Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Particle raised approximately $10M in late 2016

Zach Supalla · EP 590 :Particle.io Raises $14M, Passes $5M In Revenue, Helping Usher in IoT Connecting Keurigs to Internet with CEO Zach Supalla · Mar 6, 2017 · at 4:44

Zach Supalla, CEO of IoT platform Particle, discusses the company's recent fundraising with Nathan Latka.

0:00 / 0:02exact quote · 2.5s

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“We raised about ten million dollars late last year.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Particle raised approximately $10 million in late 2016.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Contemporaneous reporting and venture capital databases confirm that IoT startup Particle raised $10.4 million (consistently approximated as $10 million) in a funding round closed on November 17, 2016, led by Root Ventures with participation from OATV and Rincon Venture Partners. This matches the claim of raising approximately $10 million in late 2016.

CRN reported on November 17, 2016, that Particle secured $10.4 million in funding from Root Ventures, OATV, and Rincon Venture Partners.
PitchBook and Wellfound profiles record a $10.4 million venture funding round dated November 17, 2016.
StrictlyVC documented Particle's $10.4 million Series A round in November 2016.

Checked against

[1] crn.com [2] crn.com [3] strictlyvc.com [4] pitchbook.com [5] wellfound.com [6] nfx.com

Particle raised 10 million 2016 Root Ventures OR O'Reilly AlphaTech Ventures OR SOSV "Particle" "10.4M" OR "$10.4 million" OR "$10.4M" "Series A" "November 2016" OR "Nov 2016" "Particle" "10.4 million" OR "$10.4 million" "Root Ventures" OR "OATV" OR "O'Reilly AlphaTech" "Particle" "10.4" OR "10 million" OR "Series A" OR "Series B" "Root Ventures" OR "Spark" funding 2016

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Particle Zach Supalla

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Prediction Not checkable as stated

Particle customers will deploy millions of connected devices in 2018

“And we have customers who will be deploying millions in 2018.”

Zach Supalla Mar 6, 2017 ▶ 6:58 EP 590 :Particle.io Raises $14M, Passes $5M In Revenue, Helping Usher in IoT Connecting Keurigs to Internet with CEO Zach Supalla

Prediction Not checkable as stated

Insecure IoT devices will persist as cybersecurity threats for decades

“These devices that are already out there that are insecure, they're not going anywhere. You know, people aren't necessarily unplugging these things. And so there's going to be, there's going to continue to be security concerns. I mean, for, it could be decades…”

Zach Supalla Mar 6, 2017 ▶ 9:23 EP 590 :Particle.io Raises $14M, Passes $5M In Revenue, Helping Usher in IoT Connecting Keurigs to Internet with CEO Zach Supalla

Insight

Crowdfunding campaigns should be treated as product-market fit experiments

“I look at a Kickstarter campaign or really any crowdfunding campaign as an experiment.”

Zach Supalla Mar 6, 2017 ▶ 12:24 EP 590 :Particle.io Raises $14M, Passes $5M In Revenue, Helping Usher in IoT Connecting Keurigs to Internet with CEO Zach Supalla

Assertion Not checkable as stated

Particle's revenue is currently driven by upfront hardware sales

“These days, most of our money comes from selling hardware because of where we are and sort of how long we've been around. Most companies start by buying a bunch of hardware upfront and then the recurring stuff kicks in later. So right now, most of our revenue …”

Zach Supalla Mar 6, 2017 ▶ 5:23 EP 590 :Particle.io Raises $14M, Passes $5M In Revenue, Helping Usher in IoT Connecting Keurigs to Internet with CEO Zach Supalla

Assertion Partly supported

The Mirai botnet took down Liberia's entire internet infrastructure

“The Mirai botnet also took down the entire internet of Liberia, which was less widely broadcast in the US, but that's a huge deal.”

Zach Supalla Mar 6, 2017 ▶ 8:08 EP 590 :Particle.io Raises $14M, Passes $5M In Revenue, Helping Usher in IoT Connecting Keurigs to Internet with CEO Zach Supalla

Disclosure

Particle spent $35K in total to launch its first two Kickstarters

“I think we probably spent like 15 grand to get from idea to launch Kickstarter campaign, and then we probably spent another 20 grand to get from there to the second Kickstarter campaign.”

Zach Supalla Mar 6, 2017 ▶ 13:32 EP 590 :Particle.io Raises $14M, Passes $5M In Revenue, Helping Usher in IoT Connecting Keurigs to Internet with CEO Zach Supalla

Particle raised approximately $10M in late 2016

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