Ditto Raises $82M for Edge Connectivity

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Ditto lands $82M to synchronize data from the edge to the cloud | TechCrunch

Summary

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Ditto has raised $82 million in a Series B round of funding at a post-money valuation of $462 million .

The company is setting out to bring “resilient” connectivity to edge devices.

It’s all about reducing latency and optimizing bandwidth requirements by processing data either on a device itself, or on dedicated “edge servers” located near to where the data is generated.

In the age of AI and computationally intensive machine learning models, this can be particularly vital.

Ditto’s Series B round was led by Top Tier Capital Partners and Acrew Capital , with participation from Advance Venture Partners , Amity Ventures , Friends and Family Capital , Fundrise, Innovative Technology Fund (USIT), Internet Initiative Japan (IIJ), and True Ventures .

The company plans to grow its team and scale its core product, including forging partnerships with cloud database vendors.

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