Internet of Things software developer Zededa raised $72 million from Smith Point Capital, Almaz Capital, Lux Capital, Chevron Technology Ventures, Porsche Ventures, etc. Based on the results of the completed Series C round, the company received a valuation of $400 million. In 2022, after attracting investments, the company was valued at $193 million, Bloomberg writes.
This is not Almaz Capital’s first investment in Zededa. In April 2018, Zededa raised $3 million during a seed round and the fund also became one of the startup’s investors. A year later, Almaz Capital reinvested in Zededa and the company received $16 million in total.
Zededa develops technologies in the field of cutting-edge computing. This is an alternative to cloud technologies, which involves processing data close to its source, that is, directly on the devices.
The startup’s technologies allow expanding applications for various areas of the Internet of Things: from industrial robotics to autonomous vehicles, the company says.
Zededa was launched in California in 2016 by former top executive at telecommunications companies Ericsson and Juniper Networks, Said Uissal, and developers Eric Nordmark and Roman Shaposhnik. The latter graduated from the Faculty of Mathematics and Informatics of St. Petersburg State University.
Author:
Karina Pardaeva
Source: RB
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