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[Funding alert] CA-based Zededa Secures $72Million in Growth Funding

CA-based Zededa secures $72million in growth funding. Smith Point Capital led the round, which raised the total to $127 million. New investors Hillman Company, LDV Partners, Endeavour Catalyst Fund, and Forward Investments (DEWA) also participated.

CA-based Zededa secures $72million in growth funding. Smith Point Capital led the round, which raised the total to $127 million. New investors Hillman Company, LDV Partners, Endeavour Catalyst Fund, and Forward Investments (DEWA) also participated.

Read also – NYC-based Coalesce Capital Secures $900Million inaugural Funding

A list of returning investors includes Lux Capital, Almaz Capital, Coast Range Capital, Juniper Networks, Emerson Ventures, Chevron Technology Ventures, 5G Open Innovation Lab, Rockwell Automation, and Porsche Ventures. The company plans to accelerate its global expansion with the usage of the money.

Zededa extends the cloud experience to the edge by making edge computing simple, transparent, and inherently safe under the direction of CEO and Founder Said Ouissal. It improves visibility, security, and control while lowering the cost of managing and coordinating distributed edge applications and infrastructure.

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Ouissal, said: “This latest round of investment validates our leadership position as the preferred choice of large enterprises for their edge management and orchestration needs.”

About ZEDEDA

By taking cloud computing to the edge, ZEDEDA makes edge computing simple, transparent, and inherently safe. With increased visibility, security, and control, ZEDEDA lowers the cost of managing and orchestrating dispersed edge applications and infrastructure.

Read also – TX-based Trinity Hunt Partners Secures its Fund VII, at $700Million Funding

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