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 | Quote |
|---|---|---|
| 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 | Quote |
|---|
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.
Memfault Employees & Team Size
Memfault employs approximately 62 people as of 2026, down from 74 in 2023.
| 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) |
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.
Compare Memfault to the industry
Memfault operates across multiple industries. Browse revenue, funding, and growth data for Memfault in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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