ZEDEDA Software: Taking Computing to the Edge

ZEDEDA has closed $26 million in Series B funding, capping a period of exponential growth.

With its latest funding round announced July 21, the California-based software company has now raised more than $55 million since its inception five years ago.

Management said the past 12 months have seen a sharp increase in growth with revenue up 7 times year-over-year, which ZEDEDA attributes to existing customers applying the company’s solution across different edge deployments and to new customers beginning their edge deployments.  

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 ecosystem around ZEDEDA’s solution for edge computing has attracted strategic partnerships and integrations with Google, Microsoft, PTC, and SUSE.