Edge computing startup Macrometa gets $20M Series A led by Pelion Venture Partners
Macrometa, the edge computing cloud and global data network for app developers, announced today it has raised a $20 million Series A. The round was led by Pelion Venture Partners, with participation from returning investors DNX Ventures (the Japan and US-focused enterprise fund that led Macrometa’s seed round), Benhamou Global Ventures (BGV), Partech Partners, Fusion Fund, Sway Ventures and Shasta Ventures.
The startup, which is headquartered in Palo Alto with operations in Bulgaria and India, plans to use its Series A on feature development, acquiring more enterprise customers and integrating with content delivery networks (CDN), cloud and telecom providers. It will hire for its engineering and product development centers in the United States, Eastern Europe and India, and add new centers in Ukraine, Portugal, Greece, Mexico and Argentina.
The company’s last round of funding, an $7 million seed, was announced just eight months ago. Its Series A brings Macrometa’s total raised since its was founded in 2017 to $29 million.
