Pixeom raises $15M for its software-defined edge computing platform

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Pixeom, a startup that provides a software-defined edge computing platform to enterprises, at the moment introduced that it has raised a $15 million funding spherical from Intel Capital, Nationwide Grid Companions and former investor Samsung Catalyst Fund. The corporate plans to make use of the brand new funding to develop its go-to-market capability and spend money on product improvement.

If the Pixeom identify sounds acquainted, that could be since you keep in mind it as a Raspberry Pi-based private cloud platform. Certainly, that’s the service the corporate first launched back in 2014. It shortly pivoted to an enterprise mannequin, although. As Pixeom CEO Sam Nagar instructed me, that pivot took place after a dialog the corporate had with Samsung about adopting its product for that firm’s wants. As well as, it was additionally exhausting to search out enterprise funding. The unique Pixeom gadget allowed customers to arrange their very own private cloud storage and different purposes at dwelling. Whereas there may be absolutely a marketplace for these gadgets, particularly amongst privacy-conscious tech lovers, it’s not large, particularly as customers grew to become extra snug with storing their information within the cloud. “One of the major drivers [for the pivot] was that it was actually very difficult to get VC funding in an industry where the market trends were all skewing towards the cloud,” Nagar instructed me.

On the time of its launch, Pixeom additionally primarily based its expertise on OpenStack, the large open-source venture that helps enterprises handle their very own information facilities, which isn’t precisely often called a service that may simply be run on a single machine, not to mention a low-powered one. As we speak, Pixeom makes use of containers to ship and handle its software program on the sting.

What units Pixeom aside from different edge computing platforms is that it may possibly run on commodity {hardware}. There’s no want to purchase a particular {hardware} configuration to run the software program, in contrast to Microsoft’s Azure Stack or comparable companies. That makes it considerably extra reasonably priced to get began and permits potential prospects to reuse a few of their present {hardware} investments.

Pixeom manufacturers this functionality as “software-defined edge computing” and there may be clearly a marketplace for this type of service. Whereas the corporate hasn’t made loads of waves within the press, greater than a dozen Fortune 500 corporations now use its companies. With that, the corporate now has revenues within the double-digit tens of millions and its software program manages greater than one million gadgets worldwide.

As is so usually the case within the enterprise software program world, these shoppers don’t need to be named, however Nagar tells me they embrace one of many world’s largest quick meals chains, for instance, which makes use of the Pixeom platform in its shops.

On the software program facet, Pixeom is comparatively cloud agnostic. One nifty characteristic of the platform is that it’s API-compatible with Google Cloud Platform, AWS and Azure and affords an intensive subset of these platforms’ core storage and compute companies, together with a set of machine studying instruments. Pixeom’s implementation could also be totally different, however for an app, the sting endpoint on a Pixeom machine reacts the identical method as its equal endpoint on AWS, for instance.

Till now, Pixeom largely financed its growth — and the wage of its greater than 90 workers — from its income. It solely took a small funding spherical when it first launched the unique gadget (along with a Kickstarter marketing campaign). Technically, this new funding spherical is a part of this, so relying on the way you need to take a look at this, we’re both speaking a few very massive seed spherical or a Collection A spherical.



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