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Synadia Communications raises USD 25 million in Series B funding

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Feb 24, 2024

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Feb 24, 2024

Synadia Communications raises USD 25 million in Series B funding

Funding

Synadia Communications, an open-source cloud and edge-native messaging system developer, has announced a Series B funding round of USD 25 million. Forgepoint Capital led the funding round and its managing director, Ernie Bio, will join Synadia's board. The round also saw participation from existing and new investors like Singtel Innov8, LDVP, and 5G Open Innovation Lab.
The funds will accelerate the growth of NATS.io, the connective platform many leading companies use. It aims to extend its digital services to the edge.
Analyst QuickTake: Established in 2017, Synadia develops and supports low-latency applications and micro-services for multi-cloud and edge environments. Synadia focuses on creating a decentralized, secure global utility powered by NATS.io to connect all digital systems, services, and devices. Its secure and flexible Adaptive Edge platform has seen rapid adoption, addressing the demand for improved performance in distributed cloud architecture.

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