Section
Financials
Estimates*
EUR | 2019 | 2020 | 2022 | 2023 |
---|---|---|---|---|
Revenues | 4.2m | 7.4m | 23.6m | 23.6m |
% growth | - | 77 % | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | N/A | Grant | |
N/A | $2.2m | Seed | |
$2.2m | Seed | ||
$5.5m | Series A | ||
$3.8m | Early VC | ||
$12.0m | Series B | ||
* | N/A | Acquisition | |
Total Funding | €23.4m |
Recent News about Section
EditSection.io is a technology company that specializes in providing an Edge Compute Platform designed to give Dev and Ops engineers the control and access they need to run compute workloads on a distributed edge. Founded in Australia in 2012 and later relocating its headquarters to the United States in 2016, Section.io operates in the edge computing market, which is a segment of the broader cloud computing industry. The company serves a diverse range of clients, including those in e-commerce, agile development, and other sectors requiring robust edge solutions.
Section.io's business model revolves around offering a platform that allows engineers to build and deploy their own edge modules or select from a library of highly available and performant edge compute modules. The platform is container-based, leveraging technologies like Docker and Kubernetes to provide flexibility and scalability. Section.io supports many open-source projects, reflecting its commitment to community-driven development and innovation.
The company generates revenue through a subscription-based model, where clients pay for access to the platform and its various features. This model ensures a steady stream of recurring revenue, which is attractive to investors and stakeholders. Section.io is backed by top-tier venture capital firms, including the Foundry Group, which underscores its strong financial backing and growth potential.
Section.io's team comprises individuals with diverse backgrounds in engineering, operations, agile development, marketing, sales, and product management. This diversity enables the company to approach problems from multiple angles and deliver comprehensive solutions to its clients.
Keywords: Edge Compute Platform, DevOps, distributed workloads, Docker, Kubernetes, e-commerce, agile development, open-source, subscription model, venture-backed.