Paul Gillin
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Data observability startup Acceldata lands $50M Series C funding
Acceldata Inc., developer of a data observability platform, today is announcing that it has raised $50 million in new funding, bringing its total amount raised to nearly $100 million. The Series C round comes less than two months after the vendor released its platform under an Apache open-source license in what it said was an ...
Kyndryl beats the street and raises outlook on strong hyperscale cloud bookings
Kyndryl Holdings Inc., the services business that IBM Corp. spun off in late 2021, today reported a 3% constant-currency revenue increase to $4.3 billion in its fiscal third quarter and a net loss of $106 million, or 47 cents per diluted share. That compared with a net loss of $731 million in the same period ...
AI chipmaker SiMa releases development platform and edge plug-in boards
SiMa Technologies Inc., the maker of a purpose-built machine learning system-on-a-chip, Tuesday said it has begun shipping its SiMa.ai Palette software platform for full machine learning stack development, along with two plug-in processing cards. The San Jose, California-based company said the development platform supports the deployment of any machine learning workflow at the edge without ...
Wasabi targets surveillance video with ‘bottomless’ cloud storage service
Wasabi Technologies Inc. today expanded into the physical security market with a version of its cloud storage service customized for digital video. The Boston-based firm, which closed $250 million in new funding last fall, said its “bottomless” storage option is aimed at the surveillance industry, which is struggling to manage the requirements of high-resolution cameras ...
SAP endorses Red Hat Linux as strategic cloud platform
Just one day after signing a partnership deal that will make its flagship operating system available on the Oracle Corp. cloud, Red Hat Inc. and Oracle rival SAP SE said they’re cooperating to “significantly increase” SAP’s use of and support for Red Hat Enterprise Linux. Red Hat said SAP is in the process of migrating ...
Trulioo unites business and personal identity verification in one platform
Well-funded identify verification company Trulioo Inc. today launched a unified global platform for personal and business verification. The company also introduced a no-code workflow builder and low-code integrations. Customers will now be able to use a single platform for identity information matching, document verification, utility data for proof of address, business verification, watchlist screening and ...
Partnership lands Red Hat Enterprise Linux on Oracle Cloud
Red Hat Inc. today announced a nonexclusive alliance with Oracle Corp. under which Red Hat Enterprise Linux will become a supported operating system on Oracle Cloud Infrastructure. IBM-owned Red Hat said the deal is significant in that 90% of Fortune 500 companies currently use products from at least one of the two companies. Standardizing on ...
Cybersecurity startup Sentra raises $30 million to help firms find and classify all their cloud data
Israeli cloud security startup Sentra Inc. today announced that it has completed a $30 million funding round, bringing its total capital raised to more than $53 million. The Series A financing comes just over four months after the company entered the U.S. market with technology that it says can discover all of an organization’s cloud data, classify ...
SAP to lay off 3,000 and sell Qualtrics stake as profits plunge
SAP SE said today it will lay off 3,000 people, or about 2.5% of its global workforce, following a steep fall in profits in the fourth quarter of 2022. The company expects to incur restructuring costs of between $272 million and $327 million in the first quarter of 2023 as a result but said the ...
Despite upbeat financial results, IBM plans to lay off 3,900
IBM Corp. delivered the kind of upbeat earnings report and forecast that’s been rare in the beleaguered technology industry of late but also said it will lay off 1.5% of its workforce, or about 3,900 employees, amid the gathering clouds of a likely global recession. Revenues of $16.69 billion fell slightly from $16.70 billion a ...