ZEDEDA, the leader in edge management and orchestration, has closed $72 million in growth capital, with the Series C round led by Smith Point Capital, founded by former Salesforce Co-CEO Keith Block. The latest funding enables ZEDEDA to further expand sales and marketing activities and accelerate research and development to meet the rising demand for edge computing.
According to Gartner®, “By 2027, 20% of large enterprises will have deployed an edge management and orchestration (EMO) solution, compared with fewer than 1% in 2023.”* Simultaneously, the demand for AI and machine learning is also exploding. Gartner also predicts that “by 2026, at least 50% of edge computing deployments will involve machine learning (ML), compared with 5% in 2022,”* further accelerating the large-scale deployment of edge workloads and increasing adoption of edge management and orchestration.
“This latest round of investment validates our leadership position as the preferred choice of large enterprises for their edge management and orchestration needs,” said Said Ouissal, ZEDEDA’s CEO and founder. “Our unique and innovative product is powering the explosive demand of ubiquitous edge computing, underpinning our customer’s AI and real-time data analytics initiatives. With this funding, we are well-positioned to further extend the cloud operational infrastructure model everywhere, to continue to delight our customers and to realize our vision of powering the next era of computing.”
“We believe edge computing represents one of the next great waves of digital transformation given its unique ability to address the many challenges presented by an increasingly connected world, creating new category-leading companies like ZEDEDA,” said Keith Block, CEO and founder of Smith Point Capital. “Said and his team have a big vision and have already solved critical pain points around deploying workloads at scale for several enterprise verticals. As they’ve built the industry-leading solution to power the edge, we are thrilled to lead the Series C round and help accelerate their position as the market leader for edge management and orchestration.”