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- ZEDEDA
ZEDEDA Valuation, Funding & Investors
ZEDEDA is valued at $400M as of February 2024.
Last ZEDEDA valuation
$400M
Series C · Feb 2024
Last ZEDEDA funding round
$72M
Series C · Feb 2024
Cumulative funding ZEDEDA raised
$130M
across 5 funding rounds
Key investors in ZEDEDA
Lux Capital
Almaz Capital
Energize Capital
Juniper Networks
Rockwell Automation
EDF North America Ventures
About ZEDEDA
ZEDEDA is a San Jose-headquartered provider of distributed edge orchestration and virtualization software founded in 2016. It delivers cloud-based visibility, control, and security for edge gateways, applications, and networks. The platform supports enterprise deployments across industrial IoT, retail, and telecom sectors with scalable edge computing capabilities.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$400M (Feb 2024)
ZEDEDA Valuation
ZEDEDA is currently valued at $400M, based on its Series C in February 2024.
The $72M round was led by Smith Point Capital.
ZEDEDA's valuation has grown 2.1x from $193M at its Series B in July 2022 to $400M in February 2024, across 2 priced rounds.
ZEDEDA valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2024 | Series C | $400M |
| Jul 2022 | Series B | $193M |
ZEDEDA Funding History
ZEDEDA has raised a total of $130M across 5 funding rounds.
ZEDEDA's first fundraising round was a $3M seed round in February 2018. The most recent completed round was a $72M Series C in February 2024.
ZEDEDA funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2024 | Series C | Smith Point Capital (lead) | $72M | $400M | ZEDEDA, a San Jose-based leader in edge management and orchestration, closed a $72 million Series C growth capital round on February 7, 2024, led by Smith Point Capital with participation from new investors like Hillman Company, LDV Partners, Endeavor Catalyst Fund, and Forward Investments (DEWA), plus existing backers including Lux Capital, Almaz Capital, Juniper Networks, and Emerson Ventures. The round brought total funding to over $127 million at the time, later exceeding $140 million with additional Middle East investments from Alpha Wave Incubation and Prosperity7 (Aramco Ventures). A source familiar with the deal indicated a post-money valuation of approximately $400 million, doubling the prior $193 million valuation from the 2022 Series B. The funding aims to accelerate global expansion, particularly sales, marketing, and R&D to meet surging demand for edge AI, computing, orchestration, and real-time analytics amid enterprise adoption across verticals like energy, transportation, manufacturing, retail, agriculture, and automotive. ZEDEDA's platform enables centralized management of edge workloads at scale, addressing challenges in deploying AI and applications closer to data sources for efficiency in predictive maintenance and optimization. Key customers include over 10 Fortune Global 500 companies, such as a major global automobile manufacturer modernizing 70,000 dealerships, factories, and service centers worldwide, plus partnerships with Rockwell Automation and Emerson Automation Solutions. Traction metrics highlight robust growth: over the past year leading into the round, ZEDEDA reported more than 250% year-over-year increase in annual recurring revenue and over 300% growth in nodes under management, with full-year 2024 results later showing revenue and edge nodes both doubled amid inflection in edge AI demand. The company established a Middle East headquarters in Abu Dhabi and added board expertise with Lisa Edwards from Colgate-Palmolive, LogicMonitor, and Qualtrics. Investors like Keith Block of Smith Point Capital emphasized edge computing's transformative potential for connected world challenges. |
| Jul 2022 | Series B | Coast Range Capital (lead); EDF North America Ventures; Samsung NEXT; Lux Capital; Juniper Networks; Chevron Technology Ventures; Energize Capital; Rockwell Automation; Porsche Ventures; Almaz Capital | $26M | $193M | ZEDEDA is a leader in edge orchestration and management software, providing a cloud-native platform to simplify deployment, management, and security of edge computing environments across industries like IT infrastructure, industrial automation, oil and gas, and connected operations. The company targets modernizing edge computing for digital transformation, supporting use cases including AI, machine learning, and legacy application updates, with a focus on zero trust security and orchestration for distributed edge nodes. On July 21, 2022, ZEDEDA closed a $25.78 million Series A-5 funding round (reported as $26 million Series B in some press releases) led by Coast Range Capital, with participation from Almaz Capital, Chevron Technology Ventures, EDF North America Ventures (as EDF Pulse Ventures), Energize Ventures (as Energize Capital), Juniper Networks, Lux Capital, Porsche Ventures, Rockwell Automation, and Samsung NEXT. This brought total funding raised to over $55 million. Forge Global reports a post-money valuation of $221.4 million at a $1.81 price per share for this round. Funds were allocated to expand R&D, sales, marketing, hiring (with a ~100-person team across U.S., Germany, and India), and channel partner programs to accelerate customer edge deployments. ZEDEDA demonstrated strong traction in 2022, announcing 300% year-over-year revenue growth and 250% growth in nodes under management by year-end, underscoring demand for its solution amid rising edge computing adoption (e.g., 54% of organizations planning use per Eclipse Foundation poll, double-digit investment growth per IDC). Customers span industrial environments, with partnerships like Emerson Ventures highlighting its fit for strategic edge initiatives. No specific revenue, ARR, or EBITDA figures near the July 2022 round; growth metrics reported retrospectively for full-year 2022. The edge computing market's robustness enabled funding during a downturn, differentiating ZEDEDA from rivals through its open, effortless orchestration. Subsequent rounds included a 2025 Series B at $353.18 million post-money valuation, reflecting continued expansion. |
| Mar 2021 | Series A | EDF North America Ventures (lead); Juniper Networks (lead); Rockwell Automation (lead); H. Barton Asset Management; Lux Capital; Energize Capital; Almaz Capital | $13M | - | ZEDEDA, a leader in orchestration for distributed edge computing, closed a $12.5 million highly oversubscribed expansion to its $16 million Series A round on March 31, 2021, bringing total funding to $28.5 million. The round included new strategic investors Rockwell Automation, Juniper Networks, and EDF North America Ventures, alongside existing investors Almaz Capital, Energize Ventures, Lux Capital, and H. Barton Asset Management. EDF North America Ventures, Juniper Networks, and Rockwell Automation served as lead investors. The funding validates ZEDEDA's market traction with its cloud-based, as-a-service orchestration solution supporting any hardware, application, cloud, or on-premises system for end users, OEMs, machine builders, technology providers, and system integrators. New capital supported investments in R&D, sales, and marketing to scale operations. ZEDEDA expected to more than triple customer edge nodes under management by mid-2021. |
| Feb 2019 | Series A | Energize Capital (lead); Lux Capital (lead); Wild West Capital; Harris Barton; Almaz Capital | $16M | - | ZEDEDA raised $15.9 million in a funding round announced on February 25, 2019. Investors included Almaz Capital, Energize Capital, Harris Barton, Lux Capital, and Wild West Capital, with Energize Capital and Lux Capital as leads. |
| Feb 2018 | Seed | Almaz Capital (lead); Wild West Capital (lead); Barton Capital; Lux Capital; Energize Capital; Forge Innovation & Ventures | $3M | - | - |
Who has invested in ZEDEDA?
16 investors have backed ZEDEDA across its funding rounds, including Lux Capital, Almaz Capital, Energize Capital, Juniper Networks, Rockwell Automation and EDF North America Ventures.
Lead investors include Smith Point Capital, Coast Range Capital, EDF North America Ventures, Juniper Networks, Rockwell Automation and 4 other investors.
ZEDEDA Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Feb 2018 | ||
| 4 | Lead | Feb 2018 | ||
| 4 | Lead | Feb 2018 | ||
| 2 | Lead | Mar 2021 | ||
| 2 | Lead | Mar 2021 | ||
| 2 | Lead | Feb 2018 | ||
| 2 | Lead | Mar 2021 | ||
| 1 | Lead | Feb 2024 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Feb 2018 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Lead | Jul 2022 | ||
This data is available for Pro users. Sign up to see all 16 ZEDEDA investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialZEDEDA Competitors
ZEDEDA competitors include listed companies like Vrain Solution and Polaris Holdings, and private ones like AssetWatch, RootCloud, proteanTecs and Xreacloud.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $437M | - | ||
| Private | - | - | $275M | - | ||
| Private | $60M | - | $600M | 10.0x | ||
| Private | - | - | $215M | - | ||
| Publicly listed | $21M | $6M | $307M | 11.5x | ||
| Publicly listed | $312M | $45M | $283M | 1.3x |
ZEDEDA Public Comps
ZEDEDA is still privately-owned, but its public comps include PowerFleet, Rand Worldwide, Zhengzhou Jiean Hi-tech, Hanyang Eng, Shanghai Information2, Gorilla Technology Group, Hebei Gongda Keya Technology Group, Fixstars, AsiaInfo and Nanjing TDH Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $444M | $76M | 1.5x | 1.5x | 8.8x | 6.5x | |||
| $222M | $19M | 1.8x | - | 21.8x | - | |||
| $54M | $9M | 7.2x | 6.6x | 42.9x | - | |||
| $814M | $45M | 0.3x | - | 5.1x | - | |||
| $28M | ($3M) | 10.3x | - | (109.9x) | - | |||
| $101M | ($12M) | 2.6x | 1.5x | (21.4x) | 20.9x | |||
| $69M | $9M | 5.7x | - | 45.7x | - | |||
| $62M | $18M | 6.7x | 5.9x | 23.5x | - | |||
This data is available for Pro users. Sign up to see all ZEDEDA competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ZEDEDA
| When was ZEDEDA founded? | ZEDEDA was founded in 2016. |
| Where is ZEDEDA headquartered? | ZEDEDA is headquartered in San Jose, CA, United States. |
| Is ZEDEDA publicly listed? | No, ZEDEDA is a private, VC-backed company. |
| What is ZEDEDA's valuation? | ZEDEDA was last valued at $400M in its Series C in February 2024. |
| How much funding has ZEDEDA raised? | ZEDEDA has raised $130M across 5 funding rounds. |
| What was ZEDEDA's last funding round? | ZEDEDA's last funding round was a $72M Series C in February 2024, led by Smith Point Capital. |
| Who are ZEDEDA's investors? | ZEDEDA's investors include Lux Capital, Energize Capital, Almaz Capital, EDF North America Ventures, Juniper Networks, Wild West Capital, Rockwell Automation, Smith Point Capital, H. Barton Asset Management, Barton Capital and 6 others. |
| Which companies are comparable to ZEDEDA? | Companies comparable to ZEDEDA include AssetWatch, RootCloud, proteanTecs, Xreacloud, Vrain Solution and Polaris Holdings. |
See companies similar to ZEDEDA
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