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Microsoft launches Open Service Mesh

Microsoft today announced the launch of a new open-source service mesh based on the Envoy proxy. The Open Service Mesh is meant to be a reference implementation of the Service Mesh Interface (SMI) spec, a standard interface for service meshes on Kubernetes that has the backing of most of the players in this ecosystem. The company plans to donate Open Service Mesh to the Cloud Native Computing Foundation (CNCF) to ensure that it is community-led and has open governance. “SMI is really reson...
Tags: Google, Open Source, Cloud, Enterprise, Microsoft, Developer, Tech, Software, Computing, Mesh, Free Software, Kubernetes, Kong, Kuma, Cloud Infrastructure, Cloud Native Computing Foundation


PandaDoc announces second Series B extension worth $30M

PandaDoc, the startup that provides a fully digital sales document workflow from proposal to electronic signature to collecting payment, announced a $30 million Series B extension today, making it the the second such extension the company has taken since taking its original $15 million Series B in 2017. The total for the three B investments is $50 million. Company co-founder and CEO Mikita Mikado says that he took this approach, taking the original money in 2017, then $5 million last year along ...
Tags: Startups, TC, Cloud, Enterprise, Microsoft, Funding, Tech, Workflow, SaaS, Manila, Mikado, PandaDoc, EBRD Venture Capital Investment Programme, Mikita Mikado, Recent Funding, Esignature


Amazon inks cloud deal with Airtel in India

Amazon has found a new partner to expand the reach of its cloud services business — AWS — in India, the world’s second largest internet market. On Wednesday, the e-commerce giant announced it has partnered with Bharti Airtel, the third-largest telecom operator in India with more than 300 million subscribers, to sell a wide-range of AWS offerings under Airtel Cloud brand to small, medium, and large-sized businesses in the country. The deal could help AWS, which leads the cloud market in ...
Tags: Google, Amazon, Verizon, Cloud, Asia, Enterprise, Microsoft, India, Azure, Tech, Aws, South Asia, Airtel, Amazon India, Google Facebook, Bharti Airtel


Software stocks set new records despite earnings, pandemic

You might have missed it, but amidst the current political-M&A-pandemic-election-disinformation news cycle we find ourselves in this week, SaaS and cloud companies reached new public market records. Yesterday, the Bessemer-Nasdaq cloud index closed at 2,035.54, a new record finish for the basket of software companies. And, today, the index broached the 2,040 mark before ceding some ground. The Exchange explores startups, markets and money. You can read it every morning on Extra Crunch, or get T...
Tags: Fundings & Exits, Startups, TC, Cloud, Tech, SaaS, Redpoint, Jason Lemkin, Bessemer, Market Analysis, SaaStr, The Exchange, Extra Crunch, Bessemer Nasdaq, Mary D Onofrio, Jamin Ball


GreyNoise announces $4.8M seed investment to filter harmless security alerts

Security professionals are constantly dealing with an onslaught of information as their various tools trigger alerts, some of which require their attention and some which don’t. Unfortunately, it requires addressing the alert to find that out. GreyNoise wants to help by filtering out benign security alerts, leaving security pros to deal with the ones that matter. Today, the company announced a $4.8 million seed investment led by CRV with participation from Paladin Capital Group and several in...
Tags: Security, Startups, TC, Cloud, Washington, Funding, Tech, Morris, Andrew, CRV, Paladin Capital Group, Andrew Morris, Security Alerts, GreyNoise, Security Alert Filtering, Reid Christian


Vectrix is developing cloud security marketplace built for and by security pros

In a typical security team, engineers write one-off scripts to track a particular problem on a cloud vendor such as an unauthorized user on your GitHub account, and while engineers are capable of writing such scripts, it’s not exactly an efficient or scalable way to deal with the range of security problems these pros need to track. Vectrix, a member of the Y Combinator Summer 2020 cohort started by three security veterans, wants to fix that problem. It has created a security marketplace where fe...
Tags: Security, Startups, TC, Cloud, Y Combinator, Tech, Silicon Valley, Marketplaces, Cloud Security, Coo, Cto, Jira, Matthew Lewis, Vectrix, YC Summer 2020, Alex Dunbrack


All the storage you'll ever need to back up your data for under $100

140,000 hard drives crash in America every week. 93 percent of businesses that suffer data loss for over 10 days file for bankruptcy within 12 months.Four million data records are stolen or lost every single day. Data loss is an expensive problem. The enormous amount of data that is lost due to hard drive crashes creates financial headaches as well as emotional pain. There's nothing worse than losing years of photos, videos, or music because you forgot to back up your data. But sadly, it happen...
Tags: Security, Google Drive, Cloud, Technology, Sweden, America, Data, Computers, Innovation, Ai, Tb, AES, Degoo


Even as cloud infrastructure growth slows, revenue rises over $30B for quarter

The cloud market is coming into its own during the pandemic as the novel coronavirus forced many companies to accelerate plans to move to the cloud, even while the market was beginning to mature on its own. This week, the big three cloud infrastructure vendors — Amazon, Microsoft and Google — all reported their earnings, and while the numbers showed that growth was beginning to slow down, revenue continued to increase at an impressive rate, surpassing $30 billion for a quarter for the first t...
Tags: Google, Amazon, TC, Cloud, Enterprise, Microsoft, Azure, Tech, Earnings, Aws, Google Cloud Platform, Amazon Microsoft, Canalys, Market Analysis, Synergy Research, Synergy Research Group


Cisco acquires Modcam to make Meraki smart camera portfolio even smarter

As the Internet of Things, proliferates, security cameras are getting smarter. Today, these devices have machine learning capability that help the camera automatically identify what it’s looking at — for instance an animal or a human intruder? Today, Cisco announced that it’s acquired Swedish startup Modcam and making it part of its Meraki smart camera portfolio with the goal of incorporating Modcam computer vision technology into its portfolio. The companies did not reveal the purchase price, b...
Tags: Fundings & Exits, Startups, TC, Cloud, Enterprise, Tech, Cisco, Artificial Intelligence, M&a, Mergers and Acquisitions, Iot, Machine Learing, Exit, Meraki, Cisco Meraki, Stori


Buildots raises $16M to bring computer vision to construction management

Buildots, a Tel Aviv and London-based startup that is using computer vision to modernize the construction management industry, today announced that it has raised $16 million in total funding. This includes a $3 million seed round that was previously unreported and a $13 million Series A round, both led by TLV Partners. Other investors include Innogy Ventures, Tidhar Construction Group, Ziv Aviram ( co-founder of Mobileye & OrCam) , Magma Ventures head Zvika Limon , serial entreprene...
Tags: Fundings & Exits, Startups, Cloud, Japan, Technology, London, Enterprise, Medicine, Finance, Israel, Tel Aviv, Tech, United Kingdom, Agriculture, Cyber, Poland


New Relic is changing its pricing model to encourage broader monitoring

In the monitoring world, typically when you spin up a new instance, you pay a fee to monitor it. If you are particularly active in any given month, that can result in a hefty bill at the end of the month. That leads to limiting what you choose to monitor to control costs. New Relic wants to change that, and today it announced that it’s moving to a model where customers pay by the user instead with a smaller less costly data component. The company is also simplifying its product set with the goal...
Tags: TC, Cloud, Enterprise, Tech, New Relic, Lew Cirne, Monitoring, Logging, Applications Performance Monitoring, Tracing, Cirne


SAP decision to spin out Qualtrics 20 months after spending $8B surprises industry watchers

When SAP announced it was spinning out Qualtrics on Sunday, a company it bought less than two years ago for an eye-popping $8 billion, it was enough to make your head spin. At the time, then CEO Bill McDermott saw it as a way to bridge the company’s core operational with customer data, while acquiring a cloud company that could help generate recurring revenue for the ERP giant, and maybe give it a dose of innovation along the way. But Sunday night the company announced it was spinning out the...
Tags: Fundings & Exits, TC, Cloud, Enterprise, Drama, Tech, Customer Experience, ERP, M&a, Mergers and Acquisitions, Dell, Sap, Ryan Smith, Qualtrics, McDermott, Leary


Why aren’t Rackspace and BigCommerce worth more?

This week has brought with it two tasty pieces of IPO news — Rackspace’s return to the public markets and BigCommerce’s debut will be far more interesting now that we know what a first-draft valuation for each looks like. But amidst the numbers is a question worth answering: Why aren’t cloud-focused Rackspace and e-commerce-powering BigCommerce worth more? Using a basic share count and the top end of their initial ranges, Rackspace is targeting a roughly $4.8 billion valuation, and BigC...
Tags: Amazon, Startups, TC, Cloud, Ecommerce, Microsoft, Ipo, Tech, SaaS, Bigcommerce, Rackspace, Shopify, Market Analysis, The Exchange, Azure Google, Extra Crunch


Google is building a new private subsea cable between Europe and the U.S.

Google today announced its plans to build a new subsea cable with landing points in New York in the U.S. and Bude, UK and Bilbao, Spain in Europe. The new cable, named after the pioneering computer scientist Grace Hopper, will join Google’s various other private subsea cables like Curie between the U.S. and South America, Dunant between the U.S. and France, and Equiano between Europe and Africa. The new cable is scheduled to go online in 2022 and will be built by SubCom, which Google also con...
Tags: Google, Startups, TC, Cloud, Europe, UK, New York, Technology, France, India, Africa, Israel, Spain, Companies, United States, Oceans


Why is SAP spinning Qualtrics out via an IPO?

Over the weekend, software giant SAP announced that it will take Qualtrics public, with the German software company retaining a majority stake in the Utah-based “experience management” firm after its forthcoming debut. SAP paid $8 billion in cash for Qualtrics back in 2018, right before the smaller firm was set to go public. Chatting with the CEOs of both companies around the time of the deal, they were pretty pumped about the combination. Since then, SAP has swapped CEOs. The Exchange ex...
Tags: Startups, TC, Cloud, Utah, Tech, Software, SaaS, M&a, Cnbc, Sap, Qualtrics, Market Research, Christian Klein, Bernstein Research, Market Analysis, Cloud Applications


Cloudflare launches Workers Unbound, the next evolution of its serverless platform

Cloudflare today announced the private beta launch of Workers Unbound, the latest step in its efforts to offer a serverless platform that can compete with the likes of AWS Lambda. The company first launched its Workers edge computing platform in late 2017. Today it has “hundreds of thousands of developers” who use it and in the last quarter alone, more than 20,000 developers built applications based on the service, according to the company. Cloudflare also uses Workers to power many of its own s...
Tags: Google, Python, Startups, TC, Cloud, Microsoft, Developer, Cloud Computing, Virginia, Internet Security, Computing, Portland, Firewall, Prince, Financial Services, Cloudflare


When choosing a tech stack, look before you leap

When it comes to choosing a tech stack, the decisions you make today could have a cascading impact for years. On one hand you want to be cool and modern, but on the other, you want to build with technology you know — and sometimes getting to market is more important than riding the latest technology wave. The problem is that your decisions can have consequences that result in technical debt, the concept that as you make one decision, you have to pay a debt of sorts to fix underlying structural p...
Tags: Work, Startups, TC, Cloud, Apps, Developer, Amc, Tech, Cto, Happyfuncorp, Ben Schippers, Jon Evans, Technical Debt, Extra Crunch, Early Stage 2020, Tech Stacks


iObeya raises $17M to digitize management planning processes like Agile

As we move deeper into the pandemic, companies are looking for ways to digitize processes that previously required in-person meetings with manual approaches. Investors appear to be rewarding companies who can achieve this. iObeya, a French company that helps digitize management planning processes like lean and agile, announced a $17 million Series A today. Red River West led the round with help from Atlantic Bridge Capital and Fortino Capital Partners. It has now raised a total of $20 million, a...
Tags: Startups, TC, Cloud, Enterprise, France, Funding, US, Tech, Paris, Seattle, McCracken, Agile, Digitization, Atlantic Bridge Capital, Fortino Capital Partners, COVID-19


The cybersecurity industry needs to reinvent itself

Nir Zuk Contributor Share on Twitter Nir Zuk is the co-founder and chief technical officer of Palo Alto Networks. More posts by this contributor Palo Alto Networks And Preserving Culture From 15 People to $15B Organizations are spending more money on cybersecurity and feeling less secure. Last year, 93% of cybersecurity professionals said they were moderately or extremely concerned about cloud securit...
Tags: Security, Startups, Cloud, Column, Internet Of Things, Privacy, Tech, Cryptography, Artificial Intelligence, Machine Learning, Idc, Computer Security, Market Analysis, Nir Zuk, ML, Chief Information Security Officer


Reflect wants to help you automate web testing without writing code

Reflect, a member of the Y Combinator Summer 2020 class, is building a tool to automate website and web application testing, making it faster to get your site up and running without waiting for engineers to write testing code, or for human testers to run the site through its paces. Company CEO and co-founder Fitz Nowlan says his startup’s goal is to allow companies to have the ease of use and convenience of manual testing, but the speed of execution of automated or code-based testing. “Reflect i...
Tags: Startups, Cloud, Y Combinator, Enterprise, Developer, California, Tech, Pennsylvania, Philadelphia, Reflect, Nowlan, Automated Testing, Y Combinator Summer 2020 Class, Fitz Nowlan, Todd McNeal


Microsoft introduces Customer Voice, a real-time customer feedback tool

At Microsoft Inspire today, the company made several Dynamics 365 announcements, including Dynamics 365 Customer Voice, a real-time customer feedback tool that could compete with Qualtrics, the company SAP bought in 2018 for a cool $8 billion. Microsoft General Manager Brenda Bown says that as more customers move online during the pandemic, it’s more important than ever to capture real-time customer feedback that you can combine with other data to build a more complete picture of the customer th...
Tags: TC, Cloud, Enterprise, Microsoft, Tech, Sap, Leary, Bown, Customer Surveys, Brent Leary, Dynamics 365, Customer Voice, Microsoft Inspire, COVID-19, Brenda Bown


Tracking the growth of low-code, no-code startups

Startup buzz comes in waves, with a particular thesis or focus coming into vogue at certain times. Remember the short-lived boom in chat bots? That was good fun. And there was the ICO craze, which lead every startup you’ve heard to consider the financing option for at least a weekend. We’ve also endured the early-AI bubble, the blockchain rush and a cannabis-driven wave as well. Even sub-theses can see spikes, such as the neo-banking industry, say, or robo-advising. Hell, we saw mini-crazes in i...
Tags: Startups, TC, Cloud, Developer, Tech, SaaS, PitchBook, OKR, Market Analysis, No Code, The Exchange, Low-code, Extra Crunch, Techopedia TechTarget


In the cloud era, building on platforms you don’t own is normal

When Salesforce launched Force.com in 2007, it was the culmination of years of work to bring together a way to customize Salesforce and eventually to build applications on top of the platform. By using a set of Salesforce services, companies could take advantage of work that SFDC had already done, speeding up building time and reducing time to market. Today, the successor of Force.com is called Salesforce Platform. But going that route didn’t come without some risk, because back in 2007 build...
Tags: Fundings & Exits, TC, Cloud, Enterprise, Developer, Tech, Salesforce, Platform-as-a-service, Salesforce Platform, SFDC, nCino


Puppet announces $40 million debt round from BlackRock

Puppet, the Portland, Oregon-based infrastructure automation company, announced a $40 million debt round today from BlackRock Investments. CEO Yvonne Wassenaar says the company sees this debt round as part of a longer term relationship with BlackRock . “What’s interesting, and I think part of the reason why we decided to go with BlackRock, is that typically when you look at how they invest this is the first step of a much longer term relationship that we will have with them  over time that has...
Tags: TC, Open Source, Cloud, Enterprise, Developer, Ipo, Funding, Tech, CMO, Portland Oregon, Cto, Blackrock, Crunchbase, Puppet, Kearns, Wassenaar


Zoom introduces all-in-one home communications appliance for $599

Zoom has become the de facto standard for online communications during the pandemic, but the company has found that it’s still a struggle for many employees to set up the equipment and the software to run a meeting effectively. The company’s answer is an all-in-one communications appliance with Zoom software ready to roll in a simple touch interface. The device dubbed the Zoom for Home – DTEN ME, is being produced by partner DTEN. It consists of a stand-alone 27 inch screen, essentially a lar...
Tags: TC, Cloud, Hardware, Enterprise, Tech, Service, Smith, Video Conferencing, Online Meetings, Zoom, Jeff Smith, Hardware Appliances, Zoom Rooms


Sumeru Equity Partners buys majority stake in SocialChorus with $100M investment

SocialChorus, a startup that helps distribute communications internally in a similar way marketers reach customers externally, announced a $100 million investment today led by Sumeru Equity Partners. With this investment, the firm has bought a majority stake in the company. As part of today’s deal, Sumeru will be adding three members to the SocialChorus board. “Sumeru Equity Partners is making a majority investment in the company but also well capitalizing the business for future growth,” Mar...
Tags: Cloud, Enterprise, Funding, San Francisco, Tech, Private Equity, Boeing, Communications, Crunchbase, Haller, Nakamura, Sumeru Equity Partners, Mark Haller, SocialChorus, Gary Nakamura, Sumeru Equity Partners With


Recurrency is taking on giants like SAP with a modern twist on ERP

Recurrency, a member of the Summer 2020 Y Combinator cohort, was started by a 21 year old just out of college. He decided to take on a highly established market that is led by giants like SAP, Infor, Oracle and Microsoft, but instead of taking a highly complex area of enterprise software in one big bite, he is starting by helping wholesale businesses. Sole founder and company CEO Sam Oshay just graduated from the University of Pennsylvania with a dual degree that straddled engineering and busine...
Tags: Startups, Cloud, Y Combinator, Enterprise, Microsoft, Tech, ERP, University of Pennsylvania, Sap, Netsuite, Epicor, COVID-19, Recurrency, SAP Infor Oracle, Sam Oshay, SAP Infor


New Acquia platform looks to bring together developers, marketers and data

Acquia, the commercial company built on top of the open source Drupal content management system has pushed to be more than a publishing platform in recent years, using several strategic acquisitions to move into managing customer experience, and today the company announced a new approach to developing and marketing on the Drupal Cloud. This involves bringing together developers and marketers under the umbrella of the new Acquia Open DXP platform. This approach has two main components: “Wha...
Tags: TC, Open Source, Cloud, Enterprise, Developer, Marketing, Tech, Vista, Customer Experience Management, Drupal, Cochrane, Vista Equity Partners, DXP, Marketing Cloud, Acquia, Buytaert


Google Cloud’s new BigQuery Omni will let developers query data in GCP, AWS and Azure

At its virtual Cloud Next ’20 event, Google today announced a number of updates to its cloud portfolio, but the public alpha launch of BigQuery Omni is probably the highlight of this year’s event. Powered by Google Cloud’s Anthos hybrid-cloud platform, BigQuery Omni allows developers to use the BigQuery engine to analyze data that sits in multiple clouds, including those of Google Cloud competitors like AWS and Microsoft Azure — though for now, the service only supports AWS, with Azure suppor...
Tags: Google, Cloud, Enterprise, Microsoft, Developer, Cloud Computing, Tech, Analytics, Computing, Gm, Web Services, Machine Learning, Aws, Alpha, Cloud Analytics, Amazon Web Services


SaaS and cloud stocks finally give back ground

After a heated run, SaaS and cloud stocks dipped sharply during regular trading on Monday. According to the category-tracking Bessemer cloud index, public SaaS and cloud stocks dropped around 6.5% today, a material blow to the value of some of the world’s most highly valued companies, measured by sector-averaged revenue multiples. After recovering all their COVID-19-related losses earlier this year, SaaS and cloud stocks kept on rising, reaching new all-time highs with regularity. But earnings s...
Tags: Fundings & Exits, Startups, Cloud, Tech, SaaS, Earnings, Stocks, Bessemer



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