Nearby Computing secures €1.4m public-private financing
Spain’s SETT contributes €680,000 to the €1.4m operation supporting Nearby Computing’s growth.
The total combines public investment with private capital. SETT’s €680,000 is one contribution, rather than the amount of the whole financing.
The capital will support company growth and Spanish digital-infrastructure capabilities. Nearby Computing, a spinout of Barcelona Supercomputing Center and UPC, serves organizations managing distributed cloud and edge workloads.
The company is extending its infrastructure orchestration across telecoms, energy and industrial environments.
Use of funds
Support Nearby Computing’s growth and strengthen digital infrastructure capabilities in Spain