Mutable, a NYC-based Public Edge Cloud technology company, raised $1.5m in seed funding.
The round was led by Lunar Ventures and Fly Ventures with participation from Momenta Ventures, Acequia Capital, and Charlie Songhurst.
The funds will be used to further develop Mutable’s Public Edge Cloud, add staff to their product and business development teams and expand the company’s reach into new markets and regions as edge computing continues to grow.
Mutable has already welcomed four new hires and is currently in the process of hiring more engineers and business development professionals. Led by CEO and co-founder Antonio Pellegrino and CTO Nathalie Zadoks, Mutable is creating a public edge cloud that delivers fast internet and quality of service for customers by acting as an Airbnb of servers. The company works with operators to turn their edge capabilities into a competitive advantage against “hyper scalers” by reducing latency, boosting security and increasing bandwidth for their assets while securing new revenue streams.
Mutable, a Techstars and UpRamp alumni company, is also launching the Mutable Marketplace, a curated platform for vendors with edge solutions to facilitate product demonstrations and deployment directly to some of the largest cable and telecom operators through the Public Edge Cloud. Over 20 edge services providers have already set up profiles on the Marketplace, including Parsec, Plume, Teltoo and more.