Edge Delta Raises $63 Million Series B Funding to Extend the Power of Untapped Enterprise Data with Real-Time Observability
SEATTLE, May 3, 2022 /PRNewswire/ -- Edge Delta, a leading observability platform that analyzes and extracts data insights using distributed stream processing and federated machine learning, today announced a $63 million Series B round led by Quiet Capital, with additional new investors BAM Elevate, Earlybird Digital East, Geodesic Capital, Kin Ventures, ServiceNow, Cisco Investments and all insiders Menlo Ventures, MaC Venture Capital, and Amity Ventures also participating.
- "It's clear that traditional approaches for collecting and analyzing data fall short against the tsunami of data impacting organizations today," says Ozan Unlu, CEO and Founder, 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 (MTTR)."
- Responsible for the health of mission-critical systems, DevOps, SRE and security teams must analyze huge volumes of data, including logs, metrics, events, and traces.
- "When we deployed Edge Delta, we saw anomalies and useful data immediately," remarked Justin Head, VP of DevOps at Super League Gaming.