{"id":1034,"date":"2021-01-28T13:20:49","date_gmt":"2021-01-28T18:20:49","guid":{"rendered":"https:\/\/research.ncsu.edu\/win\/?p=1034"},"modified":"2023-11-27T15:17:56","modified_gmt":"2023-11-27T20:17:56","slug":"red-hot-edge-computing-startup-in-raleigh-lands-10m-more-from-20-investors","status":"publish","type":"post","link":"https:\/\/research.ncsu.edu\/win\/red-hot-edge-computing-startup-in-raleigh-lands-10m-more-from-20-investors\/","title":{"rendered":"Red-hot edge computing startup in Raleigh lands $10M more from 20 investors<\/a>"},"content":{"rendered":"

RALEIGH \u2013<\/strong>\u00a0How hot is edge computing \u2013 and how hot is edge computing startup\u00a0EDJX<\/a>\u00a0in Raleigh?<\/p>\n

So hot that 20 investors \u2013 at a minimum requirement of $200,000 per investor \u2013 have poured another $10.3 million into the new company that just last fall raise some $6 million.<\/p>\n

The new funding \u2013 a mixture of debt and options \u2013 was\u00a0reported in an SEC filing.\u00a0<\/a><\/p>\n

EDJX offers distributed planet-scale edge computing, and has publicly beta launched its Edge delivery platform.<\/p>\n

The EDJX Edge Delivery Platform provides an integrated bundle of services to help developers build smarter, faster applications, websites, APIs, and data pipelines by providing low-latency edge computing services, says CEO John Cowan.<\/p>\n

Edge computing services rely on networks that deliver data from sources closer to the user than most traditional servers. \u201cDistance is distance,\u201d Cowan explains, which just means that closer is faster. \u201cThere is a much greater awareness of the need for high-performance computers in close proximity for low latency dependant uses.\u201d<\/p>\n

The faster response is important to artificial intelligence, machine learning, virtual and augmented reality apps, gaming, entertainment, automated services, the IoT, and predictive analytics. It may one day even increase the efficiency of urban traffic movement. It is also important to autonomous vehicles, proving them with vision into an intersection via a traffic camera, for instance. \u201cVideo is just another sensor to us,\u201d Cowan said.<\/p>\n

Although edge computing has been around quite a while, Cowan said, \u201cThe EDJX platform uses unique, decentralized, distributed peer-to-peer networks.\u201d You may know peer-to-peer computing from the SETI program or Napster. Other types of edge services are generally centralized hub and spoke networks. \u201cWe federate an independent network. And for one thing, it\u2019s 50 percent cheaper.\u201d<\/p>\n

And investors like it.<\/p>\n","protected":false},"excerpt":{"rendered":"

RALEIGH \u2013\u00a0How hot is edge computing \u2013 and how hot is edge computing startup\u00a0EDJX\u00a0in Raleigh? 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