Pixeom Announces $15 Million Dollar Funding from Intel Capital, National Grid Partners and Others for Its Software Defined Edge Computing Platform
Pixeom Provides Enterprises with Software to Deploy and Manage Large-Scale Distributed Edge Infrastructure
Pixeom, Inc., the market leading software defined edge computing company, is proud to announce it has secured $15 million capital funding led by Intel Capital, National Grid Partners and others. The influx of funds will enable the company to continue scaling and deliver its end-to-end edge computing enterprise software platform, which recreates cloud functionality on-premise. Previous investors include Samsung Catalyst Fund.
For the past five years, Pixeom has been refining its enterprise software and diligently expanding its client base that includes dozens of large enterprises such as Intel, Google, SK Telecom, Vodafone, and National Grid. Pixeom’s software recreates and orchestrates cloud functionality on-premise. The platform’s API make it easy to deploy and manage large-scale, geographically distributed infrastructure and workloads. Notably, it offers a seamless developer experience with tools for building and debugging containerized applications that are intended to run on the edge. Pixeom delivers all the power of the cloud with the speed of on-premise edge computing, running a suite of recreated edge-compatible versions of services found in public clouds like Google Cloud Platform, Amazon Web Services, or Microsoft Azure, with matching APIs (e.g. machine learning, FaaS, stream processing, etc.). Pixeom customers leverage the platform as a highly commercialized delivery vehicle for their edge workloads.
Pixeom founder and CEO Sam Nagar noted: “This round of funding will be used as growth capital to augment our client base in several growth areas such as Energy, Telecom, Manufacturing, Smart Retail, Security and Healthcare. To date, we have over a million installations of our software by dozens of Fortune 500 companies. We are excited to enter the next phase of our company.”
Intel Capital Managing Director Mark Lydon noted, “In today’s global economy, companies are looking for ways to be more efficient, secure and responsive. With itsinnovative enterprise software platform, Pixeom can help companies address those needs by deploying and managing large-scale, distributed infrastructure globally. The potential benefits of its software platform extend into multiple areas of technology, and Intel Capital is pleased to support Pixeom’s development.”
Lisa Lambert, Chief Technology and Innovation Officer, Founder and President, National Grid Partners, said: “Pixeom is bringing applications and computation to the edge. Pixeom’s solution uniquely allows enterprises to balance workloads and optimize operations. We are thrilled to add Pixeom to our group of portfolio companies.”