Nearby Computing funding news – Barcelona-based Nearby Computing Secures €6.5 Million in Series A Round Funding

Leading ICT companies, including Telefónica (through Wayra Ventures), one of the major global players in the telecommunications industry, and Akamai Technologies, the largest distributed platform for cloud computing, security, and content management, have also participated in the financing round, which has been led by venture capital firms Walter Ventures and JME Ventures.

Last but not least, investors that were already shareholders, like Redeia Group, Lenovo, and Cellnex Telecom, contributed further investments to help the round close successfully.

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Nearby Computing is now positioned as a technology leader in its market category thanks to the boost from this investment. With this funding, the company will be able to expand quickly and successfully into important industries, strengthening its sales team and solidifying its position as a leader in key markets like North America, Asia-Pacific, and Europe.

Josep Martí, CEO of Nearby Computing said, “As we strengthen our presence in the market, our main objective is to empower more companies and service providers with advanced Edge Computing and Software automation solutions. We are seeing rapid growth in market traction, and we are looking forward to showing how, through NearbyOne, companies have access to a complete solution for their entire network ecosystem, no matter how sophisticated,”.

Albert Font, director of Walter Ventures, said: “Nearby Computing is on the verge of setting new standards in enterprise and telecommunications networks by emerging as a category leader with its innovative Edge Computing orchestration platform. With an excellent team, renowned strategic partners and a cutting-edge product, Nearby Computing is well equipped to help clients meet the growing market demands. We are delighted to support the company in achieving this ambitious mission.”

Nearby Computing aims to assist businesses in implementing state-of-the-art automation solutions while broadening its market coverage. This goal is in line with the company's strategic focus of providing businesses with the resources they need to meet their objectives for operational efficiency and digital transformation.

José María Hernanz, partner at JME Ventures, added: “We are impressed by the quality of the technology and the commercial traction that the company has achieved in this phase.” While Pablo Moro, Director of Wayra Ventures at Telefónica, states: “This strategic investment by Wayra Ventures allows Telefónica to leverage its capabilities in Edge Computing to drive growth and meet the challenges of a rapidly evolving market. The investment with Nearby Computing reflects Telefónica’s vision of leading the digital transformation in the telecommunications industry through the adoption of innovative and disruptive technologies that generate an impact on society.”

About Nearby Computing

Nearby Computing was established in 2018 in Barcelona as a spin-off of the Barcelona Super Computing Centre (BSC), the company enables the Telco industry and industrial businesses to optimise the advantages of Edge Computing technology by means of sophisticated orchestration and automation of networks and applications, such as MEC (Multi-Access Edge Computing) environments and private 5G networks.