Edge Delta, which analyzes data using distributed stream processing and federated machine learning, has announced a $15-million Series A round led by Menlo Ventures and Tim Tully, the former CTO of Splunk. Previous investors, MaC Venture Capital and Amity Ventures, are participating as well.
“Five years ago, data volumes were smaller, and it was no problem to simply forward all observability data to the cloud, index it, and then analyze it,” said Ozan Unlu, founder and CEO of Edge Delta. “But in that short time, gigabytes have turned into terabytes, and terabytes are turning into petabytes. The centralized cloud model can’t handle it in real time without massive trade offs, the traditional system is archaic.”
“Edge Delta allows enterprises to analyze all of their data without worrying about overages or crushing costs,” added Fatih Yildiz, co-founder and CTO. “Suddenly, teams get complete visibility of all of their data. It is transformative.”
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