Edge Delta, helping corporations unlock the value of their data, announced it has secured $15 million in Series A funding round, enabling the company to support its analytics solutions at the edge.
The funding round was led by Menlo Ventures and Tim Tully, the former CTO of Splunk. Previous investors, MaC Venture Capital and Amity Ventures, participated as well.
Edge Delta is changing the way that people analyze data. According to the vendor, the company firmly believes it makes no sense for organizations to push and centralize all their data within the cloud before gaining any value from it.
The company’s premise is to start the analysis of data where it’s created (K8s containers, AWS EC2, Azure Functions, physical machines, network devices) rather than where it ultimately ends up—that’s how to define the Edge.
Edge Delta makes intelligent decisions to summarize, compress, and uplevel data at the edge, which allows enterprises to analyze all of their data without worrying about overages or crushing costs. Edge Delta typically results in an almost 90% improvement in TCO compared to traditional centralized monitoring solutions, according to the vendor.
“We are only at the start of this journey. But right now, know this: we’re about a year into serving clients, and the results have been game-changing, reinforcing our core belief that it is time to break ties with a model that is slow, expensive, and severely limited,” said Ozan Unlu, CEO and founder in a blog post. “The possibilities are enormous, the skies are blue, and we’re moving as fast as we can. After all, there’s a world of data out there that is waiting to be analyzed.”
For more information about this news, visit https://edgedelta.com/.