The venture investment and innovation arm of National Grid has invested in software-defined edge computing company to ensure grid operators improve rollout and management of large-scale distributed edge infrastructure.
National Grid Partners, Intel Capital and others are providing $15 million in funding to help Pixeom to scale and deliver its end-to-end edge computing enterprise software platform.
Lisa Lambert, Chief Technology and Innovation Officer at National Grid Partners, said: “Pixeom is bringing applications and computation to the edge. Pixeom’s solution uniquely allows enterprises to balance workloads and optimise operations. We are thrilled to add Pixeom to our group of portfolio companies.”
Mark Lydon, managing director at Intel Capital, added: “In today’s global economy, companies are looking for ways to be more efficient, secure and responsive. With its innovative enterprise software platform, Pixeom can help companies address those needs by deploying and managing large-scale, distributed infrastructure globally. The potential benefits of its software platform extend into multiple areas of technology, and Intel Capital is pleased to support Pixeom’s development.”
Sam Nagar, CEO at Pixeom, reiterated that the funding will be used as growth capital to augment the firm's client base in areas such as energy, telecom, manufacturing, smart Retail, Security and Healthcare.
Previous investors in Pixeom include Samsung.