TLDR:
- Nearby Computing, a platform for edge computing orchestration and automation, secured a €6.5 million Series A funding round.
- The funding, led by Pan European VC Walter Ventures and JME Ventures, will support global expansion into key markets such as North America, Asia-Pacific, and Europe.
Nearby Computing, a Barcelona-based platform for edge computing orchestration and automation, recently closed a €6.5 million Series A funding round. The investment was led by Pan European VC Walter Ventures and South-Europe based VC JME Ventures. New shareholders include Telefónica’s corporate venture capital arm Wayra, as well as Akamai and previous investors such as Cellnex and Lenovo who have executed follow-on investments.
The funding will fuel Nearby Computing’s expansion into key markets, allowing it to boost its sales force and further establish its leadership in strategic, global regions including North America, Asia-Pacific, and Europe. The company’s CEO, Josep Marti, stated that their objective is to enable more enterprises and service providers with advanced edge computing and software automation solutions, providing them with access to a complete solution for their entire network ecosystem.
Just last month, Nearby Computing announced a strategic partnership with ICT firm Italtel to accelerate the adoption of 5G solutions, private networks, and edge computing. This recent funding round will help Nearby Computing continue to innovate and grow in the edge computing market on a global scale.
