6.7 C
London
Wednesday, November 30, 2022

Akamai leads $38 million round in Macrometa as two strike partnership • londonbusinessblog.com

Must read

House ‘A Christmas Story’ for sale

IE 11 is not supported. For an optimal experience, please visit our site in a different browser.NEXT ONECongress races to intervene to prevent...

Iterative Launches Its Second Fund for Southeast Asia Startups • londonbusinessblog.com

Despite global headwinds, startups in Southeast Asia are still going strong, say the founders of Iterative capital. The Singapore-based venture capital firm, which...

How a $40 investment changed Luke Cook’s life and the 5 things his new startup, Cuppa, taught him

It's not often I sit back and acknowledge how far I've come in the past 2.5 years. I've grown as a person, met some incredible...

The iPhone 14 Pro and 14 Pro Max may be in short supply during the holiday season

Workers at the massive Foxconn facility have reportedly been forced to live on site in an effort to contain a covid outbreak. Protests...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Edge computing cloud and global data network macrometa raised $38 million led by Akamai Technologies, as the two announce a new partnership and product integrations. Funding also included participation from Shasta Ventures and 60 Degree Capital. Akamai Labs CTO Andy Champagne will join Macrometa’s board.

Macrometa founder and CEO Chetan Venkatesh told londonbusinessblog.com that its GDN enables cloud developers to run backend services closer to mobile phones, browsers, smart devices, connected cars and users in edge regions or points of presence (PoP). That reduces downtime, because if one edge area goes down, another can immediately take over. Akamai’s edge network now spans 4,200 regions around the world.

The partnership between Macrometa and Akamai means the two combine three infrastructure components into a single platform for cloud developers: Akamai’s edge network, cloud hosting service Linode (which Akamai bought earlier this year), and Macrometa’s Global Data Network (GDN) and edge cloud. Akamai Edge Workers technology is now available through Macrometa’s GDN console, API, and SDK, allowing developers to build a cloud app or API in Macrometa and then quickly deploy it to Akamai’s edge locations.

Venkatesh gave some examples of how customers can use the integration between Macrometa and Akamai.

For SaaS customers, the integration means they can see speed increases and latency improvements from 25x to 100x for their products, resulting in reduced user churn and better conversion rates for freemium models. Enterprise customers using the joint solution can improve the performance of streaming data pipelines and real-time data analytics. They can also deal with data residency and sovereignty issues by holding and tokenizing data in geo-fenced data vaults for compliance.

Video streaming clients, meanwhile, can use the integration to take their platforms to the edge, including authentication, content catalog display, personalization, and content recommendations. Similarly, game companies can place servers closer to players and use the Akamai-Macrometa integration for features such as player matching, leaderboards, multiplayer game lobbies, and anti-cheating features. For e-commerce players competing with Amazon, the joint solution can be used to connect and stream data from local stores and fulfillment centers, enabling faster delivery times.

Macrometa will use the funding for developer training, community development, corporate event marketing and joint sales to customers with Akamai (Macrometa’s products are now available through Akamai’s sales team).

In a statement on the funding and partnership, Akamai EVP and CTO Robert Blumofe said: “Developers are fundamentally changing the way they build, deploy and run business applications. Speed ​​and scale are more important than ever, while flexibility in placing workloads is now paramount. By partnering with and investing in Macrometa, Akamai is helping to shape and advance a single platform that meets the evolving needs of developers and the apps they create.”

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

House ‘A Christmas Story’ for sale

IE 11 is not supported. For an optimal experience, please visit our site in a different browser.NEXT ONECongress races to intervene to prevent...

Iterative Launches Its Second Fund for Southeast Asia Startups • londonbusinessblog.com

Despite global headwinds, startups in Southeast Asia are still going strong, say the founders of Iterative capital. The Singapore-based venture capital firm, which...

How a $40 investment changed Luke Cook’s life and the 5 things his new startup, Cuppa, taught him

It's not often I sit back and acknowledge how far I've come in the past 2.5 years. I've grown as a person, met some incredible...

The iPhone 14 Pro and 14 Pro Max may be in short supply during the holiday season

Workers at the massive Foxconn facility have reportedly been forced to live on site in an effort to contain a covid outbreak. Protests...

Austin-based ICON awarded $57.2 million NASA contract for lunar construction technology londonbusinessblog.com

ICONa construction engineering company that has raised more than $400 million in funding has won a new contract from NASA to develop new systems...