202221 Jul

Zededa lands cash infusion to fund its edge device management software – TechCrunch

Summary

Factors like latency, bandwidth, security and privacy are driving the adoption of edge computing, which aims to process data closer to where its being generated. First, as more devices, people and locations were increasingly being connected, unprecedented amounts of data were being generated Secondly, the sheer scale and diversity of what was happening at the edge would be impossible for organizations to manage in a per-use case fashion. It also guides users through the deployment steps, leveraging open source projects designed for Internet of Things orchestration and cyber defense. Zededas tech stack, for example, builds on the Linux Foundations EVE-OS, an open Linux-based operating system for distributed edge computing.Zededa aims to support most white-labeled devices offered by major OEMs; its vendor-agnostic software can be deployed on any bare-metal hardware or within a virtual machine to provide orchestration services and run apps. Despite the economic downturn, the strategic and transformative potential of edge computing to create new business opportunities is leading investors across verticals to increase their commitment, at a time when they may be more reluctant to invest in other avenues.In any case, Zededa, which has a roughly 100-person team spread across the U.S., Germany and India, is actively hiring and plans to expand its R&D, sales and marketing teams within the year, Ouissal said.

Source: Techcrunch

Funding

$26M
Amount
Jul 21 2022
Date
-
Investor
ZEDEDA
Company

Classifications

Companies