What is Edgybees?
Founded in 2016 and headquartered in Gaithersburg, Maryland, Edgybees specializes in providing advanced software solutions for virtual worlds. Their core technology focuses on real-time visual intelligence, enabling enhanced perception and interaction within digital environments. This strategic positioning in the burgeoning field of virtual and augmented reality applications underscores the company's commitment to innovation in a rapidly evolving technological landscape.
How much funding has Edgybees raised?
Edgybees has raised a total of $15M across 2 funding rounds:
Angel/Seed
$5.5M
Series A
$9.5M
Angel/Seed (2018): $5.5M, investors not publicly disclosed
Series A (2021): $9.5M led by OurCrowd, Refinery Ventures, LG Technology Ventures, Verizon Ventures, Seraphim Space Camp, and Kodem Growth Partners
Key Investors in Edgybees
LG Technology Ventures
LG Technology Ventures is a venture capital firm based in Silicon Valley that supports early- and growth-stage innovators across various sectors, including AI, biotech, and cleantech. With nearly $1 billion in assets under management and over 80 active investments, they provide not only capital but also access to LG Group's extensive global network.
Verizon Ventures
Verizon Enterprise Solutions provides network, security, and communications services to business and government clients. The division offers cloud computing, managed services, and IoT solutions to help organizations operate efficiently. Verizon Enterprise serves mid-sized businesses to global enterprises with customized technology solutions.
OurCrowd
Founded in 2013, OurCrowd is a company that offers an investment platform built for accredited investors and institutions to invest in startups, early-stage companies, and venture funds. OurCrowd is located in Israel.
What's next for Edgybees?
The recent major strategic investment signifies a pivotal moment for Edgybees, likely enabling the company to accelerate its product development, expand its market reach, and further enhance its real-time visual intelligence capabilities. This infusion of capital, coupled with the backing of strategic partners, suggests a trajectory focused on scaling operations and solidifying its position within the enterprise software sector. The company is poised to leverage this financing to drive further innovation and capture greater market share.
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