Nearby Computing secures €680K to scale cloud-to-edge orchestration platform

Nearby Computing, a deeptech firm specializing in cloud-to-edge orchestration, has secured €680,000 in investment from the Spanish Society for Technological Transformation (SETT). This follows a broader €1.4 million financing round. The funds will bolster the company's expansion and the development of NearbyOne, a control plane designed to manage and orchestrate distributed cloud-to-edge environments from a unified platform.

Josep Marti, CEO of Nearby Computing, highlighted the company's mission: "Every enterprise we work with is grappling with the same shift: infrastructure that used to be centralized now operates across sites, clouds, and vendors. Managing it piecemeal is no longer scalable." He further emphasized the rising cost of fragmented infrastructure in enterprise IT, stating that this investment will enable Nearby Computing to meet growing demand as businesses increasingly recognize the necessity of orchestration.

As IT environments become more distributed, encompassing industrial facilities, retail spaces, energy infrastructure, and telecommunications networks, the ability to manage this fragmentation from a single control plane has become a business imperative. Nearby Computing's platform enables organizations to navigate this complexity, providing policy-based automation for provisioning, updating, and maintaining infrastructure, rather than relying on manual, site-by-site efforts.

The platform's vendor-agnostic design allows it to orchestrate workloads across various hardware vendors, cloud providers, network infrastructures, and AI stacks. This flexibility ensures that companies can leverage their existing technology stack while maintaining the option to switch vendors in the future without complex migrations.

Additionally, the platform's built-in resilience ensures that critical workloads continue operating locally at the edge in the event of connectivity issues or central cloud disruptions, thereby minimizing operational impacts.

Nearby Computing's technology has already proven its value across several sectors. Service providers utilize the platform to orchestrate infrastructure across multiple 5G Core and RAN vendors as a cohesive unit. In the retail sector, it facilitates the deployment and management of AI-driven applications across hundreds of store locations via a single control plane.

In the energy industry, it manages distributed assets, sensors, and applications across power networks, enhancing grid operations and the integration of renewable energy sources. Furthermore, in mission-critical environments, the platform ensures that essential workloads remain operational locally, preserving continuity even when connectivity or central infrastructure is compromised.

The investment was facilitated through the Next Tech facility, which is supported by Spain's Recovery, Transformation and Resilience Plan, underpinned by European Union Next Generation Funds. This initiative aims to strengthen the financing landscape for deep-tech startups and scale-ups.