Edgeless Systems, a Bochum, Gemrany-based pioneering confidential computing company that is turning the public cloud into the safest place for sensitive data, announced that it raised $5 million in seed funding.
The round was 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).
Edgeless Systems will use the seed funding to sustain its product lead, expand into the United States and add exciting features to its Constellation platform.
It aims to be the de facto standard for 100 percent secure Kubernetes in the coming years. It will also build out its marketing and sales teams to help educate the industry on confidential computing and support advancements in this area.
"We are turning the public cloud into everyone's private cloud," said Felix Schuster, CEO of Edgeless Systems. "By encrypting data all the time, even at runtime, and providing the best possible protection against infrastructure-based threats like malicious admins or co-tenants, Edgeless Systems can transform the way developers build and secure their public cloud workloads."
Edgeless Systems' flagship open-source platform, Constellation, and its associated tools, are already being used by hundreds of developers and DevOps engineers at companies such as Bosch, IBM, and Intel, among others.
Constellation is a confidential orchestration platform for Kubernetes. It leverages confidential computing to isolate and runtime-encrypt entire Kubernetes deployments, finally allowing enterprises to use the public cloud like their private cloud.
Company: Edgeless Systems GmbH
Raised: $5.0M
Round: Seed Round
Funding Month: March 2023
Lead Investors: SquareOne
Additional Investors: Evan Weaver, Mirko Novakovic, Paolo Negri, Mathias Biilman, and Chris Back
Company Website: https://www.edgeless.systems/
Software Category: Confidential Computing
About the Company: Founded in 2020, Edgeless Systems is a cybersecurity startup that develops 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 has renowned investors and customers, such as the Swiss stock exchange SIX and Bosch. Edgeless Systems is a member of the Confidential Computing Consortium including Microsoft, Google, Red Hat, Intel, and Huawei.
Source: https://www.prnewswire.com/news-releases/edgeless-systems-raises-5m-to-advance-confidential-computing-301763856.html