Talis Capital (Talis), a London-based venture capital firm focused on early-stage technology companies, has led a USD3 million seed funding round into Edge Intelligence (Edge), developer of the first geographically distributed analytics platform built for both edge computing and hybrid cloud environments.
Existing investors in Edge Intelligence include Jerry Yang, co-founder of Yahoo; Scott McNealy, co-founder of Sun Microsystems, as well as Morado Venture Partners and Wellington Partners. In partnership with Talis and its other investors, Edge Intelligence will invest further in building out its pre-sales, sales, marketing and support functions as well as in expanding its product portfolio, with new analytics solutions required by telecommunications providers and cable multiple system operators.
Edge Intelligence has built a unique solution for the centralised management and analysis of geographically distributed data. In doing so, it is changing the archaic way in which companies implement secure, scalable and high-performing big data architectures. Its patented technology solution supports fast, secure access to data that may reside in thousands of locations.
“Data is critical for digital transformation success, yet it is becoming increasingly difficult to gain actionable insight from data. Transferring large volumes of data across geographies takes too long, costs too much, and increases data privacy concerns,” says Kate Mitchell, co- founder and CEO of Edge Intelligence. “We’ve developed a new approach to analytics, making it faster and easier to analyse vast amounts and types of globally distributed data generated by devices, machines and sensors – whether the data is seconds or years old. By keeping data close to where it’s generated without ever having to move the data, organisations gain near real-time, actionable insight to improve operational efficiency, profitability and gain a competitive advantage.”
“As the growth of the Internet of Things continues, Edge Intelligence has created an innovative solution whose analytics capabilities far outstrip the outdated methods of managing and analysing data, that are currently available in the market,” says Matus Maar, Managing Partner at Talis. “We greatly look forward to partnering with Kate and the entire team at Edge, as they embark on this next, exciting phase of growth.”
