TLDR:
- Nearby Computing secures €6.5 million in Series A funding to expand edge computing for industrial sector
- Investors include Walter Ventures, JME Ventures, Telefónica, and Akamai Technologies
Barcelona-based Nearby Computing has successfully closed a Series A financing round, raising €6.5 million to accelerate its expansion in the market of edge computing. The round was led by venture capital firms Walter Ventures and JME Ventures, with participation from industry giants such as Telefónica and Akamai Technologies. Existing shareholders, including Cellnex Telecom, Lenovo, and the Redeia Group, also made follow-up investments to support the company’s growth.
Founded in 2018 as a spin-off of the Barcelona Super Computing Center, Nearby Computing specializes in orchestration and automation for Edge Computing, allowing industrial companies and the Telco sector to maximize the benefits of this technology. The funding will enable the company to strengthen its sales force and consolidate its position in key regions such as North America, Asia-Pacific, and Europe.
Through its NearbyOne platform, Nearby Computing aims to revolutionize enterprise and telecommunications networks by providing advanced Edge Computing orchestration solutions. The company’s goal is to empower more companies and service providers with cutting-edge automation tools to drive digital transformation and operational efficiency.
With the adoption of Edge Computing expected to rise significantly in the coming years, Nearby Computing is well-positioned to meet the growing market demands and help companies implement innovative automation solutions. The strategic investment by Telefónica’s Wayra Ventures reflects the company’s commitment to leading the digital transformation in the telecommunications industry through the adoption of disruptive technologies.
