Software-defined edge computing company Pixeom announced it has raised $15 million in funding from Intel Capital, National Grid Partners, Samsung’s Catalyst Fund, and several others. With this funding round, Pixeom will continue scaling and delivering its end-to-end edge computing enterprise software platform — which recreates cloud functionality on-premise.
Over the last few years, Pixeom has been refining its enterprise software and diligently expanding its client base that includes dozens of large enterprises like Intel, Google, SK Telecom, Vodafone, and National Grid. Pixeom’s software is able to recreate and orchestrate cloud functionality on-premise. And the platform’s API makes it easier to deploy and manage large-scale geographically distributed infrastructure and workloads.
National Grid Partners chief technology and innovation officer, founder, and president Lisa Lambert pointed out that Pixeom is bringing applications and computation to the edge. And she noted that it allows enterprises to balance workloads and optimize operations.
“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,” said Pixeom founder and CEO Sam Nagar in a statement.
Pixeom also offers a seamless developer experience with tools for building and debugging containerized applications intended to run on the edge. And Pixeom also delivers all the power of the cloud with the speed of on-premise edge computing — which runs 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 (machine learning, streaming processing, and FaaS).
“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,” added Intel Capital Managing Director Mark Lydon.
Sam founded the company with his sister Karishma (Nagar) Bala. The two of them started out the company initially as a Kickstarter crowdfunding campaign for a personal encrypted cloud device called the Pixeom X1, which included a Raspberry Pi connected to a network through Ethernet and access to the Pixeom community for sharing apps. The goal was to raise $15,000, but it ended up bringing in $75,000. Then they decided to get into a hardware-agnostic model, which now includes companies like Google, Samsung, Honeywell, and Comcast as its ecosystem partners. And the company now has over 80 employees.
