Edge Delta, a Seattle, WA-based company which analyzes data using distributed stream processing and federated machine learning, raised $15m in Series A funding.
The round was led by Menlo Ventures and Tim Tully, the former CTO of Splunk, with participation from previous investors MaC Venture Capital and Amity Ventures.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Ozan Unlu, founder and CEO, and Fatih Yildiz, co-founder and CTO, Edge Delta gives enterprises the ability to use distributed stream processing and federated machine learning capabilities for intelligent, dynamic, and automated data routing to optimal destinations. leading to operational efficiencies and predictability that was previously not possible.
This stream processing allows corporations to analyze machine data output such as logs, metrics, events, traces, telemetry at the source, resulting in deep real-time analysis.
FinSMEs
25/06/2021