Ditto, a mobile database with built-in edge device connectivity and resiliency, announced it has raised $82 million in an oversubscribed Series B funding round. The funding round brings Ditto’s post-money valuation to $462 million. This latest round, led by Top Tier Capital Partners and Acrew Capital, also included participation from existing and new investors, including Thomas Tull’s U.S. Innovative Technology Fund (USIT), True Ventures, Amity Ventures, Fundrise, Friends & Family Capital, Advance Venture Partners, and Internet Initiative Japan (IIJ).
Ditto’s Series B round – which was raised at more than double the 2023 Series A valuation – will fund further innovation and growth. And since last year, annual recurring revenue (ARR) has increased by 250%, and customer count has doubled. Adding to the momentum, Ditto also secured its largest government contract – a sizable, multi-year contract with the U.S. Air Force.
With billions of edge devices and deskless workers driving operations and revenue, businesses are hitting the limits of what traditional cloud architectures can offer. Used by Chick-fil-A, Delta, Lufthansa, Japan Airlines, and more, Ditto is advancing the edge-native revolution, changing how businesses connect, sync, and operate at the edge. By eliminating hardware dependencies, Ditto’s software-driven networking enables businesses to build faster, more resilient systems that thrive at the edge – no Wi-Fi, servers, or cloud required.
Ditto will utilize this investment to deepen its partnerships with MongoDB and other cloud database vendors, expand its product offerings into new markets, and scale operations globally.
KEY QUOTES:
“True generational solutions are rare, but I believe Ditto has built one. They recognized a widespread enterprise challenge – unreliable connectivity for deskless workers and edge devices has been limiting advances in edge computing. Their incredible growth is proof of the game-changing impact Ditto’s edge-native architecture has on major enterprises.”
- Om Malik of True Ventures
“We set out to eliminate unpredictable connectivity at the edge, and that’s what we’re able to provide to our customers. We are pleased our existing and new investors recognize our growth and the tremendous potential of our market space. Edge computing is the next major platform shift for the modern enterprise. Technology like this maximizes the capabilities of modern devices to open up new possibilities – especially in scenarios where network connections are unreliable or non-existent.”
- Adam Fish, CEO and Co-Founder of Ditto
“We are redefining edge application development, facilitating business and battlefield operations in connectivity-compromised environments. Our solutions reduce the total cost of ownership of edge applications, enhance reliability, and drive productivity for our customers. These are all crucial aspects of value delivery, with AI leading a broader shift toward edge computing and driving real-time processing closer to where data is generated.”
- Nicholas Allen, Head of Finance at Ditto
