Forgepoint Capital
Assembly Line
Synadia Raises $25 Million Series B Funding to Meet Massive Demand for Multi-cloud and Edge Computing Driven by AI
Synadia Communications, Inc., creators and maintainers of NATS.io (NATS), the open-source cloud and edge-native messaging system for high-performance data streaming, announced it has closed a $25 million Series B financing round. Led by Forgepoint Capital, the investment round includes participation from existing investors and new investors Singtel Innov8, LDVP and 5G Open Innovation Lab. Forgepoint Managing Director Ernie Bio will join Synadia’s board of directors.
The latest round of funding will enable Synadia to further accelerate the growth of NATS.io, the connective platform used by tens of thousands of companies daily to extend their digital services to the edge. For leading enterprises such as Rivian and Walmart to rapid growth startups like Replit and Personal.AI, NATS is becoming the defacto platform for delivering newly developed edge applications where data and micro-services needs to be accessed closer to the user whether for performance or to reduce escalating cloud costs. These new applications span areas such as AI/ML, real-time customer experience, immersive retail, and industrial IoT.