Zededa, a San Jose, CA-based edge management and orchestration company, raised $72M in Growth funding.
The round, which brought the total amount to $127M, was led by Smith Point Capital, with participation from Hillman Company, LDV Partners, Endeavor Catalyst Fund and Forward Investments (DEWA) as new investors and Lux Capital, Almaz Capital, Coast Range Capital, Juniper Networks, Emerson Ventures, Chevron Technology Ventures, 5G Open Innovation Lab, Rockwell Automation and Porsche Ventures as returning investors.
The company intends to use the funds to accelerate its global expansion.
Led by CEO and Founder Said Ouissal, Zededa makes edge computing effortless, open and intrinsically secure — extending the cloud experience to the edge. It reduces the cost of managing and orchestrating distributed edge infrastructure and applications while increasing visibility, security and control.
Commenting on the news, Said Ouissal, said: “This latest round of investment validates our leadership position as the preferred choice of large enterprises for their edge management and orchestration needs.”
FinSMEs
07/02/2024