Nearby Computing secures €1.4m public-private financing to grow its cloud and edge platform
The Spanish operation combines a €680,000 SETT investment with private capital to support distributed infrastructure software.
Coordinating systems across locations
NearbyOne lets telecom operators and enterprises deploy and manage applications across data centres, public cloud and edge sites. Its orchestration layer automates operations across infrastructure from different vendors, including environments where computing runs close to devices and networks.
Public investment alongside private capital
Spain’s SETT is investing €680,000 in a €1.4 million public-private financing operation. The capital will support Nearby Computing’s growth and Spanish digital infrastructure. The company, spun out of the Barcelona Supercomputing Center and UPC, is extending its platform to manage distributed workloads across sectors including telecoms, energy and industry.
Use of funds
Support Nearby Computing’s growth and strengthen digital infrastructure capabilities in Spain