Expanse raises €4.5m seed round led by Crane Venture Partners
PXN Ventures and AIP Seed participated as Expanse expands engineering and product development.
Expanse raised €4.5 million in seed financing led by Crane Venture Partners, with participation from PXN Ventures and AIP Seed. The financing was also reported as approximately $5.3 million.
The company will expand engineering, accelerate product development and pursue wider adoption. In one production deployment, Expanse says its workload-forecasting software identified nearly €6.9 million of idle compute capacity in a month.
Use of funds
Expand the engineering team
Accelerate product development
Reach wider industry adoption