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Expanso Receives Strategic Investment From Samsung Next

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expanso

Expanso, Seattle, WA-based distributed compute company, received a strategic investment from Samsung Next.

The amount of the deal was not disclosed.

The company intends to use the funds to expand operations and its development efforts.

Led by CEO David Aronchick, Expanso provides a distributed computing platform that enables users to process data right where it is, whether that’s across clouds, zones, or regions, on a global scale.

With Bacalhau, the open-source platform being developed by Expanso, users can run workloads reliably across various environments, including cross-region, cross-cloud, on IoT, and edge devices, and even on unreliable networks. The platform can reliably schedule workloads based on where customers need to execute them, with automatic queuing and rescheduling, audit logs, user authentication and authorizations, and will notify users on successful job executions. Additionally, this capability allows users to handle vast amounts of data and extend the deployment of ML models to edge devices.

The company had previously raised $7.5M in Seed round in November 2023.

Commenting on the news, David Aronchick said: “Our role is more about bridging gaps and enabling our customers to freely choose how and where to handle their varied workloads, all while ensuring they maintain full control over their data.”

FinSMEs

17/05/2024