Nearby Computing, a Barcelona-based deeptech company focused on distributed cloud-to-edge orchestration, has secured a €680,000 investment from the Spanish Society for Technological Transformation, known as SETT. The capital forms part of a broader €1.4 million financing operation and will accelerate development of the company's NearbyOne platform. The funding was executed through the Next Tech facility, which supports deep-tech startups and scale-ups under Spain's Recovery, Transformation and Resilience Plan.
Funding Details and Strategic Context
The investment will support Nearby Computing's continued growth and the development of NearbyOne, its control plane for managing and orchestrating distributed cloud-to-edge environments from a single unified platform. Josep Marti, Chief Executive Officer of Nearby Computing, said fragmented infrastructure is one of the biggest hidden costs in enterprise IT today and that orchestration is becoming essential for many organisations. SETT's participation reflects public backing for advanced technology companies within Spain's strategic digital and industrial ecosystem.
Platform Capabilities
NearbyOne allows organisations to manage fragmentation from one central control plane rather than stitching together separate tools for each domain, using policy-based automation for provisioning, updating and maintaining infrastructure. The platform is vendor-agnostic by design, orchestrating workloads across any hardware vendor, cloud provider, network infrastructure or AI stack while allowing future vendor changes without complex migrations. Resilience is built into the architecture, so critical workloads continue running locally at the edge when connectivity or central cloud access is disrupted.
Real-World Deployments Across Sectors
Nearby Computing's technology already supports deployments in sectors where reliability and operational continuity are critical. Telecommunications providers use the platform to orchestrate infrastructure across 5G Core and RAN vendors as a single fleet, while retailers deploy AI-driven applications across hundreds of store locations from one control plane. In the energy sector and mission-critical environments, the platform manages distributed assets and keeps essential workloads running locally during disruptions.
Company Background and Public Funding
Nearby Computing was founded in Barcelona in 2018 by Josep Martí and David Carrera as a spin-off from the Barcelona Supercomputing Center. It previously raised a €6.5 million Series A round in July 2024, backed by Walter Ventures, JME Ventures, Telefónica via Wayra Ventures, Akamai Technologies, Cellnex Telecom and Lenovo. The current transaction was carried out through Spain's Next Tech facility, funded by the country's Recovery, Transformation and Resilience Plan using European Union Next Generation Funds.
Why the Round Matters
Nearby Computing's positioning addresses a growing operational challenge as AI workloads increasingly need to run across distributed environments, from central cloud infrastructure to edge locations embedded in factories, retail stores and energy networks. As AI deployment expands into physical settings requiring low latency and local resilience, orchestration platforms capable of managing AI workloads alongside infrastructure, network and application layers become more important. This also shows how EU Next Generation Funds are directed into strategically important infrastructure-layer technology companies in Europe.
The €680,000 investment from SETT provides Nearby Computing with additional public backing to advance its vendor-agnostic orchestration platform at a time when distributed enterprise infrastructure is becoming the norm. By targeting fragmentation across cloud, edge, connectivity and AI, the company is aligning its development roadmap with a clear market need for simplified control and resilience. The funding reinforces Spain's commitment to supporting deeptech companies that can strengthen European digital infrastructure and industrial competitiveness.