Arduino, the open-source hardware pioneer, has announced the closing of an additional $22 million in funding for a total of $54 million in Series B financing. The investment was co-led by CDP Venture Capital, Italy’s largest VC firm, and Anzu Partners, and was supplemented by $32 million Series B financing led by Robert Bosch Venture Capital and Renesas Electronics. The funds will be used to grow the company’s presence in the US, strengthen its R&D team based in Torino, Italy, and accelerate its go-to-market initiatives and customer support in selected geographies.
