RALEIGH – How hot is edge computing – and how hot is edge computing startup EDJX in Raleigh?
So hot that 20 investors – at a minimum requirement of $200,000 per investor – have poured $10.3 million into the new company, including some $6 million last fall.
The new funding – a mixture of debt and options – was reported in an SEC filing.
EDJX offers distributed planet-scale edge computing, and has publicly beta launched its Edge delivery platform.
The EDJX Edge Delivery Platform provides an integrated bundle of services to help developers build smarter, faster applications, websites, APIs, and data pipelines by providing low-latency edge computing services, says CEO John Cowan.
Edge computing services rely on networks that deliver data from sources closer to the user than most traditional servers. “Distance is distance,” Cowan explains, which just means that closer is faster. “There is a much greater awareness of the need for high-performance computers in close proximity for low latency dependant uses.”
The faster response is important to artificial intelligence, machine learning, virtual and augmented reality apps, gaming, entertainment, automated services, the IoT, and predictive analytics. It may one day even increase the efficiency of urban traffic movement. It is also important to autonomous vehicles, proving them with vision into an intersection via a traffic camera, for instance. “Video is just another sensor to us,” Cowan said.
Although edge computing has been around quite a while, Cowan said, “The EDJX platform uses unique, decentralized, distributed peer-to-peer networks.” You may know peer-to-peer computing from the SETI program or Napster. Other types of edge services are generally centralized hub and spoke networks. “We federate an independent network. And for one thing, it’s 50 percent cheaper.”
And investors like it.
Note: This story has been corrected to note $10 million in total funding raised so far, not an additional $10 million.
