Synadia Raises $25 Million Series B Funding to Meet Massive Demand for Multi-cloud and Edge Computing Driven by AI
SAN MATEO, Calif., Feb. 22, 2024 /PRNewswire/ -- Synadia Communications, Inc., creators and maintainers of NATS.io (NATS), the open-source cloud and edge-native messaging system for high-performance data streaming, today announced it has closed a $25 million Series B financing round. Led by Forgepoint Capital, the investment round includes participation from existing investors and new investors Singtel Innov8, LDVP and 5G Open Innovation Lab. Forgepoint Managing Director Ernie Bio will join Synadia's board of directors.
- The round brings Synadia's total funding to $51 million raised to date and further validates the company's holistic approach to solving the increasingly complex and pervasive challenges of distributed computing, which is driving rapid growth in edge computing investments.
- Founded in 2017 by CEO Derek Collison, the creator of NATS, Synadia entered the market to address the challenges of edge and multi-cloud computing.
- Users can also easily extend Synadia Cloud to hybrid and multi-cloud environments to meet specific data privacy, sovereignty, or custom deployment requirements.
- Synadia Platform - A fully supported version of NATS combined with enterprise-grade features - expertly managed by Synadia or customer self-hosted.