ZEDEDA bags Series B

ZEDEDA, which provides a scalable cloud-based orchestration solution that delivers visibility, control and security for distributed edge computing, has raised $26m in Series B funding.

The round saw participation from new and existing investors, including Coast Range Capital, Lux Capital, Energize Ventures, Almaz Capital, Porsche Ventures, Chevron Technology Ventures, Juniper Networks, Rockwell Automation, Samsung Next and EDF North America Ventures.

ZEDEDA, which has now raised more than $55m since its inception, aims to make edge computing effortless, open, and intrinsically secure.

The company provides a distributed, cloud-native edge management and orchestration solution, which it said simplifies the security and remote management of edge infrastructure and applications at scale.

ZEDEDA said it will use the latest round of funding to support its expanding customer base, accelerate research and development and expand its marketing and sales operations. The company added that the budding ecosystem around the industry’s first open orchestration solution has attracted strategic partnerships and integrations with Google, Microsoft, PTC, and SUSE.

Jim Gable, vice president, innovation and president of technology ventures at Chevron, said, “Hardware diversity on the edge is a challenge for many global companies. ZEDEDA’s technology has the potential to unify an entire ecosystem of hardware and apps. The technology is designed to enable remote device management and application orchestration that could improve data visibility, control and security.”

SAM Seamless Network, a cybersecurity platform aimed at SMBs, recently raised $20m in its Series B funding round.

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.