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HomeNewsStartupsZenlayer raises $50 million in Series C funding round

Zenlayer raises $50 million in Series C funding round

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Edge cloud service startup Zenlayer said that it has raised $50 million in Series C financing.

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Edge cloud service   said that it has raised  $50 million in Series C financing. The round was led by a group including Anatole Investment and Prospect Avenue Capital and included existing investor Volcanics Venture, said the company.

These investors join F&G Venture, NSFOCUS, and to bring Zenlayer's total financing to $90 million since inception. The company said it will allocate the new financing toward enhancing its edge cloud technology and expanding the global network coverage.

“We'll accelerate the development and adoption of our PaaS solutions, and continue to focus on emerging markets, helping our customers to capture the explosive growth of regions like Southeast Asia and South America. This capital will bring us one step closer to realizing our mission of improving digital experiences for every organization and person, anywhere in the world,” said  Joe Zhu, Zenlayer's Founder & CEO.

Zenlayer offers PaaS solutions that deploy compute closer to end-users and accelerate their networks to deliver enhanced digital experience.

Suyang Zhang, Managing Partner, Volcanics Venture: “We began our relationship with Zenlayer in 2019 and have observed the strength and contributions of their team and growth potential first-hand. We are excited to participate in this latest round of financing to continue Zenlayer's mission of improving digital experiences for everyone in the world through edge cloud services, instantly.”

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Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
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