Expanso Lands Strategic Investment From Samsung Next to Reshape Compute Infrastructures
May 16 2024 - 12:30PM
Business Wire
Expanso, the distributed compute company based in Seattle,
Washington, has secured a strategic investment from Samsung Next
that signals big ambitions to transform how data is being managed
and processed worldwide. Expanso, founded in early 2023 by tech
veteran and former Kubernetes Product Lead David Aronchick,
announced today that it has closed financing from Samsung Next, the
South Korean electronics giant’s venture capital arm. The
partnership underscores Expanso's ambition to bring its distributed
workload and data management technology to millions of users
globally. The company had previously raised $7.5 million in their
seed round in November 2023.
“Samsung is a global company with products and services that
span every aspect of customer’s lives. Teaming up with Samsung Next
is a no-brainer, and is core to our mission of tackling those
pervasive data challenges,” said David Aronchick, CEO of Expanso.
“Our role is more about bridging gaps and enabling our customers to
freely choose how and where to handle their varied workloads, all
while ensuring they maintain full control over their data.”
With Bacalhau, the open-source platform being developed by
Expanso, users can run workloads reliably across various
environments, including cross-region, cross-cloud, on IoT, and edge
devices, and even on unreliable networks. Their intelligent
platform can reliably schedule workloads based on where customers
need to execute them, with automatic queuing and rescheduling,
audit logs, user authentication and authorizations, and will notify
users on successful job executions. Additionally, this capability
is perfect for handling vast amounts of data and therefore extends
to deploying ML models to edge devices. Paired with appropriate
hardware, these models become more accurate and efficient,
broadening the applications for edge ML.
Expanso is gaining traction and establishing key partnerships
with major companies. Their orchestration platform, particularly
recognized for its application in edge machine learning, has been
acknowledged by Intel and VMware. They achieved success by winning
VMware's TECHCOnnect showcase, being highlighted at VMware's MWC
booth, and presenting their solution at Intel's AI Summit.
Furthermore, they recently received the 2024 Data Breakthrough
Award as the "Data Processing Solution of the Year."
Expanso's strategy to enhance existing data management solutions
by improving data processing's interoperability and efficiency is a
key differentiator in a crowded market. It tackles significant
issues organizations face, like high costs, data silos and
integration challenges, aligning with the shift towards more
flexible tech ecosystems. By enabling workloads to run locally,
Expanso is not only addressing privacy and latency issues but is
also unlocking new opportunities for real-time analytics and
decision-making in fields such as autonomous vehicles, industrial
automation, and healthcare. In a time when data privacy laws are
tightening, Expanso's focus on data protection and compliance is
particularly relevant and its feature to enable collaborative data
analytics and ML model training without sharing raw data addresses
privacy and regulatory demands, potentially setting a new standard
for responsible data usage across industries.
The investment by Samsung Next has the potential to both
financially and strategically accelerate Expanso's growth.
Samsung's global reach and expertise in hardware, particularly in
areas relevant to edge computing and IoT devices, combined with
Expanso's software capabilities, present a powerful synergy. With
Samsung Next’s backing adding to previous investments by General
Catalyst, Hetz Ventures, and Array Venture Capital, Expanso is
strategically tackling modern data management challenges through a
unified platform that spans cloud services, geographical regions,
on-premises infrastructure, IoT, and edge computing - even over
unreliable networks. Its commitment to interoperability, privacy,
and compliance sets it apart in the market. For tech leaders and
investors, Expanso stands out as an innovative new player with
significant potential for strategic partnerships, embodying a
progressive perspective on technology development and deployment.
Expanso's industry recognition and awards, like the 2024 Data
Breakthrough Award, highlights its potential as an emerging leader
in the tech sector.
About Expanso
Expanso aims to redefine computing. Their distributed platform
enables users to process data right where it is, whether that's
across clouds, zones, or regions, on a global scale. This means
operations are faster, cheaper, and more secure for anyone working
with data.
For more:
https://www.expanso.io
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