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Cloud security startup ProtectWise raises another $25 million
ProtectWise, a security startup that records all your network traffic DVR-style, and saves it in the cloud, announced a $25 million round today. The company’s security strategy is surprisingly simple. It records all of the networking activity, then indexes the data and provides customers with forensic tools to search and review it. Once a breach has been detected, the victimized… Read More
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HPE acquires SimpliVity for $650M in cash
HPE today announced that it has acquired data management platform SimpliVity for $650 million in cash. SimpliVity is one of the many companies in this space focused on what is often called “hyperconverged infrastructure.” That sounds like somebody’s buzzword — and it definitely is — but the core idea is pretty sound: hyperconverged systems combine compute… Read More
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Zoom video conferencing service raises $100 million from Sequoia on billion-dollar valuation
Zoom, the cloud video conferencing service, announced a $100 million Series D round, entirely funded by Sequoia. The company now boasts a $1 billion valuation, putting it in the vaunted unicorn club. It also announced a significant update to the product that includes the ability for customers and third parties to build applications on top of the Zoom platform. The company, which was… Read More
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Crunch Network
The year in analytics
Well, 2016 is officially in the past. Between the election drama, the stock markets tossing and turning, celebrities moving on and Harambe, it was a doozy. Read More
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MOOC enrollment drops at HarvardX and MITx after free certifications disappear
An internal study of the massive open online courses (MOOCs) offered by Harvard and MIT shows a serious decline in the number of students choosing to enroll and certify via these internet-accessible classrooms. 2016 only saw around half the participants as the previous year — likely due to the programs’ discontinuance of free certification. Read More
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AWS moves into IT training and job placement with re:Start, a UK cloud skills program
Amazon’s cloud storage business AWS has been gradually expanding into a range of cloud services for people not to simply host their business or app with AWS, but to use the platform for productivity and their own work purposes, too. Today came the latest development on that theme: AWS launched re:Start, a new program for IT skills training, specifically in cloud computing, and job… Read More
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Google’s Cloud Platform gets a new key management service
Google is launching a new key management service for its Cloud Platform today that will help enterprises — especially in regulated industries like healthcare and banking — create, use, rotate and destroy their encryption keys in the cloud. The aptly named Google Cloud Key Management Service (Cloud KMS) is now available as a beta in select countries. Enterprises have… Read More
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Industrial drone platform Kespry brings in new CEO
Commercial drone maker Kespry, which launched in 2013, announced it was bringing in industry vet George Mathew as CEO today. Mathew, who most recently was president and COO at data analytics startup Alteryx, has also had stints as GM of Business Intelligence at SAP and director of Technical Account Management at Salesforce. It’s fair to say that Kespry was interested in his data… Read More
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All-flash storage startup Kaminario snares $75 million investment
Kaminario, the all-flash storage vendor based near Boston, announced an oversubscribed $75 million round today. The investment was led by private equity firm, Waterwood Group. Sequoia Capital, Pitango Venture Capital, Lazarus, Silicon Valley Bank and Globespan Capital Partners also participated. Today’s investment brings the total raised to $218 million, according to the company. CEO… Read More
Latest Crunch Report
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Cloud Elements scores $13 million Series B to advance API integration tools
Cloud Elements, a company that builds API integration tools aimed at developers, announced $13 million in Series B financing today. The round was led by Harbert Partners with participation from Rally Ventures, Access Ventures and Grotech Ventures. Tom Roberts, who is a general partner at Harbert, will become a member of the Cloud Elements board when the deal closes. Today’s funding brings… Read More
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FinancialForce selects former Salesforce and Heroku exec to be new CEO
FinancialForce, a cloud ERP solution built on the Salesforce platform, announced today that Tod Nielsen, an experienced executive from a Who’s Who of tech companies, will become the company’s new CEO. Nielsen replaces Jeremy Roche, who founded the company and has run it since its inception in 2009. Roche will remain on the board of directors, and have a yet-to-be-defined role… Read More
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PSA: Nope, Intel did not acquire Bitcasa
CES seems to be making some bloggers a little trigger happy with posting. Just a little while ago VentureBeat published a story claiming that Intel had acquired Bitcasa, a cloud storage company that had shut down operations last year. We’ve confirmed directly with Intel that this is not the case, however. “Intel did not acquire Bitcasa,” an Intel spokesperson tells… Read More
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After rejecting Google, Namely raises $50M to take on the biggies in HR
One of the big HR startup stories of the last year has been the trials and tribulations of Zenefits, but news coming out today from another company in the space shows that there is still a lot of opportunity in the industry with the right approach. Namely, a New York-based SaaS HR firm that focuses on mid-sized (100 to 1,000 employees) companies offering an all-in-one human resources… Read More
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Freshdesk acquires data integration startup Pipemonk
Freshdesk announced today that it has acquired Banglaore-based startup Pipemonk for an undisclosed amount. Pipemonk helps companies move data between cloud platforms, which should come in handy for Freshdesk and its partners. Pipemonk, which was born as ZapStitch, had raised just over $2 million since it launched in 2014, with its primary funding round coming in May, 2015, when it landed… Read More
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Salesforce asserted itself in 2016
Salesforce has always liked to think of itself as an industry irritant, the company that was bucking the status quo and making the established players feel uncomfortable. But this year as the cloud mainstreamed and Salesforce took off on a $10 billion run rate, you couldn’t help but feel that after 17 years in business, that Salesforce’s time had finally come. The company went on… Read More
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Google hits the reset button
This year, however, it moved it out (and outdoors) to an amphitheater in Mountain View, right next to its campus. Looking back, that move now feels symbolic. In many ways, 2016 was a year of change for Google: It was the first full year after the surprise Google/Alphabet reorg and the year that saw Google get serious about its own hardware, the cloud and the enterprise. Across the… Read More
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Xplenty raises another $4 million to help you integrate all your data
The internet has changed a lot over the last two decades, but many companies are still using legacy technologies to extract, transform and load their data into warehouses. One new entrant, Xplenty, is hoping that its fresh approach, prioritizing cloud services, will provide a solid foothold in the massive market for data integration tools. Having grown to serve over 100 customers, Xplenty… Read More
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Cloud security vendor Zscaler bats away patent infringement lawsuit
Symantec, one of the world’s largest cybersecurity companies, closed its giant acquisition of Blue Coat Systems in August, ushering in a new regime under incoming CEO Greg Clark. He hasn’t wasted much time in disparaging upstarts in the market, either, including the well-funded, venture-backed companies Cylance, Tanium and Carbon Black. Now, lawsuits may be next. To wit… Read More
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