Zenlayer adds $50M funding for edge cloud services
Edge cloud service provider Zenlayer has closed a $50 million Series C financing round led by a group including Anatole Investment and Prospect Avenue Capital, and existing investor Volcanics Venture. F&G Venture, NSFOCUS, and Forebright Capital also participated, bringing Zenlayer’s total financing to $90 million since inception.
Zenlayer noted it will allocate the new financing toward enhancing its edge cloud technology and expanding global network coverage.
“I am excited to announce that we have successfully raised $50 million in Series C,” says Joe Zhu, Zenlayer’s Founder & CEO. “We’ll accelerate the development and adoption of our PaaS solutions, and continue to focus on emerging markets, helping our customers to capture the explosive growth of regions like Southeast Asia and South America. This capital will bring us one step closer to realizing our mission of improving digital experiences for every organization and person, anywhere in the world.”
With its unique edge cloud offerings, Zenlayer enables organizations to instantly deploy compute closer to end users and accelerate their networks to deliver the best digital experience possible. Zenlayer can help organizations reach over 85% of the world’s internet population in just 25 milliseconds or less. By using Zenlayer’s PaaS solutions, organizations can achieve this without deploying any infrastructure.
“We began our relationship with Zenlayer in 2019 and have observed the strength and contributions of their team and growth potential first-hand,” notes Suyang Zhang, Managing Partner, Volcanics Venture. “We are excited to participate in this latest round of financing to continue Zenlayer’s mission of improving digital experiences for everyone in the world through edge cloud services, instantly.”
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