Section, a Boulder, Colo.-based Edge as a Service (EaaS) provider, closed a $12m Series B funding.
The round was led by Lumen Technologies, with participation from existing investors Foundry Group and Next Frontier Capital, and new investor Andreas Family Office.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2012 in Sydney, Australia, by Stewart McGrath, CEO, Section provides Edge as a Service technologies that power next-gen applications with secure digital experiences. For application engineers, the platform removes the burdens associated with Edge infrastructure provisioning, workload orchestration, scaling, monitoring, and traffic routing, so they can focus on innovating their core product.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Section Primed to Accelerate Edge as a Service Adoption with $12M Series B Raise
April 26, 2021 GMT
BOULDER, Colo., April 26, 2021 /PRNewswire/ Section, a leading Edge as a Service (EaaS) provider, today announced that it has closed $12 million in Series B funding. The financing round was led by Lumen Technologies, with additional participation from existing investors Foundry Group and Next Frontier Capital, and new investor Andreas Family Office. This latest influx of investment signals strong confidence in Section’s position within the potential $800 billion edge computing ecosystem.
Section Primed to Accelerate Edge as a Service Adoption with $12M Series B Raise prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
While working for the Australian e-commerce company GraysOnline, then CIO Stewart McGrath and then development manager Daniel Bartholomew found performance, security and scalability were of utmost importance. But in trying to move part of the application closer to the user, they found that content delivery networks (CDNs) posed three challenges:
They were fixed networks, each one insisting their locations were better,
They locked users into a discrete set of proprietary software,
They approached the space from a networking standpoint, leaving developers out of the picture completely.
That was their impetus to create Section, a developer-centric platform for moving parts of the application closer to the edge.