Renesas Electronics Corp. is investing $10 million into Arduino’s Series B round of funding that will provide the single board computer maker to access a new level of technology.
The partnership allows Renesas to make a broad range of products available for Arduino platforms used by the developer, hobbyist and engineering community.
Under the deal, Arduino will receive access to Renesas’ portfolio including microprocessors and microcontrollers, analog, power and connectivity products. For Renesas it allows its technology to reach new customers and a mass market as Arduino has a community of 30 million developers.
Arduino was first developed as a fast prototyping and learning tool for students. But it quickly expanded to be a tool for professionals as well as hobbyists looking to create their own devices and gadgets.
Now, the company wants a new generation of engineers to scale applications. The company unveiled plans to expand its portfolio of hardware, software, connectivity and developer tools to professionals and into the enterprise. The Renesas investment is seen as a natural progression into this market.
