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Google’s bug bounty programs paid out almost $3M in 2017
Bug bounty programs are designed to sic security researchers on software and pay them to find vulnerabilities and report back to the sponsor. In return, the researchers are richly rewarded for their findings. In fact, Google’s bug bounty paid out a hefty $2.9 million in bug bounties in 2017. Read More
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Akamai has laid off 400 workers or 5 percent of global workforce
Akamai, the Cambridge Massachusetts content delivery network and network services provider, announced they had laid off 400 people in their earnings call with analysts yesterday. On the call, Akamai CEO Tom Leighton indicated that the 400 people represented 5 percent of the company’s 8000 worldwide workforce. “As part of our effort to improve operational efficiency, we reduced… Read More
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Intel’s latest chip is designed for computing at the edge
As we develop increasingly sophisticated technologies like self-driving cars and industrial internet of things sensors, it’s going to require that we move computing to the edge. Essentially this means that instead of sending data to the cloud for processing, it needs to be done right on the device itself because even a little bit of latency is too much. Intel announced a new chip… Read More
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Slack names Allen Shim as company’s first CFO
In a blog post this morning Slack CEO Stewart Butterfield announced the company is naming long-time employee Allen Shim as the company’s first CFO. “Today, I’m excited to announce another milestone: Allen Shim has been appointed Chief Financial Officer for Slack,” Butterfield wrote in the blog post. He went on to describe Shim as his right hand man, who has been with… Read More
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Microsoft will buy out existing cloud storage contracts for customers switching to OneDrive for Business
Microsoft is targeting its cloud storage rivals including Dropbox, Box, and Google today by offering to essentially buy out customers’ existing contracts if they make the switch to OneDrive for Business. The company says that customers currently paying for one of these competitive solutions, can instead opt to use OneDrive for free for the remainder of their contract’s term. The… Read More
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Alibaba Cloud growing like gangbusters, but still far behind AWS and other market leaders
Last week Chinese eCommerce giant Alibaba announced its Q3 earnings. Cloud revenue was $553 million, an impressive 104 percent year-over-year increase. That comes out to a run rate in the range of $2.2 billion, well behind Google which announced it is pulling in a billion dollars a quarter and still buried behind the market leaders all of whom reported around $4 billion+ a quarter. While… Read More
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Former Intel president launches new chip company with backing from Carlyle Group
Ampere, a new chip company run by former Intel president Renee James, came out of stealth today with a brand-new highly efficient Arm-based server chip targeted at hyperscale data centers. The company’s first chip is a custom core Armv8-A 64-bit server operating at up to 3.3 GHz with 1TB of memory at a power envelope of 125 watts. Although James was not ready to share pricing, she… Read More
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Google’s Diane Greene says billion-dollar cloud revenue already puts them in elite company
It has long been believed that the big three in the cloud consisted of AWS, Microsoft and Google, with IBM not doing too badly either. But in its earnings call with analysts today, the company revealed it’s pulling in a billion dollars a quarter in combined cloud revenue. That’s a figure that Google’s Diane Greene says already puts her company on elite footing. Read More
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Chargify’s Elastic Billing helps you build more personalized subscription pricing
By now, just about everyone recognizes the power of the subscription model. Instead of simply selling a widget and recording revenue one time, you can sell a subscription and keep collecting that revenue over time. Up until now, subscription pricing has been fairly static for most companies. You tend to provide a set of tiers that remain fixed over time, but what if you could set different… Read More
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German API integration startup CloudRail announces $672K seed investment
Just about every startup has aspirations to be a platform play. One of the main issues companies typically face on that journey is that just because they build an API doesn’t mean developers are going to adopt it. German API startup CloudRail wants to help. It not only provides a set of tools to simplify implementing your API, but also offers a marketplace and a community of developers… Read More
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Red Hat acquires CoreOS for $250 million in Kubernetes expansion
Red Hat, a company best known for its enterprise Linux products, has been making a big play for Kubernetes and containerization in recent years with its OpenShift Kubernetes product. Today the company decided to expand on that by acquiring CoreOS, a container management startup, for $250 million. Read More
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Google is launching a new digital store to sell cloud-based software
Google is launching a digital store that will offer cloud-based software to companies and other organizations. Bloomberg, which reported the news a bit earlier, notes the move is just the juggernaut’s latest effort to ensure that cloud leaders, and specifically Amazon Web Services, don’t leave the company in the dust. Read More
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SAP snags CallidusCloud for $2.4 billion
SAP, the German enterprise software giant, announced it acquired CallidusCloud last night for $2.4 billion or $36 per share. Callidus provides configure price quote (CPQ) and sales performance management tools delivered as a cloud service. The share price is a nice bump for shareholders, representing a 21 percent premium over the 30-day volume weighted average share price, according to… Read More
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BrowserStack hauls in $50 million Series A from Accel
It’s not often you see a single venture capital firm investing $50 million in a Series A round. These usually involve a much smaller number spread across a variety of investors, but Accel saw something in BrowserStack, a mobile and browser testing platform, that’s a bit too successful to warrant the usual early-round startup label. BrowserStack has built a huge market with over… Read More
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Adrian Ionel returns to CEO role at Mirantis as the company continues to expand beyond OpenStack
Mirantis co-founder Adrian Ionel left his CEO role in October 2015, at a time when the company was still solely focused on OpenStack. Now he is coming back to reprise his role as the company’s CEO at a time when Mirantis is looking beyond OpenStack and toward the still nascent cloud native ecosystem around Kubernetes for its next big business opportunity. Read More
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IBM brings Mendix’s low-code platform to its cloud
IBM today announced a partnership with low-code development platform Mendix that will bring Mendix and native integration with many of IBM’s Watson IoT and AI services to the IBM Cloud. This deal is an evolution of a previous partnership that involved what was then called IBM Bluemix (now IBM Cloud). Read More
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Snowflake lands massive $263 million investment on unicorn valuation
Snowflake, the cloud-based data warehouse service, announced an enormous investment round today, pulling in a whopping $263 million on a unicorn valuation of $1.5 billion. The round was led by a trio of big-name Silicon Valley VC firms including existing investors Iconiq Capital and Altimeter Capital and new investor Sequoia Capital. Today’s announcement comes on top of the $100… Read More
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Tigera raises $10M to help enterprises secure their cloud native applications
Tigera, a San Francisco-based startup that helps businesses connect and secure their container-based applications, today announced that it has raised an additional $10 million in a funding round led by Madrona Venture Group, with participation from New England Associates (NEA) and Wing Venture Capital. Read More
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AWS beefs up threat detection with Sqrrl acquisition
AWS has purchased Sqrrl, a Cambridge, Mass. security startup with roots in the NSA. The company helps analyze a variety of sources to track and understand security threats quickly using machine learning. The announcement appeared on the Sqrrl home page in note from company CEO Mark Terenzoni. “We’re thrilled to share that Sqrrl has been acquired by Amazon. We will be joining the… Read More
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