Showing posts with label Silicon Valley. Show all posts
Showing posts with label Silicon Valley. Show all posts

Tuesday, September 19, 2017

Minio raises $20m for Multi-Cloud Object Storage

Minio, a start-up based in Palo Alto, California, raised $20 million in Series A funding for open source object storage for cloud-native and containerized applications.

Minio has developed an object storage server that enables developers to store unstructured data on any public or private cloud infrastructure, including multi-cloud deployments. The solution lets users build their own Amazon S3-compatible object storage on bare metal, public cloud or existing SAN/NAS storage infrastructure.

Minio reports  over 10M downloads since its general availability in January 2017.

The Series A funding round was jointly led by Dell Technologies Capital, General Catalyst Partners and Nexus Venture Partners, with participation by Intel Capital, AME Cloud and Steve Singh.


Thursday, September 7, 2017

John Deere acquires Blue River Technology for AI

Deere & Company has acquired Blue River Technology, a start-up based in Sunnyvale, California that is applying machine learning to agriculture. The deal was valued at $305 million.

Blue River is developing computer vision and machine learning technology that will enable growers to reduce the use of herbicides by spraying only where weeds are present, optimizing the use of inputs in farming – a key objective of precision agriculture.

"We welcome the opportunity to work with a Blue River Technology team that is highly skilled and intensely dedicated to rapidly advancing the implementation of machine learning in agriculture," said John May, President, Agricultural Solutions, and Chief Information Officer at Deere. "As a leader in precision agriculture, John Deere recognizes the importance of technology to our customers. Machine learning is an important capability for Deere's future."

"Blue River is advancing precision agriculture by moving farm management decisions from the field level to the plant level," said Jorge Heraud, co-founder and CEO of Blue River Technology. "We are using computer vision, robotics, and machine learning to help smart machines detect, identify, and make management decisions about every single plant in the field."

http://www.JohnDeere.com
http://www.BlueRiverTechnology.com

  • Investors in Blue River included Khosla Ventures, Pontifax ATech. Innovation Endeavors, and Data Collective Venture Capital.


Wednesday, September 6, 2017

MapR raises $56 million for big data management

MapR Technologies, which offers a Converged Data Platform that integrates analytics with operational processes in real time, announced $56 million in new equity investment from its existing investors.

MapR reported 100 percent quarterly billings growth for its second quarter of fiscal 2018, which ended on July 31, 2017, one of the largest increases for the company. The company cited
over 100 percent year over year growth in new subscription billings from Global 2000 customers such as American Express, Audi, Cisco, Ericsson, HPE, Novartis, NTT Security, SAP, UnitedHealthcare and Wells Fargo.

Some Q2 Highlights:

  • MapR introduced MapR-XD, a cloud-scale data store to manage files and containers. As part of the MapR Converged Data Platform, MapR-XD uniquely supports any data type from the edge to the data center and multiple cloud environments with automatic policy-driven tiering from hot, warm or cold data. MapR-XD enables customers to create vast, global data fabrics which are inherently ready for analytical and operational applications making it easier to operationalize data.

  • MapR formed a partnership with NTT DATA Business Solutions Asia Pacific, one of the largest SAP reseller and solutions based consulting firms globally to help customers optimize and find more cost efficiencies for their SAP deployments using the MapR Converged Data Platform. MapR partners include Amazon, Cisco, Google, HPE, Microsoft, SAP and Teradata.

"Our customers and partners continue to be at the forefront of this 30-year re-platforming the industry is going through today. We are working closely with them to ensure their success and helping them to execute on their digital transformation and data strategies," said Matt Mills, CEO, MapR Technologies.

MapR is based in San Jose, California.

http://www.mapr.com


  • In May 2014, MapR Technologies raised $110 million in venture funding for its distribution for Apache Hadoop software. Google Capital led the $80 million equity financing. Also participating was Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, and existing investors including Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures.  In addition to the equity financing, MapR completed a debt facility of $30 million led by Silicon Valley Bank.

Thursday, August 31, 2017

Qadium raises $40m for indexing every device on public Internet

Qadium, a start-up based in San Francisco, announced $40 million in Series B funding for its automated, global Internet intelligence operation.

Qadium said it "indexes every device on the public Internet every hour, similar to how search companies crawl web pages." Qadium then uses these data to continually monitor the global Internet for large organizations’ true network boundary, surfacing comprehensive information about all of an organization’s Internet-facing risks.

“Our technology would have been impossible just a few years ago,” says Co-Founder and CTO Matt Kraning. “Now, we leverage distributed and massively parallelized computation to monitor the global Internet in real time. It’s the first game-changer in a decade for defenders in cyberspace, allowing them to find and fix risks faster than attackers can exploit them.”

Qadium is available on a SaaS basis. Cited customers include PayPal, Capital One, Allergan, and Fluor, among others.

The new funding round was led by IVP, joined by new investor TPG Growth. Prior investors New Enterprise Associates (NEA), Founders Fund, Susa Ventures, and angels also participated.

https://qadium.com/

Tuesday, August 29, 2017

Pure Storage names Charlie Giancarlo as new CEO

Pure Storage annnounced the appointment of Charlie Giancarlo, replacing Scott Dietzen, who will take on the role of Chairman of the Board.

Giancarlo is known for his leadership roles at Cisco, where he previously served as Chief Technology Officer and Chief Development Officer. Since leaving Cisco, he has shared his management experience across Silver Lake Partners’ portfolio, including as Avaya’s Interim CEO, as well as on the boards of Arista, Accenture and ServiceNow.

https://blog.purestorage.com/august-24th-announcement-1/

Wednesday, August 23, 2017

NTT DOCOMO invests in Petametrics

NTT DOCOMO Ventures has made an equity investment in Petametrics, a San Francisco start-up that provides “LiftIgniter”, a personalization API to deliver a wholly unique experience to every individual user impression.

LiftIgniter was founded by Indraneel Mukherjee, a former Google researcher, and a team of machine learning and math PhDs., The personalization engine is powering various NTT DOCOMO e-commerce services.

NTT DOCOMO said personalization based on sparse data points and real-time action by users has demonstrated the ability to significantly improve sales and customer engagement. However, most personalization engines require data scientists to analyze huge amounts of log data combined with user preferences and historical information in order to deliver intelligent recommendations to the end-user. With LiftIgniter, the machine learning-based personalization algorithms run 24/7, learning and reacting to each impression in real-time to predict and serve up tailored content for every user touchpoint. The platform is agnostic across all content, languages and devices. It can be fully integrated and operational within a few hours, with minimal ongoing management.

http://www.liftigniter.com
https://www.nttdocomo-v.com/en/release/sgzu31mczf/

Tuesday, August 22, 2017

Druva raises $80 million for data-as-a-service

Druva, a start-up based in Sunnyvale, California, announced $80 million in new funding for its cloud data protection and management solutions.

Druva provides a data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence. Earlier this month, Druva announced the Druva Cloud Platform Tech Preview, which converges its Druva Phoenix and Druva inSync cloud solutions, and offers a unified view into services and data.

Druva said its success is fueled partially by the rapid expansion of the data protection industry, with market size expected to be $28 billion in 2022 for both cloud-based and on-premises servers, in addition to the rapid cloud data protection and management adoption by Global 5000 organizations.

“We see today’s digital transformation as a data transformation, and protecting data in today’s cloud-connected environment requires a fresh approach,” said Jaspreet Singh, co-founder and chief executive officer at Druva. “Druva’s as-a-Service solution eliminates costly and complex infrastructure to quickly and seamlessly protect, govern, and gain intelligence from their data when and where it’s needed.”

The new funding round was led by Riverwood Capital, with strong participation from Sequoia Capital India, Nexus Venture Partners, Tenaya Capital, and most other existing venture investors.
This brings Druva's total raised to data to approximately $200 million.

https://www.druva.com


  • In May, Druva reported that it is seeing more than 300 percent year-over-year growth in infrastructure data protection revenue. Additionally, Druva Cloud deployments now span more than 4,000 enterprise customers, including 10 percent of the world’s Fortune 500 companies.  


Monday, August 21, 2017

Cisco to acquire Springpath for hyperconvergence software - $320m

Cisco agreed to acquire Springpath, a start-up specializing in hyperconvergence software for $320 million in cash and assumed equity awards.

Springpath, which is based in Sunnyvale, California, has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems. Cisco and Springpath have worked together since early 2016 to launch HyperFlex, a fully integrated hyperconverged infrastructure system.

Cisco said the acquisition will allow it to continue to deliver next-generation data center innovation to its customers.

"This acquisition is a meaningful addition to our data center portfolio and aligns with our overall transition to providing more software-centric solutions," said Rob Salvagno, Cisco vice president, Corporate Business Development. "Springpath's file system technology was built specifically for hyperconvergence, which we believe will deliver sustainable differentiation in this fast-growing segment. I'm excited to be able to provide our customers and partners with the simplicity and agility they need in data center innovation."

http://www.springpath.com
http://www.cisco.com

  • Springpath was co-founded by Mallik Mahalingam and Krishna Yadappanavar, both whom previously held senior engineering roles at VMware.

Redis Labs secures $44m in venture funding

Redis Labs, a start-up based in Mountain View, California with offices in Tel Aviv and London, raised $44 million in Series D funding, bringing its total equity to $86 million.

The latest funding round was led by new investor Goldman Sachs Private Capital Investing and existing investors Bain Capital Ventures and Carmel Ventures, with participation from Dell Technologies Capital.

Redis Labs is home of open source Redis, the world's most popular in-memory database platform and currently the fastest growing database of any kind (SQL or NoSQL). Redis was created in 2009 by Salvatore Sanfilippo, who leads open source development at Redis Labs.

Redis Labs reports 70 percent year-over-year revenue growth in the most recent quarter.

"This funding round is a testament to the growing market demand and adoption of the open source Redis and Redis Enterprise to power next-generation applications as real-time, ultra-responsive capabilities become mandatory," said Ofer Bengal, CEO and co-founder at Redis Labs. "The investment will support our continued market penetration and allow us to meet the enterprise demand we're seeing for a modern in-memory database platform across wider geographies and industry sectors."

https://redislabs.com

Wednesday, August 9, 2017

BlueJeans Network Names Quentin Gallivan as CEO

BlueJeans Network announced the appointment of Quentin Gallivan as its new CEO, replacing Krish Ramakrishnan, who continues on at the company as Innovation and Strategy and Executive Chairman.

Gallivan is a four-time CEO with deep experience guiding numerous industry-leading enterprise platform and cloud companies.
He was a founding executive at Verisign, and helped grow the company from a $20M revenue cloud security company serving the mid-market to a $1.5B revenue global cloud infrastructure player. He served as CEO of Postini, which grew to more than 35,000 customers and over 10 million users in 25 countries before its acquisition by Google. More recently, he was CEO of Pentaho, an open source business intelligence (BI) platform company which was acquired by Hitachi in 2015.

"BlueJeans is leading a once-in-a-generation transformation of the collaboration, meetings, and enterprise application spaces by building a world-class enterprise video platform delivered in the cloud," said Gallivan. "Krish and his team have done a phenomenal job in creating this new and exciting space while simultaneously building a company of significant scale with an impressive roster of large global enterprises. I'm excited to join this special company, helping to lead the organization in its next phase of expansion and growth. I look forward to partnering with Krish as he continues to drive innovation and strategic market development for BlueJeans."

https://www.bluejeans.com/


Friday, July 14, 2017

Vitalpointz Targets the Edge

We have seen the tremendous potential for innovation, cost saving, and flexibility being unleashed by the public clouds.  The hyperscale data centers of the top three public cloud providers are marvels to behold. Private cloud data centers and hybrid cloud architectures are also on the rise as Fortune 500 companies shift their IT spending to take advantage of this trend.

We are also now witnessing the long-predicted rise in the Internet of Things.  IDC’s recent Worldwide Semiannual Internet of Things Spending Guide predicts spending on IoT will reach $800 billion this year, up 16.7% year over year, and rising to nearly $1.4 trillion in 2021.  IDC breaks down 2017 investments in IoT as follows: manufacturing operations ($105 billion), freight monitoring ($50 billion), and production asset management ($45 billion), smart grid technologies for electricity, gas and water and smart building technologies ($56 billion and $40 billion, respectively). Looking to 2021, IDC expects these use cases will remain the largest areas of IoT spending. The use cases that will see the fastest spending growth are airport facilities automation (33.4% CAGR), electric vehicle charging (21.1% CAGR), and in-store contextual marketing (20.2% CAGR).


The Need for Edge Computing

At the intersection of these two trends is a new opportunity that is just beginning to catch the interest of Silicon Valley – edge computing, sometimes also called fog computing. The primary idea here is that Industrial Internet of Things (IIoT) applications will benefit from both cloud infrastructure and local compute/storage resources. Centralized controllers in the cloud could be used for provisioning, performance monitoring, billing, and big data analytics. Real-time control of the application and its associated physical devices would be retained by an “edge” processing/storage unit.

This will drive the development of small server farms, or “cloudlets”, located in-building, on-campus, or in a metro area data center.  Google recently disclosed plans for more data centers in city centers rather than solely hyperscale campuses in remote locations. AWS is promoting its “Greengrass” project, software for running local compute, messaging, data caching, and sync capabilities for connected device. Greengrass runs locally and the AWS cloud provides management, analytics, and durable storage.

The communication service providers have their own variation for this general concept - Central Office Re-architected as a Data Center (CORD).  Under the Linux Foundation, CORD is now an independent open source project aimed at leveraging the elasticity of commodity clouds and merchant silicon for a new generation of smaller and more efficient central offices. Backers include Google, Radisys, Samsung Electronics, AT&T, China Unicom, Google, NTT Communications, SK Telecom, and Verizon, vendors Ciena, Cisco, Fujitsu, Intel, NEC, Nokia, etc.

The Vitalpointz Application Forking Engine

Vitalpointz (vitalpointz.net) is a Silicon Valley-based start-up with R&D operations in Bangalore, that has just announced its entrance into this market. The company is led by veteran successful entrepreneur Ravi Medikonda, who previously headed Vistapointe, a start-up that specialized in cloud-based and real-time network monitoring solutions for mobile operators. Vistapointe developed data extraction, analysis and insight generation technologies that enabled mobile operators to gain visibility into their mobile networks. The solution leveraged Network Functions Virtualization (NFV) architecture, enabling it to run in a telco cloud.  Brocade acquired Vistapointe in 2014. The Vistapointe team went on to become Brocade’s Network Visibility and Analytics business unit, establishing accounts with major North American and Japanese mobile operators.  With Broadcom’s $5.9 billion acquisition of Brocade and subsequent divestitures of many business units, the time seemed right to pursue the new edge opportunity.

“We see a distinct opportunity for a better edge computing paradigm,” says Vitalpointz’ Ravi Medikonda. “Application developers really should not have to know specifically what hardware resources are available locally versus in the cloud.  Our forking engine will automatically direct traffic to where it can be best processed. In many cases, that might be a nearby CORD or on-prem server, but it might be the public or private cloud.”

Applications are driven by multiple functional modules, also known as micro-services, which can exist in different locations (VMs, container, across racks, across data centers, etc.). We also know that application deployment has changed to a SAAS multi-tenant model.  The same deployment of "Office 365" can serve multiple companies and customers.  So, the ability to specifically manage an application by host or an IP-address is not possible.

The patent pending Vitalpointz Application Fork Engine (VAFE) technology will enable applications to run “as is” across the cloud and cloudlet without any configuration change. The company says its VAFE technology will benefit several use cases that require quick responsiveness, low latency and near real-time operation. VAFE can be embedded in x.86 platforms, VMs, processor boards in Layer-2 DC switches or IIOT gateways.

Examples could include context-aware services and location-aware services, asset tracking, video surveillance, connected cars, augmented and virtual reality, etc.  Think of a hotel that is installing NFC-enabled door locks on its customer rooms.  When a new reservation is booked online, a room suite is automatically assigned and a unique room access code is generated and emailed to the guest. This part of the booking is handled by the hotel management application in the cloud. When the guest arrives at the hotel on the day of the booking, he or she may proceed directly to the reserved room, which opens when their NFC-enabled phone is touched to the door lock. The authenticated door opening transaction is processed locally rather than in the cloud data center which could be thousands of miles away.


The Vitalpointz founding team has played the Silicon Valley & Bangalore start-up game before with a successful outcome. A promising market opportunity has been identified and key intellectual property is under development. As is often the case, it is the focused engineering teams who have worked together in the past that gain a first-to-market advantage over the large vendors.

Thursday, July 13, 2017

FogHorn Targets Edge Intelligence Software at IIoT

FogHorn Systems, a start-up based in Mountain View, California, released its Lightning ML edge intelligence software for the Industrial Internet of Things (IIoT).

The company said its Lightning ML brings the power of machine learning at the edge in three ways:
  • Leverages existing models and algorithms: can execute proprietary algorithms and machine learning models on live data streams produced physical assets and industrial control systems
  • Makes machine learning OT-accessible: offer tools to generate machine learning insights 
  • Runs in tiny software footprint: Lightning ML platform requires less than 256MB of memory footprint.

Lightning ML supports all x86-based IIoT gateways and OT systems as well as ARM32 OT control systems (like PLCs and DCSs). It also supports the newest generation of small footprint Raspberry Pi derivative IIoT gateways. The FogHorn Lightning ML software platform can run entirely on premise or connect to any private cloud or public cloud environment.

"In the initial launch of FogHorn’s Lightning platform, we successfully miniaturized the massive computing capabilities previously available only in the cloud. This allows customers to run powerful big data analytics directly on operations technology (OT) and IIoT devices right at the edge through our complex event processing (CEP) analytics engine. With the introduction of Lightning ML, we now offer customers the game changing combination of real-time streaming analytics and advanced machine learning capabilities powered by our high-performance CEP engine,” said said FogHorn CEO David C. King.

http://www.foghorn.io


  • In May 2017, FogHorn Systems announced today that it had raised additional Series A funding from Dell Technologies Capital and Saudi Aramco Energy Ventures (SAEV). The extended funding brings FogHorn’s total Series A round to $15 million, excluding the conversion of $2.5 million in seed funding. Dell Technologies Capital added to its initial Series A investment. Saudi Aramco Energy Ventures is a new investor in the company.

Wednesday, May 24, 2017

Fastly, provider of edge cloud solutions, raises $50m in Series E funding

Fastly based in San Francisco, the edge cloud platform:

a.         Founded in 2011 by Artur Bergman, current CEO of Fastly.

b.         Developer of an edge cloud platform designed to enable secure and scalable delivery of digital services.

c.         Which has raised total funding of approximately $129 million in four rounds from investors including Iconiq Capital, Amplify Partners, August Capital, O'Reilly AlphaTech Ventures OATV, Battery Ventures and IDG Ventures.

Announced it has raised $50 million in new funding in a Series E round led by Sorenson Capital, with participation from additional new investor Sapphire Ventures and existing investors Iconiq Capital, Amplify Partners, August Capital, O'Reilly AlphaTech Ventures OATV and IDG Ventures. The company stated that including this latest round it has raised a total of approximately $180 million to date.

Fastly stated that since the introduction of its edge cloud platform, the company has achieved more than 100% annualised revenue growth over the last two quarters and is approaching breakeven based on an annualised run rate of $100 million. Fastly cited customers including online destinations such as The New York Times, Airbnb, Spotify, Pinterest and Ticketmaster.

Fastly's edge cloud platform provides a suite of application delivery, video and streaming, and cloud security solutions, including the recently-announced Image Optimizer, Load Balancer and Web Application Firewall (WAF), which were launched in April this year.


In October 2016, Fastly introduced its Managed CDN solution, designed to provide businesses with custom CDN solutions that meet individual customer requirements. The Managed CDN offering combines a customer’s existing network infrastructure with Fastly's content delivery platform.


Thursday, May 11, 2017

Cisco to Acquire MindMeld for AI Expertise

Cisco agreed to acquire MindMeld, a start-up based in San Franciso that is developing a conversational platform based on natural language understanding (NLU). The deal was valued at $125 million in cash and assumed equity awards. The acquisition is expected to close in Cisco's fourth quarter of fiscal year 2017.

The MindMeld platform can be used for building intelligent conversational interfaces for companies to interact with their customers across almost any device or application. MindMeld is able to ingest customer data and create a highly accurate and customized natural language model, tailored to each company’s industry and requirements. MindMeld also delivers a dialog manager that enables a computer to respond to user requests through chat and voice applications in a human-like fashion.

MindMeld was founded in 2011 by Tim Tuttle, a former AI researcher from MIT and Bell Labs,

http://www.mindmeld.com

Versa Networks expands its SD-WAN Offering

Versa Networks announced a significant expansion of its software-defined networking (SDN) capabilities from SD-WAN to software-defined branch (SD-Branch).

The Versa Cloud IP Platform now enables large enterprises and service providers to virtualise and software-define the branch and WAN to help reduce complexity and increase IT agility.

Versa has enhanced the capabilities of the Versa Cloud IP Platform to enable customers to software-define a range of IP services across the branch office and WAN, including:

1.         The ability to host third-party virtual network functions (VNFs), allowing migration to SD-WAN while simplifying lifecycle management and maintaining existing functions at the branch.

2.         Integrated WiFi and Ethernet switching software support to help simplify infrastructure and management.

3.         Embedded LTE for streamlined and more resilient deployments.

4.         Multi-vector malware security.

For enterprise applications, Versa Cloud IP Platform combines network and security capabilities to provide a suite of Layer 3 to 7 IP services that are based on a cloud-native, multi-tenant software platform. The ability to host third-party VNFs with service chaining facilitates deployment where enterprises wish to maintain functionality provided by other vendors.

In addition, managed service providers can employ the Versa Cloud platform to offer a portfolio of managed services that combine MPLS, broadband Internet and mobile (3G/4G) network services with a Software-Defined Branch (SD-Branch), SD-WAN, Software-Defined Security (SD-Security) or Software-Defined Router (SD-Router).

Tuesday, May 9, 2017

Flex Logix, developer of embedded FPGA technology, raises $5m

Flex Logix Technologies, headquartered in Mountain View, California, a supplier of embedded FPGA IP and software:

a.         Founded in March 2014 to develop solutions for reconfigurable RTL in chip and system designs employing embedded FPGA IP cores and software.

b.         Offering the EFLX technology platform designed to significantly reduce design and manufacturing risks, accelerate technology development and provide greater flexibility for customers' hardware.

c.         Which in October 2015 announced it had raised $7.4 million in a financing round was led by dedicated hardware fund Eclipse Ventures (formerly the Formation 8 hardware fund), with participation from founding investors Lux Capital and the Tate Family Trust.

Announced it has secured $5 million in Series B equity financing in a round led by existing investors Lux Capital and Eclipse Ventures, with participation from the Tate Family Trust.

Flex Logix stated that new funding will be used to expand its sales, applications and engineering teams to meet the growing customer demand for its embedded FPGA platform in applications including networking, government, data centres and deep learning.

Targeting chips in multiple markets, the Flex Logix EFLX platform can be used with networking chips with reconfigurable protocols, data centre chips with reconfigurable accelerators, deep learning chips with real-time upgradeable algorithms, base stations chips with customisable features and MCU/IoT chips with flexible I/O and accelerators. The company noted that EFLX is currently available for popular process nodes and is being ported to further process nodes based on customer demand.

The Flex Logix technology offers high-density blocks of programmable RTL in any size together with the key features customers require. The solution allows designers to customise a single chip to address multiple markets and/or upgrade the chip while in the system to meet to changing standards such as networking protocols. It also allows customers to update chips with new deep learning algorithms and implement their own versions of protocols in data centres.

Regarding the new funding, Peter Hebert, managing partner at Lux Capital, said, "I believe that Flex Logix's embedded FPGA has the potential to be as pervasive as ARM's embedded processors… the company's software and silicon are proven and in use at multiple customers, paving the way to become one of the most widely-used chip building blocks across many markets and for a range of applications".

While Pierre Lamond, partner at Eclipse Ventures, commented, "The Flex Logix platform is the… most scalable and flexible embedded FPGA solution on the market, delivering competitive advantages in time to market, engineering efficiency, minimum metal layers and high density… the patented technology combined with an experienced management team led by Geoff Tate, founding CEO of Rambus, position the company for rapid growth".


Monday, May 1, 2017

Rubrik Raises $180M for Cloud Data Management

Rubrik, a start-up based in Palo Alto, California, closed $180 million in Series D funding for its cloud data management solutions.

Rubrik's platform delivers automated cloud data backup, instant recovery, offsite replication and data archival capability. One Intel-powered appliance manages all data in the cloud, at the edge, or on-prem for backup, DR, archival, compliance, analytics, and copy data management. The company said it is on an annual run rate approaching $100 million.

The latest investment round was led by IVP with strong participation from Lightspeed Venture Partners and Greylock Partners, bringing total equity raised to $292 million.

https://www.rubrik.com/


Saturday, April 29, 2017

Cloudera Pops 20% on First Day of Trading

Shares in Cloudera (NYSE: CLDR) rose over 20% on their first day of trading to close at $18.09 and giving it a market cap of about $2.3 billion. The IPO price was $15.

Cloudera, which was founded in 2008 and is based in Palo Alto, California, specializes in enterprise analytic data solutions powered by Apache Hadoop. Cloudera's overall revenue was about $261 million last year, up significantly from the year before. The company has approximately 1,600 employees.

http://www.cloudera.com

Cloudera's Latest Funding Round Brings Up $900 Million

Cloudera confirmed that its latest funding round, which included a strategic investment from Intel, amounts to $900 million.  This financing round includes the previously-announced $160 million of funding from T. Rowe Price and three other top-tier public market investors, Google Ventures, and an affiliate of MSD Capital, L.P., the private investment arm of Michael Dell and his family, and a significant equity investment by Intel that gives them an 18% share of Cloudera.

“The market opportunity for companies to gain insight and build transformative applications based on Hadoop is tremendous,” said Tom Reilly, CEO of Cloudera. “Clearly, demand is accelerating and the market is poised for growth – for all of the players in this space, and we believe Cloudera will be the company to lead this global shift in extracting value from data. This position of strength and leadership is evidenced by the strong support of public market investors, large institutional investors and now key strategic investors including Intel, who’ve made sizable and significant contributions to cement our platform offering.”

Friday, April 28, 2017

Thales to Acquire Guavus for Data Analytics

Thales agreed to acquire Guavus, which specializes in big data analytics, for US$215 million.

Guavus said it currently analyzes more than 5 petabytes of data every day on behalf of its customers, which include telecom and cable operators.  The company supports more than 20 major operators around the world, including the 5 largest North-American mobile operators (AT&T, Rogers, Sprint, T-Mobile and Verizon), 4 out of the top 5 Internet backbone carriers, and 7 out of the top 8 cable operators. Guavus is based in San Mateo, California and has about 250 employees, including 140 in Gurgaon (India).

Patrice Caine, Thales’s Chairman and CEO, commented: “Combined with our established expertise in other key digital technologies, the acquisition of Guavus represents a tremendous accelerator of our digital strategy for the benefit of our customers. The application to Thales’s core businesses of Guavus's technologies and expertise in big data analytics will strengthen our ability to support the digital transformation of our customers, whether in aeronautics, space, rail signaling, defense or security.”

https://www.thalesgroup.com/en/worldwide/group/press-release/thales-acquires-guavus-one-pioneers-real-time-big-data-analytics
http://www.guavus.com

Wednesday, March 29, 2017

Intel Appoints Aicha Evans as Chief Strategy Officer

Intel appointed Aicha S. Evans as chief strategy officer, responsible for long-term strategy to transform from a PC-centric company to a data-centric company, as well as leading rapid decision making and company-wide execution of the strategy.

Evans is an Intel senior vice president and has been responsible for wireless communications for the past nine years. Most recently, she was the general manager of the Communication and Devices Group. Evans joined Intel in 2006 and is based in Santa Clara, California.

http://www.intel.com

See also