Mirantis has been around the block, starting way back as an OpenStack startup, but a few years ago the company began to embrace cloud-native development technologies like containers, microservices and Kubernetes. Today, it announced Mirantis Flow, a fully managed open source set of services designed to help companies manage a cloud-native data center environment, whether…
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When Kleiner Perkins led Stord’s $12.4 million Series A in 2019, its founders were in their early 20s and so passionate about their startup that they each dropped out of their respective schools to focus on growing the business. Fast-forward two years and Stord — an Atlanta-based company that has developed a cloud supply chain —…
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As Chinese tech companies come under regulatory scrutiny at home, concerns and pressures are escalating among investors and domestic tech companies including China’s four big cloud companies, BATH (Baidu AI, Alibaba Cloud, Tencent Cloud and Huawei Cloud), according to an analyst report. Despite a series of antitrust and internet-related regulation crackdowns, the four leading cloud…
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Connecting to all the services and microservices that a modern cloud native enterprise application requires can be a complicated task. It’s an area that startup Solo.io is trying to disrupt with the new release of its Gloo Mesh Enterprise platform. Based in Cambridge, Massachusetts, Solo has had focus since its founding on a concept known as…
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FreshBooks, a Toronto-based cloud accounting software company focused on SMBs, announced today it has secured $80.75 million in a Series E round of funding, as well as $50 million in debt financing. Existing backer Accomplice led the equity financing, which the company described as “an inside round” that propelled FreshBooks to unicorn status with a…
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ServiceMax, a company that builds software for the field-service industry, announced yesterday that it will go public via a special purpose acquisition company, or SPAC in a deal valued at $1.4 billion. The transaction comes after ServiceMax was sold to GE for $915 million in 2016, before being spun out in late 2018. The company…
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Netskope, focused on Secure Access Service Edge architecture, announced Friday a $300 million investment round on a post-money valuation of $7.5 billion. The oversubscribed insider investment was led by ICONIQ Growth, which was joined by other existing investors, including Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures and Geodesic Capital. Netskope…
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In a surprise announcement today, IBM announced that Jim Whitehurst, who came over in the Red deal, would be stepping down as company president just 14 months after taking over in that role. IBM didn’t give a lot of details as to why he was stepping away, but acknowledged his key role in helping bring…
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Abhinav Shashank Contributor Innovaccer founder and CEO Abhinav Shashank has written more than 300 articles for various international media outlets and has also been listed in Forbes’ “30 Under 30 Asia 2017: Enterprise Tech” and among the “Top 60 rising leaders in U.S. healthcare under 40” in the 2019 Becker’s Hospital Review. Mike Sutten Contributor…
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Jason VandeBoom Contributor Jason VandeBoom is founder and CEO of ActiveCampaign, a customer experience automation (CXA) company. Software as a service has been thriving as a sector for years, but it has gone into overdrive in the past year as businesses responded to the pandemic by speeding up the migration of important functions to the…
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