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Hivecell
The premiere Platform as a Service for edge computing
About Hivecell
Founded in 2017 by Jeffrey Ricker, Bruce Prophylora, and Matt Wlodarczak, Hivecell aims to address the challenges of deploying and managing machine learning models at the edge. The company's genesis lies in the founders' prior experiences at LQD WiFi, where they encountered the complexities of managing thousands of IoT devices. This firsthand knowledge of the operational hurdles in edge computing directly informed Hivecell's mission.
Hivecell operates in the edge computing market, providing a Platform as a Service (PaaS) that enables companies to run AI and other software applications at the edge, outside of centralized data centers. This approach is particularly beneficial for industries like retail, quick-service restaurants (QSR), and manufacturing, where real-time data processing is critical for operations such as loss prevention, inventory management, and quality control. The business model combines hardware and software into a subscription service, simplifying the financial and operational burden for its clients by eliminating the need for large upfront capital expenditures on IT infrastructure.
The core offering is a fleet of small, powerful, and self-managing servers, known as Hivecell devices. These are deployed at the edge locations of a customer's operations. The platform is designed for scalability and ease of use, allowing for the management of tens of thousands of locations from a single, centralized dashboard. A key feature is the system's ability to operate autonomously; the devices self-heal, update automatically, and require no onsite IT staff for maintenance. This significantly reduces the total cost of ownership and allows organizations to focus on leveraging their data rather than managing infrastructure. Hivecell's solution ensures that machine learning inferences are performed locally, enhancing data security and reducing latency compared to cloud-based alternatives.
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Funding history
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Financials
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Growth signals
Latest recorded traffic for Hivecell is 570 monthly website visits, down 98.9% over the last three months. Hivecell's team grew 0% over the past year.
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Investors
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Seed1 investor entered at this stage
Scribble Ventures
Series A2 investors entered at this stage
ICU Ventures
Rose Park Advisors
Series B and later1 investor entered at this stage
- KPKnott Partners
Source: Dealroom Talent Intelligence.
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