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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.

 

Canadian Space Agency awards Galaxia $1.7 million for edge space tech platform

A Canada-based space computation company, Galaxia Mission Systems, has been awarded a $1.7 million contribution from the Canadian Space Agency…

 

Nami closes $10.5M Series A to advance the digital sensing ecosystem

Nami, an IoT platform and ecosystem enabler, has closed its Series A funding round of $10.5 million from investors including…

 

Fly.io raises an additional $70 million for edge app delivery, led by EQT Ventures

Fly.io, an application delivery network company, has raised $70 million in a funding round led by EQT Ventures as it…

 

Axelera AI secures a total of $50M in funding in 20 months to develop edge AI chips

Axelera AI, a Dutch company specializing in edge AI chip design and software, says overwhelming interest and demand have led…

 

U.S. DOE invests $40 million in projects developing cooling technology for data centers

The United States Department of Energy has committed $40 million to fund 15 projects focused on developing cooling technology for…

 

Together secures $20M seed funding to develop open-source AI and cloud platform

Together, an open-source AI startup, recently announced a $20M seed funding round led by Lux Capital to build an open-source…

 

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…

 

Mavenir secures $100 million in new capital raise with Siris taking the lead

Mavenir, a network software provider, has successfully raised $100 million to support its strategy of digitizing telco networks with cloud-native…

 

Retrocausal promises increased manufacturing efficiency and profitability, secures $3.4 million of funding

Retrocausal, a manufacturing process management platform provider, has launched LeanGPT, a specialized foundation model for manufacturing. In short, the company…

 

EdgeQ secures $75M to support demand for 5G and AI Base Station-on-a-Chip tech

EdgeQ, a provider of 5G hardware platforms, has picked up $75 million in a Series B investment. The investment will…

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