Bug Labs | 548 followers on LinkedIn. Bug Labs is a New York City-based technology company founded in 2006 as one of the world's first open-source hardware innovators, with initial backing from Union Square Ventures and Spark Capital. In 2010, the company shifted its focus and became a leader in IoT enterprise software development, quickly attracting a range of Fortune 500 clients. Today, Bug Labs' flagship product, Signalpattern, enables organizations to eliminate data silos and streamline API interactions without the need for developers.