Avassa Raises €5.8M to Develop its Platform for Managing Massively Distributed Edge Clouds
STOCKHOLM, November 18, 2020 -- Avassa, a pioneer in the management of distributed edge clouds, today announced it has secured €5.8M in a funding round co-led by Fairpoint Capital and Industrifonden. The funds will go toward accelerating the development of its Platform-as-a-Service (PaaS) for managing massively distributed edge clouds for container applications. Avassa’s founding team has a string of successful ventures building software for automating and orchestrating distributed systems between them. The most recent company, Tail-f Systems, was acquired by Cisco Systems in 2014.