# Mutable

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mutable

- Industry: Business Support Services
- Headquarters: Brooklyn, US
- Website: www.mutable.io
- Total disclosed funding: $1.5M
- Latest round: Seed (Mar 31, 2020)
- Investors on record: 4

## About

Mutable, Inc. is a technology company specializing in low-latency cloud solutions, transforming underutilized server capacity into micro-datacenters for diverse applications such as AR/VR, IoT, and cloud gaming.Founded in 2016, Mutable, Inc. operates from Brooklyn, US, focusing on enhancing edge computing capabilities. The company raised USD 1.5 mn in Seed funding in March 2020 from investors including Acequia Capital and Fly Ventures. The founder, Antonio Pellegrino, has a background in technology and innovation, but no prior companies are noted.Mutable's core offering is its Public Edge Cloud, a platform designed to transform underutilized servers into revenue-generating micro-datacenters located at the network's edge. This innovative approach significantly reduces latency to under 20 milliseconds, catering to sectors reliant on low-latency computing, such as augmented reality/virtual reality (AR/VR), Internet of Things (IoT), robotics, autonomous vehicles, and cloud gaming. The company prioritizes data security through isolated environments for applications and operates across North America, Europe, and Asia.Mutable operates on a business model that includes subscriptions and partnerships with network operators, enabling them to monetize their underutilized server capacity. Clients enter agreements for access to Mutable's Public Edge Cloud services, which support ARM and GPU architectures, along with container and microservices-oriented architectures for agile development. Transactions are structured around service agreements with ongoing fees for cloud usage and performance-based pricing, enhancing cost optimization based on demand and workload.The company plans to utilize funds from the USD 1.5 mn Seed round raised in March 2020 to expand its product offerings and market reach. Specific plans include the development of new edge computing technologies to be launched in the upcoming years, as well as targeted expansions into additional markets in Europe and Asia over the next two years. This strategy is aimed at enhancing service delivery capabilities and increasing the company’s footprint in the global technology landscape.

## Funding rounds

- Seed, Mar 31, 2020, $1.5M — Acequia Capital, Fly Ventures, Lunar Ventures, Momenta Ventures

## Investors

- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed
- Fly Ventures (https://capitalatlas.ai/funds/fly-ventures) — Seed
- Lunar Ventures (https://capitalatlas.ai/funds/lunar-ventures) — Seed
- Momenta Ventures (https://capitalatlas.ai/funds/momenta-ventures) — Seed