Startup Zededa Raises $72 Million to Power AI Tools

Zededa, a startup that makes enterprise computing tools, said it has raised $72 million, underscoring investor eagerness to back businesses enabling the smooth operation of artificial intelligence.

The funding round values the company at about $400 million, according to a person familiar with the matter, double its $193 million value at the time of its last round in 2022.

That jump contrasts with an investing environment where startup funding has slowed to levels not seen in five years.

Zededa specializes in edge computing — the group of networks and devices that process data as close as possible to ...