Memfault
2024 Revenue
$6.6M
Funding
$0
YOY
40%
Team
62
Founded
2019
How Memfault CEO Tyler Hoffman grew Memfault to $6.6M revenue with a 62 person team in 2024.
Memfault builds developer tools for firmware engineers.
Last updated
Memfault Revenue
In 2024, Memfault's revenue reached $6.6M. The company previously reported $4.7M in 2023. Since its launch in 2019, Memfault has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Memfault Hit $6.6m revenue in October 2024 |
| 2023 | Memfault Hit $4.7m revenue in October 2023 |
| 2021 | Memfault Hit $1.2m revenue in January 2021 |
| 2019 | Launched with $0 revenue |
Memfault Valuation, Funding Rounds
Memfault is a bootstrapped IoT Development Tools startup. Founded in 2019, Memfault has grown to $6.6M in revenue without raising any venture capital or outside funding.
As a self-funded IoT Development Tools SaaS company, Memfault has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
Memfault Employees & Team Size
Memfault employs approximately 62 people as of 2026, down from 74 in 2023.
Memfault has 62 total employees in different roles and functions.
| Year | Milestone |
|---|---|
| 2024 | Reached 62 employees (December 2024) |
| 2024 | Reached 74 employees (October 2024) |
| 2023 | Reached 74 employees (October 2023) |
| 2022 | Reached 39 employees (October 2022) |
| 2021 | Reached 22 employees (December 2021) |
| 2021 | Reached 12 employees (January 2021) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Memfault yet.
Frequently Asked Questions about Memfault
What is Memfault's revenue?
Memfault generates $6.6M in revenue.
Who founded Memfault?
Memfault was founded by Tyler Hoffman.
Who is the CEO of Memfault?
The CEO of Memfault is Tyler Hoffman.
How much funding does Memfault have?
Memfault raised $0.
How many employees does Memfault have?
Memfault has 62 employees.
Where is Memfault headquarters?
Memfault is headquartered in San Francisco, California, United States.
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Compare Memfault to the industry
Memfault operates across multiple industries. Browse revenue, funding, and growth data for Memfault in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .