Funding

Edgee Funding News – Paris-based Edgee raises €2.66 million

Oct 18, 2024 | By Team SR

Edgee is a cutting-edge open source edge computing platform, has secured €2.66 million in pre-seed funding from VentureFriends and Serena to further its objective of using edge computing to revolutionise data collecting and application performance.

Edgee is an enterprise technology, innovation, and data management company founded by Sacha Morard, the former CTO/CIO of Le Monde Group, and Gilles Raymond, a serial entrepreneur whose prior business, News Republic, was purchased by Cheetah Mobile. In addition, Gilles Raymond founded The Signal Networks Foundation, a global organisation devoted to safeguarding whistleblowers.

Applications may operate more quickly and with lower latency thanks to edge computing, which moves data processing closer to the consumer. Edgee is addressing significant issues in contemporary data processing and application performance by utilising this approach, enabling developers to create apps that are more accurate, responsive, and privacy-compliant.

One of the most urgent problems Edgee tackles is "The Big Lie," which states that standard data gathering methods overlook 25% of users and 30% of overall usage because to ad blockers, privacy laws, and performance problems. By moving data gathering from devices to the edge, Edgee guarantees accurate and comprehensive data capture, enabling organisations to make trustworthy choices without compromising privacy compliance or performance.

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The initial service from Edgee is revolutionary for data collection since it uses edge computing to provide complete data visibility without sacrificing performance. By processing data at the edge, developers can get around restrictions associated with on-device analytics while maintaining privacy and adhering to legal requirements.

We’re building an open platform for edge computing,” said Sacha, co-CEO of Edgee. “We believe this is the first step toward providing developers with a full range of edge services, from AI to cybersecurity, powered by an open ecosystem.

Edgee sees an open source ecosystem that encompasses real-time processing, AI-powered analytics, and strong cybersecurity solutions in addition to data collection. The platform, which has edge computing at its heart, strives to provide developers and companies with increased performance, scalability, and creativity.

It will broaden its platform and interact more thoroughly with the international development community thanks to the new funding. The company can deploy new edge computing components, accelerate its roadmap, and encourage innovation in edge-powered apps thanks to this financing.

We’re committed to building a transparent, collaborative ecosystem,” added Gilles, co-CEO of Edgee. “By inviting developers from around the world to contribute to our opensource platform, we’re lowering the barriers to entry and helping businesses of all sizes realize the full potential of edge computing.

About Edgee

Edgee is an open-source platform that enables client-side SDKs to operate as components directly at the network edge. It empowers developers to build and deploy edge-oriented applications. Edgee provides comprehensive data collection, ensuring 100% of your data is fully compliant with regulations and securely protected. A/B testing features will be available soon, offering instant feedback and universal reach. Security solutions include DDoS protection, bot management, and data encryption.

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