Total amount raised
$129.5 Millions
Latest funding date
1/1/2025
Location
ZEDEDA has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company specializes in providing distributed orchestration and virtualization software for Edge AI Compute.
Keep reading to delve into the details of ZEDEDA's funding journey and discover the key investors supporting this innovative platform.
What Is ZEDEDA?
Founded in October 2016, ZEDEDA is based in San Jose, California. The company was established by Erik Nordmark, Roman Shaposhnik, Said Ouissal, and Vijay Tapaskar.
ZEDEDA specializes in providing distributed orchestration and virtualization software for Edge AI Compute. Their solutions focus on enhancing visibility, control, and security for distributed edge gateways, applications, and networks.
With a team of 101-250 employees, ZEDEDA continues to innovate in the field of edge computing, offering products like ZEDEDA Edge Kubernetes Service and ZEDEDA Cloud.
How Much Funding Has ZEDEDA Raised?
- Seed Round
- Amount Raised: $3.1M
- Date: February 2018
- Lead Investors: Almaz Capital, Wild West Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their edge computing solutions.
- Series A
- Amount Raised: $15.9M
- Date: February 2019
- Lead Investors: Energize Capital, Lux Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Series A
- Amount Raised: $12.5M
- Date: March 2021
- Lead Investors: EDF North America Ventures, Juniper Networks, Rockwell Automation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their edge orchestration capabilities and increase market reach.
- Series B
- Amount Raised: $26M
- Date: July 2022
- Lead Investors: Coast Range Capital
- Valuation at Round: $193M
- Motivation Behind the Round: To accelerate growth and meet the rising demand for edge computing solutions.
- Series C
- Amount Raised: $72M
- Date: February 2024
- Lead Investors: Smith Point Capital
- Valuation at Round: $400M
- Motivation Behind the Round: To expand sales and marketing activities and accelerate R&D.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance product offerings.
Total Amount Raised: $129.5M
Current Valuation: $400M
Key Investors
- Smith Point Capital
- Details: Founded by former Salesforce Co-CEO Keith Block, Smith Point Capital is a venture firm that focuses on transformative technology investments. The firm led ZEDEDA's Series C funding round.
- Investment Focus Areas: Technology, enterprise solutions, AI.
- Notable Investments: Not publicly disclosed.
- Lux Capital
- Details: Lux Capital is a venture capital firm that invests in emerging science and technology ventures. They have been a returning investor in ZEDEDA.
- Investment Focus Areas: Emerging science, technology, AI.
- Notable Investments: Auris Health, Zoox, Kallyope.
- Chevron Technology Ventures
- Details: The venture capital arm of Chevron Corporation, focusing on energy technology. They are a returning investor in ZEDEDA.
- Investment Focus Areas: Energy technology, industrial innovations, AI.
- Notable Investments: ChargePoint, Carbon Clean Solutions, Natron Energy.
- Coast Range Capital
- Details: Coast Range Capital is a private equity firm that led ZEDEDA's Series B funding round. They focus on growth investments in technology companies.
- Investment Focus Areas: Technology, growth-stage companies, AI.
- Notable Investments: Not publicly disclosed.
- Juniper Networks
- Details: Juniper Networks is a multinational corporation that develops and markets networking products. They have invested in ZEDEDA to enhance their edge computing capabilities.
- Investment Focus Areas: Networking, cloud computing, AI.
- Notable Investments: Not publicly disclosed.
What's Next for ZEDEDA?
As ZEDEDA looks to the future, the opportunities are vast. The edge computing market is set to grow significantly, with predictions that by 2027, 20% of large enterprises will have deployed an edge management and orchestration solution. This growth is driven by the increasing need for AI and machine learning at the edge, making ZEDEDA's solutions more relevant than ever. The company plans to leverage its recent $72 million funding to expand globally, enhance its product offerings, and boost research and development.
Future fundraising opportunities appear promising, given the strong investor interest and ZEDEDA's impressive growth metrics, such as a 250% increase in annual recurring revenue. However, the company will need to navigate challenges like scaling operations to meet demand and maintaining a competitive edge in a rapidly evolving industry. Strategic partnerships and potential acquisitions could play a crucial role in overcoming these hurdles and sustaining ZEDEDA's momentum.
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