Cloud – SiliconANGLE

A close look at JPMorgan’s aggressive cloud migration

Paul Gillin — Sat, 27 Jul 2024 20:05:54 +0000

With 290,000 employees and operations in more than 100 countries, JPMorgan Chase & Co. is a vast and complex organization. But that hasn’t stopped the world’s largest bank from implementing an ambitious strategy to move most of its operations to the cloud. JPMorgan Chase isn’t inclined to shy away from big technology investments. The company […]

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Dave Vellante’s Breaking Analysis: The complete collection

Dave Vellante — Fri, 26 Jul 2024 10:33:12 +0000

Breaking Analysis is a weekly editorial program combining knowledge from SiliconANGLE’s theCUBE with spending data from Enterprise Technology Research. Branded as theCUBE Insights, Powered by ETR, the program is our opportunity to share independent, unfiltered editorial with SiliconANGLE, theCUBE and Wikibon communities. The program and conclusions we produce are data-driven, tapping ETR’s proprietary spending data set. Episode 221 – […]

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How Stripe and AWS are transforming payment platforms for modern businesses

Cheryl Knight — Thu, 25 Jul 2024 17:00:20 +0000

In today’s rapidly evolving payments industry, modernization has become paramount. Companies seek faster, more secure and personalized payment solutions to meet the increasing demands of consumers, small businesses and enterprises alike. This drive for modernization is transforming payments, enabling businesses to innovate and iterate continuously. The collaboration between Stripe and Amazon Web Services Inc. exemplifies this […]

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High-profile ServiceNow executive CJ Desai quits over internal hiring policy violation

Mike Wheatley — Thu, 25 Jul 2024 01:49:18 +0000

ServiceNow Inc. said today that one of its most prominent executives, CJ Desai, is leaving the company immediately after an investigation into a complaint over the sales process for a government contract revealed serious policy violations. Desai (pictured) who was both president and chief operating officer at ServiceNow, was found to have violated the company’s […]

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Higher AI bookings help IBM deliver solid earnings beat, pushing its stock higher

Mike Wheatley — Wed, 24 Jul 2024 23:44:28 +0000

Shares of IBM Corp. were riding around 3% higher in extended trading today after the company reported solid second-quarter financial results that surpassed analysts’ expectations, driven by increased artificial intelligence spending by its largest enterprise customers. The company reported earnings before certain costs such as stock compensation of $2.43 per share, comfortably ahead of analysts’ […]

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OneStream shares pop 34% on Nasdaq debut in positive sign for tech IPOs

Duncan Riley — Wed, 24 Jul 2024 22:42:52 +0000

Shares in financial service provider OneStream Inc. closed their first day trading up more than 34% after making their debut on the Nasdaq this morning, in what could be a positive sign for tech-related initial public offerings going forward. OneStream filed its paperwork to go public on July 15, with the company initially offering 24.5 million […]

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QA Wolf raises $36M in fresh funding to ease application reliability testing

Maria Deutscher — Tue, 23 Jul 2024 22:42:46 +0000

QA Wolf Inc., a startup that helps enterprises find and fix flaws in their software, has raised $36 million from investors to support its growth efforts. The Seattle-based company announced the Series B round today. Scale Venture Partners led the raise, joined by Threshold Ventures, Ventureforgood, Inspired Capital and Notation Capital. Software teams test the […]

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Alphabet beats the Street but slowing ad growth drags on stock price

Paul Gillin — Tue, 23 Jul 2024 22:34:24 +0000

Google LLC reported a slowdown in advertising sales growth in the second quarter, triggering an after-hours selloff of its shares of about 1.5%. Parent Alphabet Inc. said Google generated $64.6 billion in ad sales in the quarter, up 11.1% from $58.14 billion in the same period last year. That was slightly ahead of analysts’ expectations […]

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Legal software startups Clio and Harvey raise nine-figure funding rounds

Maria Deutscher — Tue, 23 Jul 2024 21:26:14 +0000

Clio and Harvey, two fast-growing startups that sell software for legal professionals, have raised $1 billion in combined funding to expand their market presence. Clio disclosed this morning that it has closed a $900 million Series F round at a $3 billion valuation. In conjunction, Harvey announced that it has secured $100 million from an […]

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Snowflake Data Cloud Summit unveils transformative potential for data-driven solutions

Sead Fadilpasic — Tue, 23 Jul 2024 21:23:51 +0000

The recent discussion at the Snowflake Data Cloud Summit highlighted the transformative potential of data-driven solutions, particularly for industries facing complex challenges. The pandemic disrupted traditional business models across various industries, prompting a reevaluation of how data is used to navigate new market realities and provide insights for pricing, Jayne Strickland (pictured, left), co-founder and […]

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Momentum raises $13M to enhance AI-driven customer intelligence platform

Duncan Riley — Tue, 23 Jul 2024 13:00:20 +0000

Customer intelligence platform startup Momentum Labs Inc. announced today that it has raised $13 million in new funding to accelerate product development and drive business expansion. Founded in 2020, Momentum offers a platform that taps into sales and customer calls to transform into customer intelligence using artificial intelligence and automation. The platform automatically captures customer […]

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SAP posts solid results and raises profit target for 2025

Paul Gillin — Tue, 23 Jul 2024 00:52:49 +0000

SAP SE posted second-quarter revenue and operating profit that beat analyst expectations and raised 2025 operating profit projections, sending the enterprise software maker’s stock up more than 4% after hours. Revenue rose to $9.02 billion from $8.22 billion in last year’s second quarter and beat analysts’ consensus forecast of $8.98 billion. Cloud and software revenue […]

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World reboots as CrowdStrike update cripples global systems running Microsoft Windows

John Furrier — Fri, 19 Jul 2024 18:18:09 +0000

In an incident that underscores the vulnerabilities of our technology-reliant world, a massive information technology software update failure rippled across key sectors today, affecting everything from airlines to medical facilities, news outlets and public safety systems. At the center of the disruption lies a significant malfunction with CrowdStrike Holdings Inc. and Microsoft Corp. Windows and […]

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Cloudera’s true hybrid model provides foundation for building AI use cases

Mark Albertson — Thu, 18 Jul 2024 19:14:04 +0000

With more than 25 exabytes of data under management, Cloudera Inc. has staked out its position as a central player in the delivery of enterprise artificial intelligence, automation and advanced analytics. The company’s approach is what it calls a true hybrid model, a solution that provides the foundation for building and deploying AI applications. “True hybrid … […]

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Real-time data infrastructure startup Momento raises $15M

Kyt Dotson — Thu, 18 Jul 2024 12:00:50 +0000

Momento Inc., a real-time data platform that aims to help developers serve massive-scale audiences reliably, today announced it has raised $15 million in an early-stage round led by Bain Capital Ventures to build out its infrastructure capabilities. Returning investor The General Partnership also joined the Series A round alongside additional angel investors, including former Intuit […]

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Retirement startup Human Interest valued at $1.33B in new $267M financing round

Maria Deutscher — Wed, 17 Jul 2024 22:51:09 +0000

Human Interest Inc., a startup that helps employees at small and medium-sized businesses save for retirement, has raised $267 million in fresh financing. The company announced the investment today. It detailed that the deal included debt financing as well as an equity funding round led by Baillie Gifford and Marshall Wace, one of the world’s […]

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Report: GitHub rival GitLab could be acquired by Datadog

Maria Deutscher — Wed, 17 Jul 2024 19:00:49 +0000

GitLab Inc., a developer tooling provider that competes with Microsoft Corp.’s GitHub unit, is reportedly exploring a sale. Reuters today cited sources as saying that the publicly traded company has hired investment bankers to manage the process. GitLab reportedly started looking into a sale after receiving takeover interest from several companies. Datadog Inc., a major […]

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Red Hat enhances OpenShift with better support for diverse workloads

Paul Gillin — Tue, 16 Jul 2024 13:00:28 +0000

Red Hat Inc. today introduced enhanced and new features for its OpenShift version of the Kubernetes orchestrator for software containers, with a particular focus on handling diverse workloads. Red Hat OpenShift 4.16 is intended to provide consistent management of disparate workloads ranging from transaction-intensive uses to artificial intelligence model training and inferencing. The new version […]

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IBM’s $6.4B HashiCorp acquisition faces FTC antitrust review

Maria Deutscher — Mon, 15 Jul 2024 22:30:11 +0000

The U.S. Federal Trade Commission has opened an antitrust probe into IBM Corp.’s proposed acquisition of HashiCorp Inc. for $6.4 billion. HashiCorp disclosed the development in a regulatory filing released today. According to the document, both HashiCorp and IBM received a so-called second request from the FTC on Friday. A second request is a regulatory […]

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Financial software provider OneStream files for $465.5M IPO

Maria Deutscher — Mon, 15 Jul 2024 18:53:53 +0000

OneStream Software LLC, a company that develops applications for accounting departments, today filed to list its shares on the Nasdaq stock exchange. The initial public offering will make 24.5 million shares available for investors at $17 to $19 apiece. OneStream plans to sell 18.1 million shares, while the rest is set to come from its […]

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From data centers to manufacturing: The power of Azure hybrid cloud and AI

Victor Dabrinze — Fri, 12 Jul 2024 19:45:10 +0000

Enterprise computing innovation has flourished, spanning from artificial intelligence hardware to high-performance computing and advanced analytics. Microsoft Corp. and Hewlett Packard Enterprise Co. have partnered to foster that same innovation by co-developing enterprise hybrid cloud solutions spanning data centers and manufacturing facilities alike. “When we had initiatives like the hybrid cloud, we’re really responding to […]

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Oracle offers shared Exadata-as-a-service at dramatically lower cost than for full instances

Paul Gillin — Thu, 11 Jul 2024 15:00:21 +0000

In a bid to attract more small business and department-level customers to its high-end Exadata Cloud service, Oracle Corp. today launched what it calls an “intelligent data architecture” that delivers high-speed query performance across multiple cloud instances at a cost significantly lower than that of its flagship Exadata service. Exadata Cloud is a high-powered database […]

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Alphabet calls off multibillion-dollar HubSpot acquisition

Mike Wheatley — Thu, 11 Jul 2024 01:47:48 +0000

Google LLC’s parent company Alphabet Inc. has reportedly abandoned its plans to acquire the publicly listed marketing software firm HubSpot Inc. Bloomberg today cited “people familiar with the matter” as saying that negotiations over the deal, which had been ongoing since at least April, have now been called off. HubSpot’s stock fell more than 11% today […]

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Intuit to lay off 1,800 employees, plans to rehire in new AI and customer roles

Duncan Riley — Wed, 10 Jul 2024 22:59:45 +0000

Business and financial software company Intuit Inc. today announced that it’s laying off 1,800 employees, about 10% of its workforce, as it looks to focus more on artificial intelligence — but it plans to rehire 1,800 new people in engineering, product and customer-facing roles. In a note to employees, Intuit Chief Executive Officer Sasan Goodarzi […]

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AWS announces wider release of next-generation Graviton4 custom chips for high-performance cloud workloads

Kyt Dotson — Tue, 09 Jul 2024 20:00:22 +0000

Amazon Web Services Inc. today announced that it’s rolling out the fourth generation of its most energy-efficient high-performance custom chip for cloud workloads with the Graviton4. The Graviton family of Arm-based processors is used by AWS to deliver high-performance and reduced costs in an existing broad range of cloud compute workloads in the Amazon Elastic […]

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Investor consortium acquires majority stake in Nasuni at $1.2B valuation

Maria Deutscher — Tue, 09 Jul 2024 18:54:33 +0000

An investor group led by Vista Equity Partners is buying a majority stake in Nasuni Corp., a venture-backed provider of data storage software. The company announced the deal this morning. It detailed that Vista Equity Partners will be joined by TCV and KKR in the transaction. The investment values Nasuni at $1.2 billion. “We are […]

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Realizing the future of autonomous driving: Red Hat and Deloitte weigh in

Victor Dabrinze — Tue, 09 Jul 2024 16:00:34 +0000

When Tesla Inc. began building out self-driving technology for its electric cars, the industry was thrown into a frenzy from which several talking points emerged — with excitement on one side and pessimism on the other. Since then, however, progress in that regard has been slower than expected. Red Hat Inc. aims to expedite the tech […]

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Boomi centralizes API discovery, management and governance with new control plane

Mike Wheatley — Mon, 08 Jul 2024 13:00:36 +0000

Integration platform-as-a-service provider Boomi LP is building on its vision to simplify the way enterprises manage their information technology infrastructure with the debut of its first major application programming interface product, the result of two key acquisitions earlier in the year. The company has just announced the launch of the Boomi API Control Plane, which is […]

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Fresh Microsoft layoffs reportedly hit product and project management roles

Duncan Riley — Thu, 04 Jul 2024 22:20:34 +0000

Microsoft Corp. has apparently launched a new round of layoffs a month after it was reported that the company was preparing to lay off hundreds of employees from its Azure cloud business. Geekwire reported Wednesday that the layoffs have affected multiple teams and geographies. Posts on LinkedIn from affected employees show that the layoffs have hit […]

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AWS to build $1.3B top-secret cloud for Australia’s government

Maria Deutscher — Thu, 04 Jul 2024 21:22:37 +0000

Amazon Web Services Inc. has inked a deal to build data centers in Australia for the country’s defense and intelligence agencies. Officials announced the project today at a press conference in Canberra. The initiative is expected to cost 2 billion Australian dollars, or $1.3 billion, over the next decade. AWS estimates that it will support […]

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