Funding

ZettaScale funding news – ZettaScale Launches a Funding Round to Accelerate Growth in Disruptive Connectivity Solutions

Dec 12, 2024 | By Kailee Rainse

ZettaScale funding news - ZettaScale Launches a Funding Round to Accelerate Growth in Disruptive Connectivity Solutions

ZettaScale, the pioneering technology company behind the groundbreaking Zenoh protocol, announced the launch of Project MOORE, a double-digit million funding round designed to drive the company’s continued growth and expansion in the global connectivity space.

SUMMARY

  • ZettaScale, the pioneering technology company behind the groundbreaking Zenoh protocol, announced the launch of Project MOORE, a double-digit million funding round designed to drive the company’s continued growth and expansion in the global connectivity space.
  • ZettaScale is a leader in open-source connectivity solutions that optimize device-to-device and cloud-to-device communication, creating new possibilities across industries such as robotics, mobility, and healthcare.

As industries including robotics, mobility, and healthcare evolve, connectivity stands out as both an essential enabler and a significant bottleneck. ZettaScale aims to break down these barriers with its innovative, open-source connectivity solutions, enabling low-latency, efficient communication across devices, networks, and platforms.

It’s solutions have gained substantial market traction, serving more than 100 customers worldwide. High-profile clients such as Fujitsu, Philips, Boeing, Rheinmetall Defence, and John Deere demonstrate the versatility and trust it has garnered across industries.

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Recognized as one of the top 5 most innovative startups in France, ZettaScale reached €3.3 million in revenue in 2024, fuelled by a team of 60 highly skilled professionals, including 35 engineers and over 50% of the workforce holding PhDs, lead by Angelo Corsaro, PhD.

With Project MOORE, it seeks funding to support a projected 48% CAGR in sales from 2024 to 2032, increase its workforce by 1.5x by 2027, and establish new offices in key international markets such as Germany, Japan, and the United States.

Project MOORE: Investment Highlights:

  • High-Growth Market Potential: ZettaScale is positioned within the €87 billion global robotics and automotive connectivity sectors, both of which are expanding rapidly.
  • Cutting-Edge Technology: The company’s industry-leading Zenoh protocol enables superior cloud-to-device communication with low latency and exceptional performance.
  • Scalable and Interoperable: ZettaScale’s solutions integrate seamlessly with diverse databases, programming languages, and network environments, offering flexibility and scalability for customers.
  • Sustainability Impact: The company’s energy-efficient solutions help reduce carbon footprints and operational costs, supporting the drive for sustainable technology.
  • Expert Team: With over 20 years of experience in connectivity protocols and distributed systems, ZettaScale’s interdisciplinary team combines technical expertise with a commitment to innovation. MP Corporate Finance has been exclusively mandated to manage the capital raising process for Project MOORE.

Angelo Corsaro, the CEO said, “ZettaScale is redefining connectivity for high-growth sectors, addressing critical limitations while enabling seamless and sustainable communication across devices and platforms. With Project MOORE, we’re excited to open the door for investors to join us in driving the future of connectivity,”.

About ZettaScale

ZettaScale is a leader in open-source connectivity solutions that optimize device-to-device and cloud-to-device communication, creating new possibilities across industries such as robotics, mobility, and healthcare. With a commitment to innovation and sustainability, ZettaScale’s technology serves as a foundational element for the digital systems powering the modern world.

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