ZEDEDA announces close of $16 million Series A funding round
Category: #tech  By Mateen Dalal  Date: 2019-02-26
  • share
  • Twitter
  • Facebook
  • LinkedIn

ZEDEDA announces close of $16 million Series A funding round

The funding is to support the company’s vision of creating an ultra-secure, open-source and standards-based cloud-native edge.

ZEDEDA, one of the leaders in edge virtualization software announced that the company has recently secured a substantial Series A funding round with $16 million. The round, which has been considered as ‘oversubscribed’ has been co-led by Lux Capital and Energize Ventures who are known for investing in companies that are involved in the fundamental advancement of the society’s approach to implementation and utilization of progressive technology.

 According to sources close to the matter ZEDEDA will use the funds for scaling infrastructure, expanding sales, marketing, increasing R&D and promoting customer success programs that will provide greater support for a global customer base.

Almaz Capital, Wild West Capital and Barton Capital besides industry veteran Ed Zander, former COO of Sun Microsystems and former CEO of Motorola also participated in the round. Reports say that Founding Partner at Wild West Capital, Kevin DeNuccio, Partner at Lux Capital, Bilal Zuberi and Principal at Energize Ventures, Juan Muldoon will join the board of directors of ZEDEDA as part of the funding.

ZEDEDA securely deploys any application over any network, on any hardware that can operate autonomously at the edge, irrespective of the connectivity to the corporate data center or cloud. The open standards-based edge virtualization software by ZEDEDA gives organizations complete control of their edge data and helps in vendor lock-in evasion regardless of the apps and clouds they choose to implement.

Said Ouissal, CEO, ZEDEDA, has been reported to say that the funding is to support the company’s vision of creating an ultra-secure, open-source and standards-based cloud-native edge. Ouissal said that creating, deploying, and running apps at the edge should be as secure and easy as it is in the cloud. Therefore ZEDEDA focuses on the removal of complexity of edge infrastructure so that it enables greater control over corporate data. He said that this will in turn boost business agility through the use of local and distributed IoT and AI applications acting on the enormous amounts of edge data generated each second.

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal    

Mateen Dalal

Mateen has completed his Bachelor’s degree in electronics and telecommunication engineering, post which he lent his proficiency to the industry, working as a quality and test engineer. Drawn intricately toward the field of content creation however, Mateen soon switc...

Read More

More News By Mateen Dalal

Abbott unites with Real Madrid to aid child welfare worldwide
Abbott unites with Real Madrid to aid child welfare worldwide
By Mateen Dalal

Abbott’s partnership with Real Madrid will cater to children’s education, social welfare, sports activities in around 80 countries It will also provide health and nutritional assistance to Academy teams and product development and inn...

TotalEnergies commences its UK Offshore Wind Hub in Scotland
TotalEnergies commences its UK Offshore Wind Hub in Scotland
By Mateen Dalal

French oil and gas major, TotalEnergies SE has inaugurated its UK Offshore Wind Hub in Scotland which will be part of the company's existing offshore operations center in Aberdeen and allow employees to shift from oil and gas to offshore win...

Saudi Arabia’s wealth fund to launch offshore tourism project ‘THE RIG’
Saudi Arabia’s wealth fund to launch offshore tourism project ‘THE RIG’
By Mateen Dalal

One of the world’s largest sovereign wealth funds, Public Investment Fund has recently announced plans for a tourism project called “THE RIG”, which includes building a 150,000 square meter resort in the Arabian Gulf on an oil rig p...