup Particle was one of the rising stars in the Internet of Things space, raising more than $81 million to date on the promise of helping to manage and secure the next generation of connected devices. But the company is only now emerging from what its co-founder and chief executive Zach Supalla called…

Particle lays off 10% staff and co-founder departs after ‘turbulent period’

San Francisco-based startup Particle was one of the rising stars in the Internet of Things space, raising more than $81 million to date on the promise of helping to manage and secure the next generation of connected devices.
But the company is only now emerging from what its co-founder and chief executive Zach Supalla called a “turbulent period,” prompting layoffs and cost-cutting to help stay afloat, TechCrunch has learned.
Founded in 2012, Particle snagged $40 million in its Series C fundraise last October from big industrial investors, including Qualcomm Ventures and Energy Impact Partners, signaling strong support for the company’s mission. The startup pitches its flagship platform as an all-in-one solution to manage and secure IoT devices with encryption and security, but also scalability and data autonomy.
But a recent email sent by Supalla to his staff — obtained by TechCrunch — shows the company is course-correcting after a recent revenue miss.
The email, which the company confirmed was sent by the chief executive, said Particle laid off 14 staff members earlier this month, representing about 10% of the company. The layoffs of both engineering and support staff came just weeks after co-found
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