Zededa gains funding for edge computing
Startup Zededa announced it has closed $3.06 million in seed-stage funding. Zededa says its goal is a secure, cloud-native approach to scaling out real-time edge applications for solutions ranging from self-driving cars to industrial robots.
“Tomorrow’s edge computing environment will be distributed, autonomous, and cooperative. The edge is complex, and not only has to scale out securely, but simultaneously must become friendlier for app developers. That's the problem we are solving at Zededa,” said Zededa CEO and Co-founder Said Ouissal. “True digital transformation requires a drastic shift from today’s embedded computing mindset to a more secure-by-design, cloud-native approach. This will unlock the power of millions of cloud app developers and allow them to digitize the physical world as billions of ‘things’ become smart and connected.”
Zededa said it will use the funding for continued research and product development, investment in community open-source projects for edge computing, and sales and marketing initiatives. Investors in the company include Wild West Capital and Almaz Capital, whose funding was part of a broader group of investors, some of whom also invested in IoT/edge companies Theatro and Sensity Systems (now Verizon). Representatives from the company added that it envisions an open ecosystem and a completely new technology stack that creates the service fabric essential to achieving the hyperscale that edge computing requires.
“A new paradigm and massive innovation is needed to meet demand for IoT and edge computing,” said Kevin DeNuccio, Founder of Wild West Capital and Zededa’s lead investor. “Sea changes in technology, including the proliferation of IoT, pave the way for industry disruption, which large incumbents tend to inhibit. Disruption takes a combination of an entrepreneurial team with a very unique set of collective experience, groundbreaking ideas, and the ability to gain immediate traction with global industrial leaders, who can transform their businesses with machine learning and artificial intelligence delivered by the edge-connected IoT world. Zededa is simply one of the most promising edge computing startups out there.”
“Operations Technology teams face major challenges when it comes to fully realizing the advantages of an IoT world. Their worlds are becoming massively connected systems dealing with virtualization, networking, and security,” stated Christian Renaud, Research Director, IoT at 451 Research. “Our recent research shows that while OT teams have the application plans for leveraging IoT, the vast majority of organizations’ IT resources and capabilities are maxed out. This leaves open the question of how these edge applications and IoT will scale out without compromising security or taxing resources even further in the future.”
Zededa is currently accepting sign-ups for early access to its platform, which will move into customer trials in the first half of 2018.