ZEDEDA, a leader in edge orchestration, announced that it has closed $26 million in Series B funding, capping a period of exponential growth. The broad range of new and existing investors — including Coast Range Capital, Lux Capital, Energize Ventures, Almaz Capital, Porsche Ventures, Chevron Technology Ventures, Juniper Networks, Rockwell Automation, Samsung Next and EDF North America Ventures — signals the importance of edge computing to companies across all industries and verticals.
All existing investors participated in this latest round of financing, which has doubled the previous investment in the company. ZEDEDA has now raised more than $55 million since its inception.
ZEDEDA will use the latest round of funding to support its expanding customer base, accelerate research and development and expand its marketing and sales operations. The budding ecosystem around the industry’s first open orchestration solution has attracted strategic partnerships and integrations with Google, Microsoft, PTC, and SUSE. ZEDEDA’s expanding customer base includes OEM activities with Global 500 companies, including a leading global virtualization software provider and a leading industrial automation company.
Harry Forbes, ARC Advisory Group, commented, “ZEDEDA is developing a comprehensive partner ecosystem and a broad range of investors who have a stake in scalable virtualization of the industrial edge. I believe edge virtualization is critical for end users because they need both legacy software support and a zero-touch lifecycle for all their edge applications.”