SANTA CLARA — ZEDEDA, a provider of edge virtualization software, has secured $16 million in an oversubscribed Series A funding round. The round was co-led by Energize Ventures and Lux Capital. The funds will go toward scaling ZEDEDA’s infrastructure, increasing R&D, and expanding sales, marketing, and customer success programs to provide greater support to its growing, global customer base.
Existing investors participating in the round included Wild West Capital, Almaz Capital, Barton Capital, and industry veteran Ed Zander, former CEO of Motorola and former COO of Sun Microsystems.
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.”