Zurich, May 3, 2023
Klepsydra, a leading provider of onboard software for edge computing, has announced that it has raised 1.05M CHF in a funding round led by Spicehaus Partners, with participation from Serpentine Ventures and five private investors. The new investment will allow Klepsydra to accelerate its growth and expand its product offerings to meet the increasing global demand for innovative solutions on the edge.
Klepsydra’s software is designed to process data on devices that are directly connected to sensors, such as small computers inside satellites, robots and IoT devices. With the increasing demand for processing more data on the edge across all sectors, Klepsydra’s solution ensures real-time response and reduces the likelihood of cyberattacks. Compared to traditional approaches, Klepsydra’s edge computing applications provide exceptional performance, up to ten times faster data processing and AI capabilities, with substantially less power consumption and without any cloud connection, making it cost-effective and eco-friendly.
“We’re thrilled to have the support of such experienced investors who share our vision for businesses seeking a competitive advantage in today’s rapidly evolving technological landscape,” said Pablo Ghiglino, CEO of Klepsydra. “This funding will enable us to build on our existing success and take our company to the next level.”
Klepsydra has firmly established itself as a premier provider of onboard software, serving clients in both the European space sector, such as the European Space Agency (ESA), and the commercial IoT market. The company’s innovative approach has been praised by customers for its lightning-fast performance and superior efficiency, providing businesses with a clear advantage in their respective fields.
“We’re excited to be partnering with Klepsydra as they continue to grow and innovate in edge computing software,” said Daniel Andres, Founding Partner at Spicehaus Partners. “Their technology is already making a real difference to businesses around the world, and we believe that with this investment, they’ll be able to accelerate their growth further whilst reaching even more customers.”
With this latest round of funding, Klepsydra is well positioned to continue its impressive growth trajectory and establish itself as a leading edge computing software company around the world.
For more information, please visit: https://klepsydra.com.