USA – Macrometa Corporation, a Palo Alto, Calif.-based edge computing company, closed a $7M seed financing round.
The round was led by DNX Ventures, with participation from existing investors Benhamou Global Ventures, Partech Partners, Fusion Fund, Sway Ventures, Velar Capital and Shasta Ventures. Led by Chetan Venkatesh, co-founder and CEO, Macrometa is an edge computing company enabling web and cloud native developers to build and run applications across a network of global clouds and data centers. The new funds will be used to accelerate the product rollout and sales of the company’s Global Data Network (GDN), a cloud service that enables web and cloud developers to build and run high performance, multi-region, multi cloud, globally distributed, stateful web, mobile, IoT apps and APIs applications. The company has also expanded its board of directors to include Q Motiwala, Managing Partner of lead investor DNX Ventures, former Auth0 and xnor.ai CEO Jon Gelsey, cybersecurity expert and web scale technologist, Rob Fry. They join Yashwanth Hemaraj of BGV and Chetan Venkatesh the CEO and co-founder of Macrometa on the board. Macrometa is headquartered in Palo Alto, CA with operations in Bulgaria and India.02/10/2020
