Edge Delta, a Seattle-based startup that’s building a distributed analytics platform, raised $3 million in seed funding from lead investors MaC Venture Capital and Amity Ventures.
The freshly-launched company was founded by Fatih Yildiz and Ozan Unlu, who met while working at Microsoft. Their paths later diverged when Unlu joined Sumo Logic and Yildiz went on to become an engineer at Twitter.
What brought them back together was a shared belief that the way data is currently managed — by collecting it into the cloud for processing — is fundamentally incompatible with much of tomorrow’s technology. They point to self-driving cars and Amazon Go’s cashier-less stores as examples of applications that needs a lot of data processing to happen close to the source.
“If we can essentially get very close to that data … then we can be 100 times faster, we can be infinitely scalable, we can have better privacy and security posture. And all of it can be fully automated,” said Unlu, who serves as Edge Delta’s CEO. Yildiz is the company’s chief technology officer.
The startup is using federated learning — a distributed form of machine learning — to flag problems related to DevOps and security. Unlu said they are targeting clients across a range of industries that have critical systems that run on edge computing.
In securing the financing, Edge Delta worked with MaC co-founder Adrian Fenty, who was formerly the mayor of Washington, D.C. and an advisor at Andreessen Horowitz, as well as Peter Bell, a general partner at Amity Ventures.
Edge Delta is one of several Seattle-area startups in the edge computing space. Tignis, Balena and Gaia are all working on services that make it easier for companies to build and manage edge computing applications.
Microsoft has made the “intelligent edge” a core focus and earlier this year debuted Azure SQL Database Edge, which was designed with edge computing processors in mind.
Edge Delta has six employees and will soon move into new offices in the South Lake Union neighborhood. The company is actively recruiting engineering talent and plans to hire 12 or more employees in the next year.
Source: Geek Wire