58% increase in edge nodes under management, key executive hires and strategic partnerships highlight strong business momentum

SAN JOSE, Calif.: #CleanEnergy--ZEDEDA, the leader in edge management and orchestration, today announced significant business growth and momentum through the first half of 2024, positioning the company for continued expansion in the rapidly evolving edge computing market.

In the first six months of 2024, ZEDEDA increased its number of edge nodes under management by 58%. The number of nodes under management is one of the most direct reflections of an edge computing company’s real-world scale and reach, providing a substantial competitive advantage, increased data insights and better operational efficiency. Many of those nodes belong to the 12 Fortune Global 500 accounts now in production with ZEDEDA, up 20% from the beginning of the year.

“Edge computing has become critical infrastructure for enterprises, alongside cloud and data center deployments,” said Said Ouissal, ZEDEDA’s CEO and founder. “AI is supercharging the uptake of edge computing as companies increasingly look to gain more insights from their data and act upon these insights quickly to drive efficiencies, improve safety and increase competitive advantage.”

With strong traction in a number of industries — including energy, manufacturing, retail, transportation and automotive — ZEDEDA is emerging as the standard for some of the world’s largest companies to launch and scale critical edge initiatives. According to the Gartner Market Guide for Edge Computing, 20% of large enterprises will deploy an edge management and orchestration solution by 2027, compared with fewer than 1% in 2023. Additionally, by 2029, at least 60% of edge computing deployments will use composite AI (predictive and generative AI), compared to less than 5% in 2023.

Latest Funding Includes $72M in Growth Capital

In February, ZEDEDA closed $72 million in growth capital, with the Series C round led by Smith Point Capital, founded by former Salesforce Co-CEO Keith Block. The latest funding enabled ZEDEDA to expand its sales and marketing activities and accelerate research and development. With the most recent round of funding, ZEDEDA has now raised over $127 million in total since its founding.

Strengthening the Board and Executive Team

ZEDEDA has made key additions to its board of directors and executive team, adding proven industry leaders to support the rising demand for its services.

• Lisa Edwards, an accomplished operations leader, joined the company’s board of directors. Edwards also serves on the boards of Colgate-Palmolive, LogicMonitor and Qualtrics and as Executive Chair of the Diligent Institute, a global think tank focused on governance.

• Eva Feng, a seasoned product management executive, has held leadership roles at Twilio, Amazon Web Services, Service Now, HPE and several startups. She’ll drive product innovation and expand ZEDEDA’s market presence, including entering new segments and industries and addressing customer use cases.