Pixeom offers software that allows corporations to run cloud services and applications in their own data centers.
Its edge-computing service is also designed to help tech administrators more easily manage such centers remotely.
The startup received early backing from Samsung and already has 25 Fortune 500 customers.
It recently raised $15 million using the pitch deck below.
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Sam Nagar didn’t intend to create an enterprise-software company focused on edge computing. It just sort of happened.
When Nagar and his sister, Karishma, formed Pixeom, they were actually trying to undermine some large corporations. They wanted to offer consumers a way to get the advantages of cloud- or internet-based services without having to depend on — and turn their data over to — the big tech companies.
Their solution was a device that allowed individuals to set up a kind of personal cloud in their own homes, one that securely stored and gave them remote access to their data but could also be linked up with the personal clouds of other consumers. On the device, the development of which the siblings funded through Kickstarter, they included software that allowed users to store and share files, create an online marketplace, and run discussion groups.
“We were all excited to go that route in the personal, private storage market,” Nagar told Business Insider in a recent interview. “But that lasted all of about, maybe, three months.”
Samsung persuaded Pixeom to switch gears
Pixeom ended up shipping the device — late, like many Kickstarter projects — but the company soon shifted its focus. Its project caught the eye of Samsung. The electronics giant was impressed with the software Pixeom had created, but it wanted to use its own hardware, initially for an Internet of Things project.
So, Pixeom agreed to license its software to …read more
Source:: Business Insider