SecurEdge Networks, a Charlotte-based software development company, raised $9.2 million in a Series A round that closed at the end of 2023, the company told the Charlotte Business Journal. That funding followed a seed round of $3.2 million that closed earlier in 2023.
SecurEdge Networks Chief Operating Officer Nick Maglosky says the company is not looking to raise more funding. An earlier CBJ report based on SEC filings stated the company was seeking more funding, but Maglosky confirmed the capital raise is complete. The recent Form D filings with the SEC were related in part to the earlier funding rounds.
Maglosky says the company will soon have an announcement related to plans for the recent Series A raise.
SecurEdge was founded in 2006 by CEO Philip Wegner. It's a Network as a Service marketplace that allows users to leverage network infrastructure as a utility. The company enables businesses to create a utility-like subscription for services they need, such as licensing, software, management tools, internet access and professional services, under a single platform.
SecurEdge is also working to build a more robust tech community locally.
In late 2016, SecurEdge opened the Launch Factory at its west Charlotte headquarters at 2459 Wilkinson Blvd. The Launch Factory is a coworking operation that provides space for companies and individuals working in the technology sector, specifically in the Internet of Things space.
Wegner previously told CBJ he hopes the space will bring together like-minded individuals. The Launch Factory operates as a lab for three- to five-person teams who need dedicated desks, collaborative space or conference rooms to work in, with technology available for use.
SecurEdge has a second office in Cluj-Napoca, Romania.
An earlier CBJ report based on SEC filings stated SecurEdge Networks was seeking more funding. The company confirmed its capital raise is complete based on an earlier transaction not reflected in a Form D filing.
