The edge virtualization software company, ZEDEDA has raised $12.5M in an oversubscribed Series A funding round. Energize Ventures and Lux Capital co-led the round and each of the companies invested heavily in companies fundamentally advancing how society implements and utilizes advances in technology.
The existing investors including Wild West Capital, Almaz Capital, Barton Capital, and industry veteran Ed Zander, former CEO of Motorola and former COO of Sun Microsystems participated in the round.
As part of the funding, Kevin DeNuccio, Founding Partner at Wild West Capital, Juan Muldoon, Principal at Energize Ventures and Bilal Zuberi, Partner at Lux Capital will be joining ZEDEDA’s board of directors.
Building Edge Virtualization for Connected Operations
Connected assets operating at the enterprise edge are forecasted to approach 20 billion over the next year and the vast majority of the massive amounts of data they generate will have to be processed at the cyber-physical edge. Organizations need a software-defined, hardware- and cloud-agnostic solution for processing that data. Since that processing will happen outside secure datacenters, the solution must be capable of scaling advanced applications like AI across large numbers of devices operating in industrial settings or remote locations while rebuilding security from the ground up in a zero-trust model.
ZEDEDA makes it possible to securely deploy any application, on any hardware, over any network, at the edge, that can operate autonomously - independent of the connectivity to the cloud or corporate data center. ZEDEDA’s open standards-based edge virtualization software gives organizations complete control of their edge data and avoids vendor lock-in regardless of the apps and clouds they choose to implement.
“Building, deploying, and running apps at the edge should be just as easy and secure as it is for the cloud today. This funding supports our vision of creating a cloud-native edge that is open-source, ultra-secure, and standards-based,” said ZEDEDA CEO Said Ouissal. “Removing the complexity of edge infrastructure in a way that is secure and vendor agnostic enables far greater control over corporate data. That, in turn, boosts business agility and innovation through the use of distributed and local AI and IoT applications acting on the massive amounts of edge data generated per second.”
ZEDEDA has partnered with a powerful group of seasoned investors with a track record of investing in iconic companies that play a central role in disrupting the status quo, revitalizing older industries, and speeding existing industries toward technology-driven efficiencies not previously thought possible.
“We have been very pleased to see the continued accelerated adoption of our technology by several enterprises, particularly within the energy and industrial organizations, and that consequently drove strong interest from many investors to participate in our oversubscribed Series A,” said Ouissal. “Energize Ventures and Lux Capital are exceptional and complementary investors, strongly aligned with our company vision, ambitions, values and principles, and I am excited to partner with them as we continue to build our leadership position in edge virtualization.”
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