Monday, July 22, 2024

Telefónica invests in Nearby Computing for edge orchestration

Monday, July 22, 2024    

Wayra, Telefónica’s corporate venture capital arm, has announced its investment in Nearby Computing, a leading startup in edge computing orchestration and automation. This investment is part of a $7 million Series A financing round aimed at accelerating Nearby Computing’s expansion and strengthening its market position.

Nearby Computing is integrated with CAMARA, an open-source project that supports Open Gateway, a global telco initiative led by the GSMA. This initiative aims to transform telecommunications networks into programmable platforms, enhancing the scalability of standardized projects. Nearby Computing’s solution streamlines the orchestration of deployments across various edge nodes, ensuring high levels of availability and low latency, which are crucial in today’s complex digital landscape.

Key Points:

  • Wayra’s investment is part of a $7 million Series A funding round.
  • Nearby Computing is recognized for excellence in edge computing orchestration and automation.
  • The startup is integrated with CAMARA and Open Gateway, global initiatives led by the GSMA.
  • Nearby Computing’s solutions ensure high availability and low latency for edge deployments.
  • The investment will support the company’s expansion and market consolidation.