Commercial IoT provider Rigado raises $15M to roll out ‘edge-as-a-service’ tech – GeekWire
Founded in 2010, the Portland-based startup sells a “edge-as-a-service” solution to more than 300 customers that need connectivity for smart buildings, asset tracking, connected retail, and other applications.
Madrona Venture Group led the Series A round, which included participation from Vanedge Capital, Rogue Ventures, FusionX Ventures and the Oregon Venture Fund.
Len Jordan, managing director at Madrona, told GeekWire that the Seattle-based firm is focused on the “accelerating market trends around cloud and edge computing.”
“Our investment in Rigado unifies these two themes as their platform marries edge computing with the cloud while providing the management, scale and security for next-generation IoT applications,” he added.