Samsung Next made a strategic investment in Expanso, a distributed compute firm situated in Seattle, Washington.
The deal’s total value was not made public.
Use of funds
The money will be used by the business to grow both its operations and growth initiatives.
About Samsung Next
Its primary focus is to identify and invest in early-stage technology startups with innovative ideas in various fields such as artificial intelligence, augmented and virtual reality, IoT, blockchain, cloud computing, and more.
Users may operate workloads safely across a variety of contexts, including cross-region, cross-cloud, on IoT and edge devices, and even on unstable networks, with Expanso’s open-source platform, Bacalhau. With automated queuing and rescheduling, audit logs, user identification and authorization, and the ability to inform users of successful task executions, the platform can dependably plan workloads depending on where customers need to perform them. This feature also enables customers to expand the deployment of ML models to edge devices and manage enormous volumes of data.
About Expanso
Expanso, led by CEO David Aronchick, offers a distributed computing platform that lets customers handle data wherever it is on a global scale, whether it be across clouds, zones, or regions.
In November 2023, the firm completed a seed round that raised $7.5 million.
“Our role is more about bridging gaps and enabling our customers to freely choose how and where to handle their varied workloads, all while ensuring they maintain full control over their data.”
David Aronchick
