May 12, 2022

Edge Delta announced it raised $63 million. These are the details. Edge Delta – a leading observability platform that analyzes and extracts data insights using distributed stream processing and federated machine learning – announced a $63 million Series B round led by Quiet Capital with additional new investors BAM Elevate, Earlybird Digital East, Geodesic Capital, Kin Ventures, ServiceNow, Cisco Investments and all insiders Menlo Ventures, MaC Venture Capital, and Amity Ventures also participating. DevOps, SRE, and security teams must analyze huge volumes of data, including logs, metrics, events, and traces. And as these teams incorporate more distributed and containerized sources like Kubernetes (K8s), Lambda, ECS, and EC2, the volume of data is increasing exponentially. As a result of this data explosion, enterprises are dealing with exorbitant costs and productivity bottlenecks. And the traditional, centralized cloud model – whereby all data is pushed to the cloud for analysis – no longer works. Edge Delta is fundamentally changing the way data is used to derive insights. Rather than moving all data to the cloud, it can be evaluated at its source, enabling accessibility and visibility into 100% of datasets in an automated, proactive, ultra-fast, and scalable solution. And as a result, DevOps, SRE, and security teams can identify system behaviors automatically and get ahead of growing hotspots and anomalies, providing more time to resolve problems rather than diagnose them. Edge Delta plans to use the funding to accelerate corporate growth, including recruitment, marketing and product innovation. KEY QUOTES: “It’s clear that traditional approaches for collecting and analyzing data fall short against the tsunami of data impacting organizations today. As the first and only player in Edge Observability, we enable our customers to harness the tremendous power of enterprise data while generating significant gains in cloud spend and mean time to resolution (MTTR).” – Ozan Unlu, CEO and Founder, Edge Delta “When we deployed Edge Delta, we saw anomalies and useful data immediately. The first week, we actually had an outage and Edge Delta helped us find the root cause hours faster than we would have.” – Justin Head, VP of DevOps at Super League Gaming “Edge Delta elegantly streamlines companies’ abilities to wield their growing avalanche of data in any form. By providing full data visibility faster and with deeper insights, Edge Delta is becoming the key to unlocking a world of new functionality across security, DevOps, and SRE.”  – Morgan Livermore, Partner at Quiet Capital