ZEDEDA Software: Taking Computing to the Edge

The orchestration and management software is like an operating system for the edge, and oil and gas companies are using it to handle data heavy tasks in wide-ranging locations, ZEDEDA’s CEO and co-founder tells Hart Energy.

“At the highest level, edge computing comes after cloud computing,” ZEDEDA CEO and co-founder Said Ouissal told Hart Energy, explaining that the oil and gas industry is shifting toward edge computing to satisfy its computing needs. (Source: Tavarius / Shutterstock.com)

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. 

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Jennifer Pallanich

Jennifer Pallanich is Hart Energy's senior editor for technology. She has reported on the technology that fuels oil patch exploration, development and production for more than two decades.