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Cloud

GPU-accelerated cloud provider CoreWeave secures $200M led by Magnetar Capital

By Kyt Dotson May 31, 2023

CoreWeave Inc., a cloud compute provider that specializes in large-scale graphics processing unit-accelerated workloads, announced today that it has raised $200 million in additional funding from Magnetar Capital. The funding is an extension of…

Cloud

Intel, Dell and Red Hat unite to power AI and edge computing revolution

By Victor Dabrinze May 31, 2023

Partnerships are the backbone upon which innovation is sustained in the enterprise computing space. Dell Technologies Inc. has strengthened its partnership with Red Hat Inc. to co-engineer a hybrid solution that ensures the consistent…

Security

US to launch Moonlighter cybersecurity satellite this week

By David Strom May 31, 2023

If all goes well, outer space will have its first capture-the-flag hacking competition later this summer. In early June, a SpaceX Falcon rocket sent into Earth orbit the Moonlighter satellite. It’s the world’s first…

Blockchain

Crypto wallet Magic raises $52M to expand ‘wallet-as-a-service’ solution

By Kyt Dotson May 31, 2023

Magic Labs Inc., the provider of a cryptocurrency “wallet-as-a-service” enterprise solution, today announced that it has raised $52 million in a strategic funding round led by PayPal Ventures. Venture capital firms Cherubic, Synchrony, KX,…

Cloud

Google introduces multicloud connectivity with Cross-Cloud Interconnect

By Kyt Dotson May 31, 2023

Google LLC today announced an expansion to its Cloud Interconnect service that will allow enterprises to connect any public cloud with Google Cloud through a secure, high-performance network called Cross-Cloud Interconnect. As more enterprises…

AI

Analytics startup Lytics partners with Google Cloud to build new AI features

By Maria Deutscher May 31, 2023

Google LLC’s cloud unit today detailed that Lytics Inc., a venture-backed analytics startup, has used its platform to build three new artificial intelligence features for users. Portland-based Lytics provides a customer data platform, or…

Cloud

Edge computing: A supercharger for automating industrial operations

By Victor Dabrinze May 31, 2023

With very high turnaround times and slim margins for error, the tightly-run ships that are industrial operations have benefitted from transformation — especially at the edge. Industrial automation giant ABB Ltd. has seen considerable…

Cloud

Achieving resilient cloud architecture: The key to elasticity and scalability

By Brian Njuguna May 31, 2023

Complexity continues to be a burning issue in the cloud based on the urge to leverage best-of-breed technologies. For simplicity purposes, having a connective tissue or supercloud across the different cloud providers is vital,…

Cloud

Cortex Applications raises $35M to bring visibility into microservices quality

By Mike Wheatley May 31, 2023

Cortex Applications Inc., the creator of an internal developer portal that’s used by organizations to gain visibility into their software and services, said today it has raised $35 million in a new round of…

Security

Data management startup Alcion launches with $8M in funding

By Duncan Riley May 31, 2023

Data management startup Alcion Inc. today launched as it announced that it has raised $8 million in funding for its AI-driven backup-as-a-service platform. Founded by Niraj Tolia (pictured) and Vaibhav Kamra, the pair behind Kasten,…

all stories

US to launch Moonlighter cybersecurity satellite this week

Crypto wallet Magic raises $52M to expand ‘wallet-as-a-service’ solution

Analytics startup Lytics partners with Google Cloud to build new AI features

Cortex Applications raises $35M to bring visibility into microservices quality

Data management startup Alcion launches with $8M in funding

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