Funding

Tracking investments in the companies in the edge services ecosystem, along with trends and related developments. Includes funding from angel and seed rounds to debt instruments, stock offerings, and related financial news.

 

Helin secures €3 million in seed funding to evolve maritime and energy sectors at the edge

Edge intelligence platform Helin has announced the closure of a €3 million (roughly $3.3 million) seed funding round led by…

 

EU invests in edge and cloud computing with a 1.2 billion euro infusion

The European Commission has approved up to €1.2 billion (roughly $1.3 billion) in aid for a cloud and edge computing…

 

Pragmatic Semiconductor to expand in the UK with $231 million investment

Pragmatic Semiconductor has completed a first close of its Series D funding round, securing an investment of £162 million (roughly…

 

Armada secures over $55 million to tackle global digital inequality

Edge computing provider Armada emerges from stealth mode with a capital raise of over $55 million. Led by Founders Fund,…

 

Actility raises €16 million to support accelerating growth in the IoT market

Industrial IoT connectivity solutions provider Actility has secured a funding round of €16 million (roughly $17.2 million). The company says…

 

Expanso secures $7.5 million to disrupt distributed data processing market

Enterprise data management startup Expanso has secured $7.5 million in seed funding. General Catalyst, Hetz Ventures and Array Ventures led…

 

Cthings.co secures roughly $5 million in funding round to drive global expansion

Cthings.co, an end-to-end 5G edge solution provider, has closed a Series A investment round, raising PLN 20 million (roughly $5…

 

Pulsant’s Manchester’s data center gears up for expansion with £4.5 million investment

Pulsant, a UK data center and edge infrastructure provider, recently announced a £4.5 million (roughly $5.6 million) investment in its…

 

Ericsson to develop smarter cloud and edge applications with $32 M funding

Ericsson has been granted funding from Germany’s Economic Affairs and Climate Action Ministry for its €30 million (roughly $32 million)…

 

Cloneable launches new AI platform to make contextual decisions at the edge

Cloneable, an AI platform provider to optimize business processes, has secured $750,000 in pre-seed funding from First In. The company…

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