Raspberry Pi Holdings plc
Category: AI Infrastructure
British public technology company that designs and markets low-cost single-board computers, microcontrollers, and edge AI computing solutions, powering industrial IoT and enthusiast projects worldwide. Raspberry Pi Holdings plc was founded in 2012. The company is led by Eben Upton. Based in Cambridge, England, United Kingdom. Team size: 101-500. Total funding raised: $40M. Latest round: IPO. Key investors include Raspberry Pi Foundation (46.6%), Arm Holdings (8.4%), Sony Semiconductor Solutions Corporation.
- Founded
- 2012
- Headquarters
- Cambridge, England, United Kingdom
- Team size
- 101-500
- Total funding
- $40M
Value proposition
High-performance, low-cost, general-purpose computing platforms for enthusiasts and industrial engineers, backed by a massive global community and a mature software/hardware ecosystem spanning 68M+ units sold.
Products and solutions
Raspberry Pi 5 (flagship SBC), Raspberry Pi Compute Module 5 (CM5, industrial SoM), Raspberry Pi Pico 2 (microcontroller), Raspberry Pi Zero 2 W, Raspberry Pi AI HAT+ (Hailo-8, 13/26 TOPS), Raspberry Pi AI HAT+ 2 (Hailo-10H, 40 TOPS, 8GB RAM, supports LLMs/VLMs), Raspberry Pi 400 (keyboard computer), Raspberry Pi OS, Raspberry Pi Camera Modules, Raspberry Pi Imager
Unique value
The de facto standard for accessible edge computing — combining ultra-low-cost hardware ($4-$130), an open-source ecosystem, a global community of millions, and industrial-grade reliability (Compute Module series) with growing native AI acceleration.
Target customer
Industrial OEMs (75% of sales) for embedded systems, IoT gateways, digital signage, automation, medical devices; enthusiasts and makers; educational institutions
Industries served
Industrial automation, IoT/IoT gateways, Digital signage, Medical and healthcare, Aerospace, Automotive, Retail/POS, EV infrastructure, Smart home, Agritech, Audio, Security/surveillance
Technology advantage
Custom Broadcom SoC design; manufacturing by Sony (UK TEC in Wales) ensuring quality; strategic partnerships with Arm (shareholder, CPU IP) and Sony (shareholder, manufacturing, Aitrios AI platform); Hailo AI accelerator integration for edge AI; Linux-based OS with extensive software ecosystem; PCIe expansion for AI accelerators; 75% industrial adoption rate
How they differentiate
Unmatched price-performance ratio ($4-$130); 12+ year track record with 68M+ units shipped; vertical integration from silicon IP design through to software and community management; massive developer community of millions creating network effects; industrial-grade Compute Module line for OEM integration; long-term availability commitments (7-10 years); ultra-low power consumption (85%+ less than legacy PCs)
Main competitors
Arduino (maker microcontrollers/boards), NVIDIA Jetson (edge AI computing), BeagleBoard/BeagleBone (open-source SBCs), ODROID (SBCs), Intel NUC/compute elements
Key partnerships
Sony Semiconductor Solutions (strategic investment, Aitrios AI platform, manufacturing at Sony UK TEC), Arm Holdings (strategic investment, CPU architecture), Broadcom (SoC supplier), Hailo (AI accelerator for AI HAT+/HAT+ 2), Element14/Premier Farnell and RS Components (distributors), Jefferies (IPO Joint Global Coordinator)
Notable customers
1,300+ active OEM relationships globally, used by NASA (in space), industrial automation companies, digital signage providers, medical device manufacturers. Specific names not publicly disclosed due to OEM/embedded nature of sales.
Major milestones
2008: Raspberry Pi Foundation founded, 2012: First Raspberry Pi Model B launched, sold 100K+ pre-orders day one, 2015: Best-selling British computer ever (surpassed ZX Spectrum), 2023: Strategic investments from Sony Semiconductor and Arm Holdings, 2024: IPO on London Stock Exchange (LSE: RPI) raising £31.4M for company + £143.1M for Foundation, valued at £540M, 2025: $323.2M FY revenue, 73M+ total units sold, 2026: AI HAT+ 2 with Hailo-10H (generative AI on edge), H1 2026 guidance: $38M+ EBITDA on rising edge AI demand
Growth metrics
FY2025 Revenue: $323.2M; FY2025 Gross Profit: $77.8M; FY2025 Adjusted EBITDA: $46.4M; Units sold (cumulative): 73M+ (as of FY2025 year-end, Dec 2025); FY2025 unit sales: 7.6M; 75% of sales to industrial/embedded customers; Employees: ~140
Market positioning
Dominant leader in ultra-low-cost single-board computing with 68M+ units sold. Transitioning from education/hobbyist roots to industrial/embedded powerhouse (75% of sales now industrial). Public company on LSE (FTSE 250) with $323.2M FY25 revenue. Positioned at the intersection of edge AI, IoT, and embedded computing in a $21B TAM.
Geographic focus
Global — with strong presence in Europe, North America, and Asia-Pacific through 100+ approved resellers across 75 countries
Patents and IP
Raspberry Pi holds patents on its SoC design and system architectures. Granted a patent in 2025 (per investor relations).
About Eben Upton
PhD in Computer Science, BA in Physics & Engineering, and MBA from University of Cambridge; Technical Director and ASIC Architect at Broadcom; Director of Studies in Computer Science at St John's College, Cambridge; Visiting Researcher at Intel; Founder/CTO at Ideaworks3D; Software Engineer at IBM
Official website: https://www.raspberrypi.com