Synadia Secures $25 Million Series B

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN MATEO<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4097396-1&amp&semi;h&equals;1283627202&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;synadia&period;com&percnt;2F&amp&semi;a&equals;Synadia&plus;Communications&percnt;2C&plus;Inc&period;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Synadia Communications&comma; Inc&period;<&sol;a><&sol;u>&comma; creators and maintainers of <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4097396-1&amp&semi;h&equals;1582067939&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fnats&period;io&percnt;2F&amp&semi;a&equals;NATS&period;io" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">NATS&period;io<&sol;a><&sol;u> &lpar;NATS&rpar;&comma; the open-source cloud and edge-native messaging system for high-performance data streaming&comma; has closed a <span class&equals;"xn-money">&dollar;25 million<&sol;span> Series B financing round&period; Led by Forgepoint Capital&comma; the investment round includes participation from existing investors and new investors Singtel Innov8&comma; LDVP and 5G Open Innovation Lab&period; Forgepoint Managing Director <u><span class&equals;"xn-person">Ernie Bio<&sol;span><&sol;u> will join Synadia&&num;8217&semi;s board of directors&period;<&sol;p>&NewLine;<p>The round brings Synadia&&num;8217&semi;s total funding to <span class&equals;"xn-money">&dollar;51 million<&sol;span> raised to date and further validates the company&&num;8217&semi;s holistic approach to solving the increasingly complex and pervasive challenges of distributed computing&comma; which is driving rapid growth in edge computing investments&period; The recent <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4097396-1&amp&semi;h&equals;771529165&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;idc&period;com&percnt;2Fgetdoc&period;jsp&percnt;3FcontainerId&percnt;3DIDC&lowbar;P39947&amp&semi;a&equals;Worldwide&plus;Edge&plus;Spending&plus;Guide" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Worldwide Edge Spending Guide<&sol;a><&sol;u> from International Data Corporation &lpar;IDC&rpar; predicts that the worldwide edge computing market will reach <span class&equals;"xn-money">&dollar;250&period;6 billion<&sol;span> in 2024 with a compound annual growth rate &lpar;CAGR&rpar; of 12&period;5&percnt; from 2019 to 2024&period;<&sol;p>&NewLine;<p>The latest round of funding will enable Synadia to further accelerate the growth of NATS&period;io&comma; the connective platform used by tens of thousands of companies daily to extend their digital services to the edge&period; For leading enterprises such as Rivian and Walmart to rapid growth startups like Replit and Personal&period;AI&comma; NATS is becoming the defacto platform for delivering newly developed edge applications where data and micro-services needs to be accessed closer to the user whether for performance or to reduce escalating cloud costs&period; These new applications span areas such as AI&sol;ML&comma; real-time customer experience&comma; immersive retail&comma; and industrial IoT&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Companies are increasingly shifting beyond the cloud to the edge to better anticipate and address customer and operational needs of speed and data management&period; As they do this&comma; legacy technologies are not built for distributed cloud architecture and optimizing user experience&comma;&&num;8221&semi; said Bio&period; &&num;8220&semi;Synadia has experienced rapid growth and widespread customer adoption due to the flexibility and reliability of its Adaptive Edge platform and its &&num;8216&semi;secure by design&&num;8217&semi; architecture which meets the growing industry demand to improve performance&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Founded in 2017 by CEO <span class&equals;"xn-person">Derek Collison<&sol;span>&comma; the creator of NATS&comma; Synadia entered the market to address the challenges of edge and multi-cloud computing&period; It has established itself as a leader in developing and supporting highly available&comma; low-latency applications and microservices for multi-cloud and edge environments&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Building on the rapid success of the NATS open-source project&comma; our Synadia Cloud and Synadia Platform offerings continue to drive exceptional value&comma;&&num;8221&semi; said Collison&period; &&num;8220&semi;With the support of Forgepoint Capital and our other investors&comma; Synadia is well-positioned to provide real-time and secure access to services and data in any geography&comma; with any cloud provider&comma; and at any edge location&period; This funding further validates our product-market fit&comma; accelerates our momentum&comma; and underscores the significant opportunity in front of us to further power the proliferation of modern distributed systems&period;&&num;8221&semi;<&sol;p>&NewLine;