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This project is just brilliant and it would be a waste to see it disappear. It makes life for embedded software developers so much easier, by providing a single environment that supports a wide array of target boards and IDEs.

Their quest for funding may still need a slightly different approach though. I really hope an investor can see the value of this project without the business case or profit model being spelled out exactly.

PlatformIO is exactly the kind of 'infrastructure project' that everyone is always suggesting YC should fund. I think they should consider a Kickstarter as well - this seems to have worked for a few similar projects.

Developing for embedded devices (in fact, developing C/C++ in general) is currently a complete mess. Fixing it properly will have significant knock-on value.