Synadia Communications, Inc., creator and maintainer of NATS.io (NATS), announced it has closed a $25 million Series B financing round, further validating the company's holistic approach to solving the increasingly complex and pervasive challenges of distributed computing, which is driving rapid growth in edge computing investments.
The latest round of funding will enable Synadia to further accelerate the growth of NATS.io, the connective platform used by tens of thousands of companies daily to extend their digital services to the edge.
Led by Forgepoint Capital, the investment round includes participation from existing investors and new investors Singtel Innov8, LDVP and 5G Open Innovation Lab. Forgepoint managing director Ernie Bio will join Synadia's board of directors. The round brings Synadia's total funding to $51 million raised to date.
For leading enterprises such as Rivian and Walmart to rapid growth startups like Replit and Personal.AI, NATS is becoming the defacto platform for delivering newly developed edge applications where data and micro-services needs to be accessed closer to the user whether for performance or to reduce escalating cloud costs, according to Synadia.
These new applications span areas such as AI/ML, real-time customer experience, immersive retail, and industrial IoT.
"Companies are increasingly shifting beyond the cloud to the edge to better anticipate and address customer and operational needs of speed and data management. As they do this, legacy technologies are not built for distributed cloud architecture and optimizing user experience," said Bio. "Synadia has experienced rapid growth and widespread customer adoption due to the flexibility and reliability of its Adaptive Edge platform and its 'secure by design' architecture which meets the growing industry demand to improve performance."
Founded in 2017 by CEO Derek Collison, the creator of NATS, Synadia entered the market to address the challenges of edge and multi-cloud computing. It has established itself as a leader in developing and supporting highly available, low-latency applications and microservices for multi-cloud and edge environments, according to the company.
"Building on the rapid success of the NATS open-source project, our Synadia Cloud and Synadia Platform offerings continue to drive exceptional value," said Collison. "With the support of Forgepoint Capital and our other investors, Synadia is well-positioned to provide real-time and secure access to services and data in any geography, with any cloud provider, and at any edge location. This funding further validates our product-market fit, accelerates our momentum, and underscores the significant opportunity in front of us to further power the proliferation of modern distributed systems."
For more information about this news, visit www.synadia.com.