Macrometa Corporation, a Palo Alto, Calif.-based edge computing cloud and global data network (GDN) for developers, closed a $20M Series A funding round.
This round, which brought Macrometa’s total funding to date to $29M, was led by Pelion Venture Partners, with participation from existing investors DNX Ventures, Benhamou Global Ventures (BGV), Partech Partners, Fusion Fund, Sway Ventures, and Shasta Ventures.
The company plans to use the new funding to accelerate its customer acquisition and feature development, integrate with CDN, Cloud and Telecom providers and scale its customer success efforts.
Led by CEO Chetan Venkatesh, Macrometa enables web and cloud native developers to build and run transformative, event driven, data heavy, concurrent, serverless cloud applications globally across an expansive network of 175 edge regions. The company has seen significant adoption by global enterprise customers, 5G telecom providers, as well as leading web scale SaaS and web services providers. These customers use Macrometa to add real time noSQL databases, stream analytics, instant query, and search functionality to their apps and API backends.
The company is headquartered in Palo Alto, CA with operations in Bulgaria and India.
FinSMEs
16/06/2021