# Nearby Computing S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nearby-computing-s-l

- Industry: Software
- Headquarters: Barcelona, Spain
- Website: www.nearbycomputing.com
- Total disclosed funding: $9.5M
- Latest round: Series A (Jul 18, 2024)
- Investors on record: 7

## About

Based in Spain, Nearby Computing S.L. specializes in advanced edge-to-cloud automation solutions tailored for telecommunications and enterprise clients, enhancing operational efficiency across cloud environments.Founded in 2018 in Barcelona, Spain, Nearby Computing S.L. provides innovative edge computing solutions. The company was established by David Carrera, Josep Martí, Oscar Cruces, Sergi Alonso, and Álvaro Villalba. Recently, it successfully raised EUR 6.5 mn in Series A funding on July 18, 2024, with participation from notable investors such as Akamai Technologies, Inc., Cellnex Telecom, S.A., and Lenovo Group. This financing marked its second deal to date, resulting in a total amount raised of EUR 6.5 mn.Nearby Computing's core offering is the NearbyOne platform, a comprehensive edge-to-cloud automation solution designed for telecommunications companies (Telcos) and enterprise clients. This platform allows users to orchestrate and automate workloads across multi-cloud environments, facilitating seamless management of applications, infrastructure, and connectivity. The NearbyOne system enhances the delivery of Internet of Things (IoT) and 5G services, addressing challenges such as bandwidth optimization, latency reduction, and security improvements. It supports a wide array of use cases, including smart cities and mission-critical communications, serving clients globally, with a focus on North America, Europe, and Asia.In the year 2023, Nearby Computing generated revenue of EUR 1,507,969.70 and reported an EBITDA of EUR -358,057.10.Following its recent funding round in July 2024, Nearby Computing S.L. aims to accelerate its market expansion and enhance sales capabilities in strategic regions, including North America, Asia-Pacific, and Europe. The company is also working on new product releases to support its growth strategies, leveraging the EUR 6.5 mn raised to bolster its operations and outreach efforts.

## Funding rounds

- Series A, Jul 18, 2024, $7.1M — Akamai Technologies, Inc., Wayra, Lenovo Group, JME Ventures, Elewit, Walter Ventures, Cellnex Telecom, S.A.
- Seed, Dec 9, 2020, $2.4M — Lenovo Group, Elewit, Cellnex Telecom, S.A.

## Investors

- Lenovo Group — Seed, Series A
- Elewit (https://capitalatlas.ai/funds/elewit) — Seed, Series A
- Cellnex Telecom, S.A. — Seed, Series A
- Akamai Technologies, Inc. — Series A
- Wayra (https://capitalatlas.ai/funds/wayra) — Series A
- JME Ventures (https://capitalatlas.ai/funds/jme-ventures) — Series A
- Walter Ventures — Series A