Pebble Raises $15 Million Series A Round to Ramp up Production for Smartwatch

Posted by Rob Lewis

Pebble has raised $15 million in a Series A round of funding from Charles River Ventures.

The company, whose founder is Canadian, says it will use the funding primarily to expand its software engineering team and ramp up production for its smartwatch, which has been plagued with delays.

Last year, Pebble raised a record-shattering $10,168,645 from 66,613 backers on crowdfunding platform Kickstarter (its original goal was $100,000).

On a related note, the company updated its backers on the SDK it has been developing:

Today we're pleased to announce that 2-way communication is now enabled for 3rd party Pebble watchapps! You can download the updated SDK (now known as PebbleKit) at developer.getpebble.com. The major addition is the AppMessage subsystem which enables watchapps to send and receive data from a connected smartphone app. Be sure to install the latest Pebble firmware 1.10.2 as well.

Founded by Eric Migicovsky, Pebble was originally called Allerta and built smartwatches based on the BlackBerry platform.

 

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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