Edjx brings in new CEO, gains $3 million in funding for edge PaaS
Edjx, a decentralized global serverless edge computing provider, announced that it has hired a new CEO and simultaneously raised a seed round of funding. The new CEO, Benjamin Thomas, is an entrepreneur who founded two companies. Both companies were sold for more than $200 million, with only a $60 million investment in equity.
Moreover, he was a nominee for the Ernst & Young Entrepreneur of the Year award. He also holds a BS in Mechanical Engineering from Tulane University and an MS in Management from Stanford University. Besides becoming the new CEO, he will also join the Edjx board of directors.
“The Board and I are confident that Benjamin is the right person at the right time for Edjx,” said Mitch Mumma, managing general partner, Intersouth Partners. “He is an experienced leader with a track record of success and a great understanding of what it takes to manage a young hyper-growth company and evangelize a corporate vision. We feel privileged that he has agreed to be Edjx’s CEO during this time of rapid growth and market traction for the company.”
Furthermore, Edjx raised three million dollars in new funding led by Intersouth Partners, bringing its total fundraising up to $15 million dollars. Mitch Mumma, a managing general partner at Intersouth Partners, also joined the company’s board of directors.
“I am excited to join Edjx as CEO and help lead the charge in bringing serverless edge computing to the mainstream,” said Thomas. “Edjx has the potential to redefine how computing resources are utilized, and I look forward to working with the team to realize this vision.”
Edjx provides quick and easy access to the resources needed for developers to write, deploy and execute applications without infrastructure management or server fees, the company says. With Edjx, developers can create global applications near endpoints and users. The company recently unveiled a platform for developers to build and scale apps on Edjx Serverless.
The company’s co-founder and former CEO, Alex Cowan, confirmed to WRAL TechWire that he and co-founder James Thomason left the company in March due to “creative and strategic differences of opinion” with its board. This division occurred less than a year after Edjx went live with its platform in over 20 markets and landed a project with the US Department of Transportation.
Cowan is also working on a new venture called New Wave Partners.
“It was difficult for us to leave a company that we created based on technology we invented and patented,” said Cowan in a WRAL Tech article. “However, the magic that created Edjx was the collaboration of the two founders. That magic can’t really be lost or replaced, but it can be unlocked. That is the silver lining inherent in the change for us.”
Article Topics
edge PaaS | EDJX | IoT | serverless | venture capital
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