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ZEDEDA | July 25, 2022
ZEDEDA, the leader in edge orchestration, announced today 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.
“All aspects of our business — from a growing base of Global 500 customers to major strategic partnerships and growth in deployed edge nodes — are on a terrific path,” said Said Ouissal, founder and CEO of ZEDEDA. “This latest round of investment validates that our open framework and ecosystem approach to the distributed edge is the ideal choice for the future of connected operations.”
A recent Worldwide Edge Spending Guide from IDC forecasted double-digit growth for investments in edge computing. This year’s total is expected to be $176 billion, an increase of 14.8% over 2021, with a 2025 target of nearly $274 billion.
“The market for edge computing solutions is poised for tremendous expansion, and we believe ZEDEDA will be a major contributor,” said Tom Gallo, Managing Partner at Coast Range Capital. “They combine innovation and expertise like no one else in the industry, and we are excited to join them on their journey in this round of funding.”
“Businesses worldwide are looking to take advantage of the benefits of edge computing as they look for ways to support remote work and improve efficiency,” said Bilal Zuberi, Partner at Lux Capital, who has participated in every fundraising round for ZEDEDA. “As a long-time investor, we’re excited to double down with ZEDEDA as they continue to grow rapidly.”
ZEDEDA to Accelerate Momentum After a Year of Dramatic Growth
The past 12 months have seen a sharp increase in ZEDEDA’s growth as a company. Revenue is up 7x year-over-year, while at the same time, its number of nodes under management has risen by 4x. ZEDEDA’s strong growth is fueled by existing customers now applying the company’s solution across different edge deployments in addition to new customers beginning their edge deployments.
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.
Strategic Investor Perspectives on $26M Series B Funding Round
The wide adoption of cloud computing by distributed organizations is accelerating the growth of edge computing, as organizations across all verticals are implementing business-transforming use cases. Industries from manufacturing to energy to automotive are turning to edge computing to manage and process vast amounts of data from new sources within their distributed operations and organizations.
“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. The technology is designed to enable remote device management and application orchestration that could improve data visibility, control and security,” said Jim Gable, Vice President, Innovation and President of Technology Ventures at Chevron. “This is the latest investment from our Core Energy Fund 7, which focuses on operational enhancement, digitalization and lower carbon technologies.”
“The explosion of data generated from the ever-growing number of devices, machines and sensors at the edge of the network is driving a fundamental shift and the need to build next-generation AI-driven networks with intelligent edge computing and processing capabilities,” said Sujai Hajela, EVP, AI-Driven Enterprise at Juniper Networks. “ZEDEDA provides a unified orchestration experience across hardware, software, networks and clouds, and this, along with impressive execution and ability to meet the ambiguous and evolving demands of today’s enterprise edge market, has made them a trusted partner for organizations looking to transform their operations.”
“Managing data at the edge is increasingly mission-critical for enterprises that need to optimize real-time decision-making, maximize operational efficiency, and drive new business outcomes,” said Raymond Liao, Managing Director at Samsung Next. “We are confident that the ZEDEDA team is in a strong position to deliver scalable infrastructure solutions to a rapidly growing pipeline of IIoT customers."
“As part of Porsche’s commitment to innovation, the company is always looking for technology that supports our ability to generate unique and sustainable solutions, This extended partnership with ZEDEDA creates exciting possibilities for the automotive industry to take advantage of increased network speed and computing capacity.”
Mattias Ulbrich, CEO of Porsche Digital and CIO of Porsche
ZEDEDA makes edge computing effortless, open, and intrinsically secure - extending the cloud experience to the edge. ZEDEDA reduces the cost of managing and orchestrating distributed edge infrastructure and applications, while increasing visibility, security and control. ZEDEDA delivers a distributed, cloud-native edge management and orchestration solution, simplifying the security and remote management of edge infrastructure and applications at scale.
ZEDEDA ensures extensibility and flexibility by utilizing an open partner ecosystem with a robust app marketplace and leveraging an open architecture built on EVE-OS, from the Linux Foundation. EVE-OS is a lightweight, open-source Linux-based engine. ZEDEDA delivers instant time to value, has thousands of nodes under management and is backed by world-class investors with teams in the United States, Germany and India
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Fungible | June 08, 2022
Fungible Inc., the dynamic composable infrastructure business, today announced the launch of Fungible Storage Cluster® (FSC) 4.1, which adds support for high-performance VMware vSphere settings.
In managing complex and dynamic computational environments, virtual machines give unrivaled flexibility. Storage needs for workloads operating in virtualized environments can vary. Fungible's high-performance all-flash array based on NVMe/TCP is now vSphere certified and available for VMware virtualized environments for demanding applications. Customers can now enjoy the improved management of vSphere paired with the excellent performance of Fungible's Storage Cluster thanks to the newest version (4.1).
Marc Fleischmann, Cloud CTO, VMware said that "NVMe/TCP enables vSphere customers to accelerate their storage performance while leveraging existing investments and lowering complexity. Through collaboration with innovative companies such as Fungible, VMware continues to build a world-class ecosystem of technology partners that offer our customers flexibility and choice to meet their business requirements.”
Customers can use NVMe/TCP to connect FSC storage into their ESXi hosts and obtain what looks to be local storage. Even though it is a shared resource, the resultant performance is essentially comparable to local storage, and the cost advantages mirror the performance benefits.
Eric Burgener, Research Vice President, Infrastructure Systems, Platforms and Technologies at IDC said that “VMware vSphere is the virtualization infrastructure of choice for a variety of mission-critical, performance-sensitive workloads in the data center. As IT organizations deploy more workloads that require accelerated compute and storage, the use of composable, disaggregated infrastructure (CDI) like that available from Fungible will be deployed more often to enable the more efficient use of these types of resources in VMware environments. IDC expects that the CDI market overall will top $4.8 billion by 2025.”
“VMware has long led the drive to improve flexibility and utilization of data center infrastructure. Now with the latest release of our vSphere certified Fungible Storage Cluster, VMware users can further enhance their ability to tune demanding workloads to get the utmost performance and flexibility. Trade-offs of flexibility versus performance are no longer required. Pairing VMware with NVMe/TCP for storage access with our DPU-powered Storage Cluster allows VMware customers to address the performance requirements of today's modern applications.”
Pradeep Sindhu, Co-Founder and CDO of Fungible
FSC may also result in storage cost reductions for vSphere users since its erasure coding offers comprehensive data protection at a lower cost than typical RF1 or RF2 replication. Moreover, Fungible's composable data architecture allows for the flexibility to compose storage to suit current demands and recompose it to adjust to the changing needs, giving exceptional investment protection.
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Devolutions | July 04, 2022
Devolutions, a software company, announced today that its flagship product Remote Desktop Manager (RDM) has been recognized by G2 with the following badges: Leader, High Performer, and Leader Europe. These accomplishments are highlighted in G2's Summer Report, which is based on evaluations supplied by verified people having direct, hands-on experience with a specific product. Products were evaluated for inclusion in the Summer Report based on the following criteria: ease of conducting business, quality of assistance, and probability of recommending the product.
G2, the world's largest and most recognized software marketplace, delivers information to over 60 million business professionals each year to help them make wiser software selections based on real peer evaluations. Products that receive G2's Leader, High Performer, and Leader Europe badges have received extremely high evaluations from G2 users as well as significant Satisfaction and Market Presence scores.
RDM from Devolutions allows for the consolidation of all remote connections on a single platform that can be safely shared between users and throughout the whole team. This solution enables IT departments to drive organizational security, speed, and productivity while decreasing inefficiencies, expense, and risk. Remote Desktop Manager now has a 4.7-star rating from G2 users, with 84 percent giving it a 5-star rating.
Sara Rossio, chief product officer at G2 Commented, “Rankings on G2 reports are based on data provided to us by real software buyers. Potential buyers know they can trust these insights when researching and selecting software because they’re rooted in vetted, verified and authentic reviews.”
“Since day one at Devolutions, we have always put customers at the center of everything that we do. We are grateful and energized to see that this commitment is helping millions of IT pros around the world use Remote Desktop Manager, as well as our other solutions, to improve security, productivity, operational simplicity, communications, governance, and compliance,”
David Hervieux, CEO of Devolutions