Macrometa Corporation, an edge computing company enabling web and cloud native developers to build and run applications across a network of global clouds and data centers, has closed a $7M Seed financing. The round was led by DNX Ventures, with the participation from existing investors Benhamou Global Ventures (BGV), Partech Partners, Fusion Fund, Sway Ventures, Velar Capital and Shasta Ventures.
The new funds will be used to accelerate the product rollout and sales of Macrometa’s Global Data Network (GDN), a cloud service that enables web and cloud developers to build and run high performance, multi-region, multi cloud, globally distributed, stateful data powered applications and web services. The GDN cuts time to market for developers with its serverless API while reducing cloud costs by 70% or more by offloading expensive data operations from the cloud to a network of worldwide edge sites.
“Macrometa’s data platform and global network unlocks the full potential of edge computing,” says Chetan Venkatesh, co-founder and CEO of Macrometa. “Our customers use the Global Data Network to bring their cloud apps physically closer to their users worldwide, scaling performance by 50x-100x and reducing their cloud costs by 70% or more.”
“Macrometa’s approach is compelling and unique,” adds Q Motiwala, Managing Partner at DNX Ventures. “As we look at the next 5 to 10 years of Cloud evolution – it’s clear to us that enterprise developers need a platform like Macrometa to go beyond the constraints, scaling limitations and high cost economics that current cloud architectures impose. What Macrometa is doing for edge computing, is what Amazon Web Services (AWS) did for the cloud a decade ago.”
Macrometa has also expanded its board of directors to include Q Motiwala, Managing Partner of lead investor DNX Ventures, former Auth0 and xnor.ai CEO Jon Gelsey, cybersecurity expert and web scale technologist, Rob Fry. They join Yashwanth Hemaraj of BGV and Chetan Venkatesh the CEO and co-founder of Macrometa on the board.
Earlier this month, Macrometa added Justin Elof Johnson to the executive roster as director of developer marketing, experience and advocacy. Johnson was previously director of developer relations for StackPath, a provider of edge computer and CDN services.
data management | database | DevOps | edge PaaS | funding | Macrometa