Enabling the Potential of a Trillion Internet-of-Things
EDJX, with unprecedented reach, simplicity, and security, is leading the revolution for real-world edge computing applications including industrial IoT, artificial intelligence, augmented reality, and robotics.
The existing, centralized architecture of cloud computing will be unable to sufficiently address the data volume growth as well as the increasing need for data processing speed and efficiency required for IoT applications. Handling this expansion will require decentralized, low latency (the delay before a transfer of data begins following an instruction for its transfer), high-performance computation, and network capacity at the “edge” (defined by EDJX as within 1,000 feet of the device requiring the computer processing).
Aided by the much greater proximity to the devices it will serve, EDJX’s solution offers speeds up to 40 times greater than attainable by the current centralized datacenter systems, at a lower cost, and with more consideration for cybersecurity.
Quick Facts for Investors
Why We Invested
Financial challenges were exacerbated by the default from Right Forge, of which $7.2M was agreed to over three years. EDJX spent ~$1M on securing the servers for this contract and is now left with the contract for the servers and no revenue from Right Forge.
Their technology is sound, but many personal dynamics between the board and the founders have proven to be an insurmountable obstacle.
EDJX was certainly an investment for which we had high hopes. However, our experience, in this case, underscores the nature of this business and the fact that many factors cannot be predicted no matter how much due diligence one does.
Efforts to assist the company in salvaging residual value from the company’s IP and/or merging with a potential partner have failed and the company has filed for bankruptcy and is a total loss.
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