Edge computing is a type of IT infrastructure in which data is collected, stored, and processed near the "edge" or on the device itself instead of being transmitted to a centralized processor. Edge computing systems usually involve a network of devices, sensors, or machinery capable of data processing and interconnection. A main benefit of edge computing is its low latency. Since each endpoint processes information near the source, it can be easier to process data, respond to requests, and produce detailed analytics.
The company, which is based in San Francisco and has an office in Pune, India, is targeting up to $35 million this year as it builds a royalty-driven on-device AI business. That growth has buoyed the company, which now has post-money valuation of between $270 million and $300 million, up from around $100 million in its 2022 Series B, Kheterpal said.
