Edge Intelligence, a Boston-based developer of an analytics platform backed by one co-founder of Yahoo and one co-founder of Sun Microsystems, raised $3 million in seed funding.
Leading investor in this round is Talis Capital, a London-based venture capital firm focused on early-stage technology companies.
Existing investors in Edge Intelligence include Jerry Yang, co-founder and former CEO of Yahoo, and Scott McNealy, co-founder of Sun Microsystems, as well as California-based Morado Venture Partners and Germany-based Wellington Partners.
Edge Intelligence will invest the money in building out its pre-sales, sales, marketing and support functions. Also, it said it will expand its product portfolio; the company's core product is a distributed analytics platform built for both edge computing and hybrid cloud environments.
Edge Intelligence’s approach to analytics - keeping data close to where it’s generated without ever having to move it - makes it quicker to analyze vast amounts and types of data, the company said.
"By keeping data close to where it’s generated without ever having to move the data, organizations gain near real-time, actionable insight to improve operational efficiency, profitability and gain a competitive advantage," Kate Mitchell, co-founder and CEO of Edge Intelligence, said in a statement.
Edge Intelligence operates from its Boston headquarters as well as its research and development center in Bristol, England.
