Edge computing platform Pixeom Inc. has raised $15 million in funding
The Santa Clara, California-based startup PIXEOM the market leader in software-defined edge computing company started by SAM NAGER (CEO & FOUNDER) has proudly announced that PIXEOM has secured $15 million capital funding from Intel capital, national grid an energy delivery company and from its previous investor Samsung catalyst fund and others. Which comes after when revenue grew four times year-over-year to hit double-digit millions, and shortly after Pixeom crossed a major milestone of over one million deployments.
The funding will help the company in continue scaling and in delivering its end-to-end edge computing enterprise software and diligently expanding its client base including Intel, Google, SK Telecom, Vodafone, and National Grid. According to the company, the platforms APIs (e.g., machine learning, FaaS, stream processing) are designed to deploy and manage large-scale, geographically distributed infrastructure and workloads with the speed of on-premise edge computing like Google Cloud Platform, Amazon Web Services, or Microsoft Azure. Pixeoms software recreates and orchestrates cloud functionality on-premise. It offers a seamless developer experience with tools for building and debugging containerized applications that are intended to run on the edge. Pixeom customers leverage the platform as a highly commercialized delivery vehicle for their edge workloads.
PIXEOM is an enterprise-ready technology that designed in such a way that it able to meets the stringent requirements of customers because Pixeom is agnostic, we can deploy edge infrastructure that runs on any hardware, any operating system, and connects to any cloud. Pixeom founder and CEO Sam Nagar say's that "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".
Mark Lydon the Managing Director of Intel Capital said "In today's global economy, companies are looking for different ways to be more efficient, secure and more responsive. With its innovative enterprise software platform, Pixeom can help many companies in addressing 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.
Chief Technology and Innovation Officer, Founder and President of National Grid Partners Lisa Lambert, said "Pixeom is bringing applications and computation to the edge. Pixeoms solution uniquely allows enterprises to balance workloads and optimize operations. We are very excited, to add Pixeom in our group of portfolio companies.
Since its founding in 2014, the privately owned Pixeom has created the market leading edge infrastructure software company in the world. Today, the company’s client list includes some of the biggest technology companies in the world, such as Intel and Google, as well as energy, manufacturing and telecom clients. Pixeom offers a full suite of solutions for companies who manage a high quantity of sensitive data processing and workload information.
About Intel CapitalIntel Capital invests in innovative startups targeting artificial intelligence, autonomous technology, data center and cloud, 5G, next-generation compute, and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US$12.4 billion in 1,554 companies worldwide, and 670 portfolio companies have gone public or participated in a merger. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000.
About National Grid PartnersNational Grid Partners (NGP) is the venture investment and innovation arm of National Grid plc(LSE: NG; NYSE: NGG). NGP makes and manages strategically and financially attractive investments and leads company-wide innovation efforts. The organization focuses on innovation, incubation, corporate venture capital, and business development providing a multi-functional approach to change the status quo.
About Samsung CatalystThe Samsung Catalyst Fund is Samsung Electronics’ evergreen multi-stage venture capital fund that invests in the new data economy and strategic ideas for Samsung’s mobile, device solutions and consumer electronics groups. Investment spans across Artificial Intelligence, Smart Factory and Robotics, Digital Health, Autonomous Systems, and Cloud and Data Infrastructure. Through Samsung Catalyst Fund, entrepreneurs are enabled by Samsung’s global brand, manufacturing and distribution, domain expertise, recruiting network, and world-class Innovation Fellows for advice and mentorship.
