Intel Capital and National Grid Partners, subsidiaries of semiconductor technology provider Intel and energy supplier National Grid, have co-led a $15m funding round for US-based edge computing technology developer Pixeom.
The other participants in the round were not named. Samsung Catalyst Fund, a corporate venturing vehicle owned by electronics manufacturer Samsung, was identified as an earlier investor, but Pixeom has not disclosed details of any previous funding.
Pixeom has created a software platform designed to be used by enterprise companies to build and manage applications that process data near the edge of a network, instead of in a centralised data-processing warehouse. It will put the funding toward product development and marketing.
Mark Lydon, managing director of Intel Capital, said: “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.”