Paul Gillin
Latest from Paul Gillin
HPE beats forecasts but fails to return to growth as data center business drags
Hewlett Packard Enterprise Co. shares climbed 3% in after-hours trading today before falling back after the company reported fiscal first-quarter results that topped Wall Street expectations. The results provided the best evidence yet that its turnaround, fueled by edge computing, software-defined infrastructure and as-a-service delivery, is paying dividends. Not that the business is growing yet. Revenue fell ...
Kaskada data science automation platform aims to speed machine learning models into production
More than a year after announcing plans to automate the feature engineering phase of artificial intelligence projects, Seattle-based startup Kaskada Inc. is bringing its first product to market. Kaskada says it aims to democratize feature engineering, an often laborious process that requires data scientists to select, clean and validate the data to be fed into ...
VMware stays course through executive transition with rock-solid financial results
Losing its dynamic chief executive to the top job at Intel Corp. hasn’t slowed VMware Inc.’s momentum, at least not yet. As it does nearly every quarter, the virtualization giant posted fourth-fiscal quarter results that exceeded Wall Street expectations on strong growth in its subscription and software-as-a-service revenues. It’s a sign that it continues a ...
Nutanix posts strong sales growth driven by new products and subscriptions
Nutanix Inc. reported strong sales growth in its fiscal second quarter, sending its stock up nearly 3% in after-hours trading and continuing a string of robust earnings reports following the hammering it took on weak guidance a year ago. Total quarterly revenue $346.4 million at the data center software and services company was flat compared ...
Newcomer Katana Graph raises $28.5M as graph database fever intensifies
Katana Graph Inc., developer of a platform that analyzes large unstructured data sets using high-performance graph algorithms, announced today that it has raised $28.5 million in a new round of funding. The Series A financing, led by Intel Capital, will go toward challenging some well-heeled competitors in the hot graph database market. Katana’s engine, which ...
Cloud misconfiguration still a big security problem, report finds
New research by infrastructure-as-code provider Accurics Inc. has found that poorly configured and managed cloud services – mostly resulting from the use of default security profiles or overly permissive configurations – continue to threaten the security of cloud development projects. The research indicates that the misconfiguration issues that created headlines two years ago following numerous ...
Low-code platform maker OutSystems reels in $150M for a nearly $10B valuation
OutSystems Inc., the maker of a low-code software development platform, said today it has raised a $150 million late-stage funding round from an assortment of investors, giving it a total valuation of $9.5 billion and more than $570 million in total financing. The Series E funding and the heady valuation testify to the surging interest ...
Databricks cozies up to Google Cloud with BigQuery integration and first-ever container support
Data analytics unicorn Databricks Inc. and Google LLC’s cloud today unit announced a partnership that will integrate Databricks’ distributed query platform with Google’s BigQuery data warehouse. The partnership will leverage the Google Kubernetes Engine to enable Databricks to work in a containerized cloud environment for the first time. Databricks users will be able to create a ...
TigerGraph lands $105M as cloud analytics feeding frenzy continues
Providing further evidence of businesses’ growing interest in the unique strengths of graph database technology, TigerGraph Inc. today announced it has raised $105 million in new funding, calling the event the largest single funding round ever in its market. With this Series C funding, TigerGraph has now raised nearly $170 million, putting it just a ...
Spurred by COVID, low-code market enters hypergrowth, says Gartner
The worldwide market for low-code development tools will grow nearly 23% this year, to $13.8 billion, driven in part by a surge in do-it-yourself projects initiated in response to the COVID-19 pandemic. That’s according to Gartner Inc. research released today, which also says a similar growth rate will propel the market to nearly $17 billion ...