LoneTree Capital completed an investment in Balena.

LoneTree Capital, a growth capital firm, completed an investment in Balena, a platform for deploying, managing, and scaling fleets of edge computing and AI devices. Financial terms were not disclosed. “We’re excited to be taking Balena into the next chapter with a partner who believes in our mission. LoneTree has expertise and experience supporting companies at our stage, and so our decision to partner with them gives us the ability to help more people to leverage the latest AI-enabled edge-computing devices. Balena is the easiest-to-use platform and an accelerator for scaling businesses that utilise these technologies, and now we’ll be able to make the technology even more accessible," Chris Crocker-White, Balena Co-CEO.