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Edgeless Systems Raises $5M To Advance Confidential Computing

Mar 07, 2023almost 3 years ago

Amount Raised

$5 Million

BochumCloud SecurityCloud ComputingCyber SecurityEnterprise SoftwareSaasInformation TechnologySoftware

Investors

Chris BackMathias BiilmanPaolo NegriMirko NovakovicEvan WeaverSquare One

Description

Edgeless Systems, a pioneering confidential computing company that is turning the public cloud into the safest place for sensitive data, today announced it has raised $5 million in its seed round led by Berlin-based SquareOne with angel investors that include Evan Weaver (founder of Fauna), Mirko Novakovic (exit of Instana to IBM), Paolo Negri (founder of Contentful), Mathias Biilman and Chris Back (founders of Netifly).

Company Information

Company

Edgeless Systems

Location

Bochum, North Rhine Westphalia, Germany

About

Edgeless Systems develops leading open source software for confidential computing to make the cloud the safest place for sensitive data. Edgeless Systems' Constellation is the first Kubernetes platform to ensure that hackers, cloud admins and foreign governments cannot access any data. The company was founded in 2020 by industry experts in Bochum, Germany, and has renowned investors and customers such as the Swiss stock exchange SIX and Bosch. For more information, please visit: https://www.edgeless.systems/

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers