Edgee's Edge Computing Solutions Attracts VentureFriends Investment
Deal News | Dec 08, 2024 | VentureFriends
Edgee, a newly founded platform by Sacha Morard and Gilles Raymond, utilizes edge computing to address the persistent issue of data loss faced by businesses due to ad blockers, privacy regulations, and restrictive browser settings. Sacha's firsthand experience as CTO at Le Monde revealed the unreliability of existing data solutions under such restrictions, motivating him to utilize edge computing as a means to collect data at the network's edge, ensuring consistent and compliant data visibility. Alongside Gilles' entrepreneurial expertise, Edgee aims to provide a 100% user data collection capability through partnerships with major edge networks such as AWS, Cloudflare, and Fastly. VentureFriends has invested in Edgee, believing it has the potential to transform the data-driven market through its innovative solution and open-source strategy. Edgee's approach is geared towards transforming long-ignored data challenges into market advantages, with potential applications extending into vast domains like cybersecurity and AI. With their first-mover advantage and ability to generate network effects through open-source growth, Edgee is posed to become the leading platform in edge-based applications.
Sectors
- Edge Computing
- Data Analytics
- Open Source Technology
Geography
- Europe – Sacha Morard, one of the founders of Edgee, has a background at Le Monde, a major European media platform, indicating that Edgee’s activities have a European base or influence.
Industry
- Edge Computing – The article focuses on the innovative use of edge computing by Edgee, demonstrating its potential to address significant data loss challenges faced by businesses and to fuel growth in data analytics and related sectors.
- Data Analytics – Edgee's core mission is centered around enhancing data collection and visibility, directly impacting the data analytics industry by providing a solution to capture all user data while maintaining privacy compliance.
- Open Source Technology – Edgee's growth strategy heavily relies on open-source technology, as it engages developers and builds an ecosystem that can drive viral adoption and create substantial network effects in the technology sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| VentureFriends | Investor | Company | A private equity firm that has invested in Edgee, believing in its potential to transform the edge computing and data analytics markets. |
| Edgee | Target Company | Company | A platform founded by Sacha Morard and Gilles Raymond that utilizes edge computing to enhance data visibility and compliance, addressing challenges posed by data loss. |
| Sacha Morard | Co-Founder | Person | Former CTO of Le Monde, bringing valuable experience and insight in handling data challenges to his role as co-founder of Edgee. |
| Gilles Raymond | Co-Founder | Person | A seasoned entrepreneur with a history of successful exits, co-founding Edgee to leverage his commercial expertise in expanding the platform's reach. |
| Le Monde | Former Employer | Company | A major European media platform where Sacha Morard previously served as CTO, providing context for his experience with data handling challenges. |
| AWS, Cloudflare, Fastly | Technology Partners | Company | Edge networks with which Edgee collaborates to leverage edge computing for comprehensive data collection and increased compliance. |