California: Zededa raises $72 million in new funding round

Feb 15, 2024 | Posted by Abdul-Rahman Oladimeji

California-based company Edge computing orchestration startup Zededa last week announced the closing of the Series C round, led by Smith Point Capital which was founded by former Salesforce Co-CEO Keith Block. The company raised $72 million in its latest funding round which will see the company further expand sales and marketing activities, as well as accelerate its R&D efforts.

Said Ouissal, Zededa founder and CEO said, “This latest round of investment validates our leadership position as the preferred choice of large enterprises for their Edge management and orchestration needs. 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.”

Keith Block, CEO and founder of Smith Point Capital added, “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.”