Pixeom raises $15 million from Intel Capital and National Grid Partners for its software-defined edge computing platform
Pixeom, a software-defined edge computing platform startup that is redefining how enterprises manage hybrid cloud resources, announced it has raised $15 million funding to enable the company to continue scaling and deliver its end-to-end edge computing enterprise software platform, which recreates cloud functionality on-premise. The fresh round was led by Intel Capital and National Grid Partners, and others. Previous backers include Samsung Catalyst Fund.
Pixeom was founded five years ago by Karishma Nagar and Sam Nagar. Since its inception, Pixeom has been working to change the way enterprises manage their edge computing needs, as it has developed a platform designed to easily manage distributed, on-premise infrastructure and automate the deployment of edge workloads at massive scale, including large-scale rapid deployment of containerized cloud applications. Its platform containerizes many popular cloud resources so that they may be run the same services found in public clouds like Google Cloud Platform, Amazon Web Services, or Microsoft Azure, with matching APIs (e.g. machine learning, FaaS, stream processing, etc.) and is agnostic – so it can run on any hardware, any operating system and connect to any cloud.
Pixeom has served numerous clients to date (including Google and others in the energy, telecom, manufacturing, security, retail and healthcare sectors) and has had over a million deployments since its founding. Pixeom is now emerging as a new market leader in edge computing, as it has grown to over 90 full-time employees, has revenue in the double digit millions and has seen 4x growth year over year
For the past five years, Pixeom has been refining its enterprise software and diligently expanding its client base that includes dozens of large enterprises such as Intel, Google, SK Telecom, Vodafone, and National Grid. Pixeom’s software recreates and orchestrates cloud functionality on-premise. The platform’s API make it easy to deploy and manage large-scale, geographically distributed infrastructure and workloads. Notably, it offers a seamless developer experience with tools for building and debugging containerized applications that are intended to run on the edge. Pixeom delivers all the power of the cloud with the speed of on-premise edge computing, running a suite of recreated edge-compatible versions of services found in public clouds like Google Cloud Platform, Amazon Web Services, or Microsoft Azure, with matching APIs (e.g. machine learning, FaaS, stream processing, etc.). Pixeom customers leverage the platform as a highly commercialized delivery vehicle for their edge workloads.
Pixeom founder and CEO Sam Nagar noted: “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.”
Intel Capital Managing Director Mark Lydon noted, “In today’s global economy, companies are looking for ways to be more efficient, secure and responsive. With its innovative enterprise software platform, Pixeom can help companies address 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.”
Lisa Lambert, Chief Technology and Innovation Officer, Founder and President, National Grid Partners, said: “Pixeom is bringing applications and computation to the edge. Pixeom’s solution uniquely allows enterprises to balance workloads and optimize operations. We are thrilled to add Pixeom to our group of portfolio companies.”