Venture Capital News: ZEDEDA Secures $72M in Series C
2024-02-09
SAN JOSE, CA, ZEDEDA, the leader in edge management and orchestration, announced today the closing of $72 million in growth capital, with the Series C.
ZEDEDA, the leader in edge management and orchestration, announced today the closing of $72 million in growth capital, with the Series C round led by Smith Point Capital, founded by former Salesforce Co-CEO Keith Block.
With this latest round of funding, ZEDEDA continues to draw significant investment interest and, despite a current tight funding market, has now raised over $127 million in total since its founding. Hillman Company, LDV Partners, Endeavor Catalyst Fund and Forward Investments (DEWA) joined Smith Point Capital as new investors in the company. In addition, ZEDEDA saw strong support from returning investors in this round, including Lux Capital, Almaz Capital, Coast Range Capital, Juniper Networks, Emerson Ventures, Chevron Technology Ventures, 5G Open Innovation Lab, Rockwell Automation and Porsche Ventures.
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