Renesas announces investment in Arduino
Renesas Electronics announced an investment in Arduino’s new round of Series B funding. The partnership with Arduino enables Renesas to make its broad range of products available for Arduino’s technology platforms used by its worldwide developer community.
Arduino complements Renesas’ global strategy of reaching a broader range of customers by enabling designers around the world access to Arduino’s open-source platform.
To help advance Arduino’s plans and vision of expanding into the enterprise, Renesas is investing $10 million into Arduino’s Series B round of $32 million. The funding will also provide Arduino with access to a new level of technology with Renesas’ industry-leading technology portfolio, including MCUs/MPUs, analog, power, and connectivity products. This investment is significant for Renesas as part of its strategy to grow its business in the mass market and reach new customers within Arduino’s community of 30 million developers worldwide.
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