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ZEDEDA Lands $26M in Series B Funding

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Data is the lifeblood of modern business, providing valuable business insight and supporting real-time control over critical business processes and operations. Today's businesses are awash in an ocean of data, and huge amounts of data can be routinely collected from sensors and IoT devices operating in real-time from remote locations and inhospitable operating environments almost anywhere in the world. It’s because of this abundance of data that edge computing has been one of the most impactful recent technological innovations.

The ability to move some portion of storage and compute resources out of the central data center and closer to the source of the data itself is what has made edge computing so critical for enterprises today. Even with a variety of new devices and applications coming to light since the advent of the edge, it is still one of the fastest growing technologies out there today. Worldwide spending on edge computing is expected to reach $176 billion in 2022, a sizable increase of 14.8 percent over last year, according to new figures from analyst IDC.

Along with edge computing also came the rise of cloud-native principles, management, and solutions. Cloud-Native design principles are increasingly being used for designing modern applications built to run in public, private, and hybrid cloud architectures. They are designed to leverage the power of the cloud, take advantage of its ability to scale, and quickly recover in the event of server failure.

A cloud-native approach at the edge offers a plethora of benefits, with the most notable pertaining to deployment, efficiency, and scalability. For example, a cloud-native approach to edge extends the principles supporting a continuous integration/continuous deployment (CI/CD) model, which can streamline the delivery of code changes, enabling more frequent changes and updates. This includes completing faster rollbacks and being able to more quickly fix edge deployments that break or introduce bugs.

As for efficiency, cloud-Native enables an OpEx model, allowing providers to leverage a demand-based approach, using flexible workflows and customized resource utilization to best meet the needs of each application’s unique requirements. On top of this, cloud-native principles present the opportunity for unified large-scale application delivery, maintenance, and control on distributed edge devices. Scaling through software as opposed to people leads to reduced costs and higher resiliency.

Cloud-native technology, just like its companion edge computing, is also one of the fastest growing parts of the business world. According to a new report by Tigera, 75 percent of companies are focusing development on cloud-native applications. Furthermore, by 2025, Gartner estimates that more than 95 percent of new digital workloads will be deployed on cloud-native platforms, up from 30 percent in 2021.

This growth comes as no surprise, as companies in all industries realize the benefits a cloud-native approach has to offer. More businesses are beginning to reach out, looking for either the equipment necessary to transition to cloud-native or a partnership with a company that can assist in the journey. This means, along with the booming cloud-native industry is the success and rapid growth of those enterprises within the sector.

Recently, ZEDEDA, an enterprise that provides a scalable cloud-based orchestration solution that delivers visibility, control, and security for distributed edge computing, announced they have raised $26 million in Series B funding. In total, ZEDEDA has now raised more than $55 million since its inception, and the funding aims to make edge computing effortless, open, and intrinsically secure.

The round saw participation from 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.

“Hardware diversity on the edge is a challenge for many global companies. ZEDEDA’s technology has the potential to unify an entire ecosystem of hardware and apps,” said Jim Gable, vice president, innovation, and president of technology ventures at Chevron. “The technology is designed to enable remote device management and application orchestration that could improve data visibility, control, and security.”

ZEDEDA said it 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 company added that the budding ecosystem around the industry’s first open orchestration solution has attracted strategic partnerships and integrations with Google, Microsoft, PTC, and SUSE.
Arti Loftus is an experienced Information Technology specialist with a demonstrated history of working in the research, writing, and editing industry with many published articles under her belt.

Edited by Greg Tavarez

Special Correspondent

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