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Klepsydra secures over $1.12M in funding to grow its edge computing software solutions

Categories Edge Computing News  |  Edge Platforms  |  Funding
Klepsydra secures over $1.12M in funding to grow its edge computing software solutions

Klepsydra Technologies, a provider of onboard software for edge computers, has announced a successful funding round with $1.17 million USD (over 1 million Swiss francs) raised in total.

Led by Spicehaus Partners, with participation from Serpentine Ventures and five private investors, Klepsydra says it is now well-positioned to expand its product offerings and accelerate growth in the edge computing field.

CEO Pablo Ghiglino comments on the investment: “We are thrilled to have the support of such experienced investors who share our vision for businesses seeking a competitive advantage in today’s rapidly evolving technological landscape.”

This funding will allow us to build on our current accomplishments and take our business to the next level, adds Ghiglino.

Klepsydra’s software processes data on devices directly connected to sensors like small computers, IoT devices and robots. According to the company, this real-time data processing reduces the risk of cyberattacks while providing businesses with faster performance, up to ten times faster than traditional approaches, and substantially less power consumption.

Since its founding in 2018, Klepsydra has become a provider of onboard software for businesses in the European space sector and commercial IoT market.

Commenting on the investment, Daniel Andres, the founding partner at Spicehaus Partners says: “We are excited to be partnering with Klepsydra as they continue to grow and innovate in edge computing software.”

This investment will enable them to expand their reach and bring their technology to more businesses worldwide, continues Andres.

Last fall, another company, Sidus Space, was awarded a contract to deploy edge computing technology for Exo-Space, a satellite hardware and software developer. The companies say this collaboration will enable ultra-low latency space analytics for users around the world.

With this technology, users can gain insights from Earth observation data and take timely action in urgent situations. This applies to customers from government, commercial and non-governmental organizations.

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