Nearby Computing, a leading platform in orchestration and automation for Edge Computing, has closed a Series A financing round of €6.5 million with the aim of boosting its expansion in the market.
The financing round has been led by the venture capital companies Walter Ventures and JME Ventures and leading companies in the ICT sector have also participated as new shareholders, such as Telefónica (through Wayra Ventures), one of the key global players in the telecommunications sector and Akamai Technologies, the world’s largest distributed platform for cloud computing, security and content management.
Finally, investors who were already part of the shareholders, such as Cellnex Telecom, Lenovo or the Redeia Group, have made follow-up investments to contribute to the successful closing of the Round.
The boost received through this investment positions Nearby Computing as a technological leader in its market segment. This financing will allow rapid and effective expansion in key sectors, improving the company’s capabilities to strengthen its sales force and consolidate its leadership in strategic regions such as North America, Asia-Pacific and Europe.
“As we strengthen our presence in the market, our main objective is to empower more companies and service providers with advanced Edge Computing and Software automation solutions. We are seeing rapid growth in market traction, and we are looking forward to showing how, through NearbyOne, companies have access to a complete solution for their entire network ecosystem, no matter how sophisticated,” commented Josep Martí, CEO of Nearby Computing.
Founded in 2018 in Barcelona as a spin-off of the Barcelona Super Computing Center (BSC), the company allows industrial companies and the Telco sector to maximize the benefits offered by Edge Computing technology through advanced orchestration and automation of operations. applications and networks, including MEC (Multi-Access Edge Computing) environments and private 5G networks. This technology enables use cases such as the Connected Vehicle, massive IoT in industrial environments, as well as in Retail or Defense and Security, among others. Its NearbyOne platform sets new benchmarks by managing all levels of the network ecosystem through a single interface.
Albert Font, director of Walter Ventures, said: “Nearby Computing is on the verge of setting new standards in enterprise and telecommunications networks by emerging as a category leader with its innovative Edge Computing orchestration platform. With an excellent team, renowned strategic partners and a cutting-edge product, Nearby Computing is well equipped to help clients meet the growing market demands. “We are delighted to support the company in achieving this ambitious mission.”
According to the 2023 Gartner report, by 2027, 20% of large companies will have implemented Edge Computing orchestration and management solutions, which represents a significant increase compared to the 1% adoption rate recorded during the year. last year. In line with these figures, Nearby Computing hopes to expand its market coverage while helping companies implement cutting-edge automation solutions. This objective aligns with the company’s strategic focus of empowering companies with the tools necessary to achieve their digital transformation and operational efficiency goals.
José María Hernanz, partner at JME Ventures, added: “We are impressed by the quality of the technology and the commercial traction that the company has achieved in this phase.” While Pablo Moro, Director of Wayra Ventures at Telefónica, states: “This strategic investment by Wayra Ventures allows Telefónica to leverage its capabilities in Edge Computing to drive growth and meet the challenges of a rapidly evolving market. The investment with Nearby Computing reflects Telefónica’s vision of leading the digital transformation in the telecommunications industry through the adoption of innovative and disruptive technologies that generate an impact on society.”
Read the orginal article: https://www.eu-startups.com/2024/07/barcelona-based-nearby-computing-gets-e6-5-million-to-expand-edge-computing-for-the-industrial-sector/
