The adoption of edge computing is being driven by factors such as security and privacy. There is a fleet of cameras in a fulfillment center. Data from them may have to be sent to a server for analysis. With an edge computing setup, the data can be processed on-site, eliminating cloud computing costs and enabling processing at higher speeds and volumes.
The success of edge computing deployment can be hampered by technical challenges. That is according to Said Ouissal, the CEO of the company. Ouissal has a product to sell, but he points to Zededa's growth as proof that he's right. In the past year, the number of edge devices under the company's management has grown by 4x.
It suggests that the edge computing market is strong. A range of investors contributed to the $26 million raised by the company.
There were two main trends that led to the founding of the company. The sheer scale and diversity of what was happening at the edge would be impossible for organizations to manage in a per use case fashion. Visibility across all the hardware, applications, clouds and networks distributed across their edge environments was the only successful way to manage this environment.
The co-founding of Zededa was done by Ouissal and others. Ouissal was the VP of strategy and customer management at a previous employer. BothNordmark and Shaposhnik spent years developing cloud architectures at various companies.
Zededa has a software-as-a-service product that monitors edge installations to make sure they work as they are supposed to. The deployment steps are guided by open source projects designed for the Internet of Things. The Linux Foundation's EVE-OS is an open Linux based operating system for distributed edge computing.
The image is titled "Zeda."
Zededa's vendor-agnostic software can be deployed on any bare metal hardware or within a virtual machine to provide services and run apps. Monitoring sensors and security cameras are examples of use cases.
Digital transformation cannot happen without edge computing, and the C-suite knows that. The ability to collect, analyze and act upon data at the distributed edge allows businesses to increase their competitive advantage, reduce costs, improve operational efficiency, open up new revenue streams and operate within safer and more secure environments. Edge computing projects are going faster because of this.
Research supports this out. More than half of the organizations surveyed were either using or planning to use edge computing in the next year. Over the next few years, theIDC predicts double-digit growth in investments in edge computing.
The IT infrastructure, industrial automation, and oil and gas industries are where the majority of the customers are from. Ouissal wouldn't say how many the company has, but he did say that they are sufficiently differentiated from their competitors.
We are not suitable for deployment outside of secure data centers because we are part of the IT down trajectory. Balena is one of the competitors that are adjacent to us. These solutions are better suited for greenfield use cases that only require containers and lack the security required for true enterprise and industrial deployment. Despite the economic downturn, investors are increasing their commitment at a time when they may be more reluctant to invest in other avenues.
Zededa, which has a roughly 100 person team spread across the U.S., Germany and India, is looking to expand its R&D, sales and marketing teams within the year. Over the course of eight years, the startup has raised over 50 million dollars in venture capital.
We want to increase the use cases that we support. We are focused on innovation to improve ease of use and security. The edge computing market is maturing. Updating legacy applications and bringing new solutions to the market are some of the things we are focused on.
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