Zededa specializes in edge computing.
Zededa, a startup that makes enterprise computing tools, said it has raised $72 million, underscoring investor eagerness to back businesses enabling the smooth operation of artificial intelligence.
The funding round values the company at about $400 million, according to a person familiar with the matter, double its $193 million value at the time of its last round in 2022.
That jump contrasts with an investing environment where startup funding has slowed to levels not seen in five years.
Zededa specializes in edge computing – the group of networks and devices that process data as close as possible to the user, as opposed to in a data center far away. The computing demands of AI make this a different, vastly more data-intensive challenge, the San Jose, California-based company said.
“The one thing AI needs is data,” said Claudio Fayad, vice president…
