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Manufacturing Technology Insights | Tuesday, May 04, 2021
ZEDEDA has announced a $12.5 million extension to its $16 million Series A round, which closed in February 2019, taking its total funding to $28.5 million.
FREMONT, CA: ZEDEDA, the pioneer in orchestration for the distributed edge, announces a $12.5 million extension to its $16 million Series A round, which closed in February 2019, taking the company's total funding to $28.5 million.
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Customers are adopting ZEDEDA's innovative orchestration approach for the distributed edge, and the new round of institutional investment validates the company's momentum in the sector. ZEDEDA plans to use the new funds to expand its activities, including investments in R&D, sales, and marketing.
Strategic investors like Rockwell Automation, Juniper Networks, and EDF North America Ventures (a wholly-owned subsidiary of EDF Trading North America) understand the business opportunities of edge computing and ZEDEDAs capability as the first in the industry to address the specific challenges of installing, maintaining, and securing hardware and applications at the distributed edge on-premises, near-premises, and in the field. Almaz Capital, Energize Ventures, Lux Capital, and HBAM were among the existing investors in the round.
Operationalizing Secure Distributed Edge Computing at Scale
End-users, OEMs, machine builders, infrastructure vendors, and system integrators may benefit from ZEDEDA's cloud-based orchestration solution, which is sold and consumed entirely as a service. It supports any hardware, any program, and any cloud or on-premises system. By mid-2021, the company plans to have more than tripled the number of customer edge nodes under control.
Investor Perspectives on $12.5M Strategic Institutional Funding Round
"We see investment in software development to be a key opportunity for driving future growth, including accelerating our Software-as-a-Service opportunities," said Brian Shepherd, Senior Vice President, Software & Control at Rockwell Automation. "With its focus on providing a flexible edge architecture that meets the needs of existing industrial customers while providing them a path to modernization, as well as enabling new customers seeking to leverage more agile, cloud-native technologies, ZEDEDAs as-a-service solution fits naturally into our overall strategy."
"With our commitment to building a net-zero energy future, we believe it's critical to enable energy providers to optimize operations, maximizing efficiency and output," said Mary Ann Brelinksky, President, EDF Energy North America. "IoT and edge computing are instrumental in driving these efforts, and ZEDEDA provides the perfect computing foundation that will scale for the future, enabling our customers to implement new technologies that will analyze and respond in real time to their operations."
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