Edge Delta, a Seattle-based startup that offers companies a different way of monitoring their databases, raked in a $63m series B round from companies, including network services provider Cisco and software company ServiceNow.
The startup addresses one of the growing headaches for big companies: managing increasingly large and numerous databases. Doing this through a centralised cloud platform is becoming too slow and costly as databases become more complex. Edge Delta is taking an alternative approach, using a network of edge devices to do the tracking.
The company says its machine learning-powered platform allows devops, site-reliability engineers and security teams to track anomalies and have access to distributed data stores more efficiently than through a centralised cloud model.
“It is clear that traditional approaches for collecting and analysing data fall short against the tsunami of data impacting organisations today,” said Ozan Unlu, founder and chief executive of Edge Delta.
“As the first and only player in edge observability, we enable our customers to harness the tremendous power of enterprise data while generating significant gains in cloud spend and mean time to resolution.”
With an increasing volume of data to track through compartmentalised sources such as Lambda, ECS and EC2, enterprises have encountered a larger amount of productivity bottlenecks and higher costs, according to Edge Delta, which said its platform is designed to give visibility into 100% of datasets in a scalable way.
Edge Delta already works with customers like electronics manufacturer Panasonic, mobile carrier T-Mobile, cloud computing service provider VMWare, gaming company Super League Gaming and screening company Fama Technologies, but is looking to boost growth further with this funding round. The funding will be used for recruitment, innovation and marketing.
Quiet Capital led the round and was joined by Earlybird Digital East, Geodesic Capital, BAM Elevate, Menlo Ventures, Kin Ventures, MaC Venture Capital and Amity Ventures. Cisco took part through its venture investment arm Cisco Ventures.
Menlo Ventures co-led a $15m series A round for Edge Delta in June last year alongside private investor Tim Tully, with backing from Amity Ventures and MaC Venture Capital, the latter two of which had provided $3m in a mid-2019 seed round.
