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Raspberry Pi gets $45M to meet demand for low-cost PCs and IoT



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Turns out COVID-19 lockdowns have been good for the indoor hobby of hardware hacking: The U.K.-based foundation behind the low-price microprocessor Raspberry Pi announced close of a $45 million funding round yesterday.
The cash injection into the trading arm of the (nonprofit) Raspberry Pi Foundation values it at $500 million (pre-money), founder Eben Upton confirmed.
The funding round was led by London-based Lansdowne Partners and The Ezrah Charitable Trust, a private charitable foundation based in the US.
“We are pleased to welcome Lansdowne Partners and The Ezrah Charitable Trust as our first outside shareholders to help us achieve the next …

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