Cloud – SiliconANGLE

VMware goes all-in on the private cloud, as Broadcom unit showcases AI and counters price concerns

Mark Albertson — Wed, 28 Aug 2024 01:37:36 +0000

Over the past year, the operational word for virtualization giant VMware’s strategic approach has been “private.” From the announcement of its Private AI initiative last August to the unveiling of the latest version of VMware Cloud Foundation today as an innovation for private cloud deployment, the Broadcom Inc.-owned VMware has made it clear where it […]

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Shares of Box surge in extended trading as generative AI bets start paying off

Mike Wheatley — Tue, 27 Aug 2024 23:56:47 +0000

Shares of the cloud content company Box Inc. rose in after-hours trading today after it delivered second-quarter financial results that surpassed estimates and it raised its full-year forecast. The company reported earnings before certain costs such as stock compensation of 44 cents per share, easing past the analyst’s consensus estimate of 40 cents. Revenue for […]

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Gen AI private cloud solutions take center stage in AI security and innovation

Victoria Gayton — Tue, 27 Aug 2024 21:11:45 +0000

In an effort to transform how businesses are managing and securing artificial intelligence workloads, companies are turning to gen AI private cloud technology. By offering a dedicated environment for AI development, these private clouds provide enhanced security, control and scalability, making them an ideal choice for organizations seeking to leverage AI without compromising on privacy […]

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Planera raises $13.5M for its construction management platform

Maria Deutscher — Tue, 27 Aug 2024 13:00:06 +0000

Startup Planera Inc. today announced that it has raised $13.5 million in early-stage funding to enhance its project management platform for construction companies. Sierra Ventures led the Series A round. It was joined by Sorenson Capital, Brick and Mortar Ventures, Prudence VC and Firebolt Ventures. Before embarking on a new construction project, contractors create a […]

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VMware Cloud Foundation 9 and Tanzu 10 simplify development and deployment in private clouds

Paul Gillin — Tue, 27 Aug 2024 13:00:00 +0000

Broadcom Inc. today unveiled the latest version of VMware Cloud Foundation, calling it “the future” of the company’s private cloud platform. Broadcom said the new release simplifies private cloud deployment, consumption and operations while delivering public cloud-like scale, security, resilience and performance. The new release being announced at the VMware Explore conference in Las Vegas features […]

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Exclusive: Inside the mind of AWS CEO Matt Garman and how he aims to shape the future of cloud and AI

John Furrier — Mon, 26 Aug 2024 12:00:05 +0000

In the world of professional football, few coaching relationships are as legendary as that of Bill Parcells and his protégé, Bill Belichick. Parcells built formidable defenses, but it was Belichick who took the New England Patriots to unprecedented heights, largely thanks to an unknown player who would become a football icon: Tom Brady. This story […]

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Justice Department sues property management software provider RealPage

Maria Deutscher — Fri, 23 Aug 2024 23:12:13 +0000

The U.S. Justice Department and eight state attorneys general today filed an antitrust lawsuit against RealPage Inc., a major provider of property management software. The complaint revolves around two main arguments. First, the Justice Department charges that RealPage’s software unlawfully decreases competition among landlords and thereby drives up rent prices. The lawsuit’s other core allegation […]

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Dave Vellante’s Breaking Analysis: The complete collection

Dave Vellante — Fri, 23 Aug 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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Depot raises $4.1M to expand build acceleration platform with new capabilities

Duncan Riley — Fri, 23 Aug 2024 00:07:27 +0000

Build acceleration startup Depot Technologies Inc. revealed today that it has raised $4.1 million in new funding to enhance its offerings by adding support for other build inputs that can benefit from Depot’s acceleration technology. Founded in 2022, Depot pitches itself as the fastest way to build Docker images and GitHub Actions workflows. Using the […]

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Workday’s stock flopped, then popped on confident long-term growth forecast

Mike Wheatley — Thu, 22 Aug 2024 23:48:26 +0000

Workday Inc.’s stock soared more than 11% in extended trading today after it delivered a solid earnings and revenue beat, announced a new $1 billion stock buyback plan and provided an upbeat long-term forecast. The shares initially lost ground late today after the human resources and financial software developer posted guidance for the next quarter […]

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Zuora exceeds second-quarter projections, raises fiscal 2025 revenue forecast

Duncan Riley — Wed, 21 Aug 2024 22:54:40 +0000

Shares in Zuora Inc. surged nearly 6% in late trading today after the cloud subscriptions services company beat earnings and revenue expectations in its fiscal 2025 second quarter and forecast a stronger-than-expected outlook. For the quarter that ended on July 31, Zuora reported adjusted earnings per share of 19 cents, up from seven cents in […]

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Zoom impresses with second-quarter earnings beat and upbeat guidance

Duncan Riley — Wed, 21 Aug 2024 22:19:09 +0000

Shares in Zoom Video Communications Inc. rose nearly 3% in late trading today after the online communications company impressed with beats in its fiscal 2025 second quarter and upbeat guidance. For the quarter ended July 31, Zoom reported adjusted earnings per share of $1.39, up from $1.34 in the same quarter of the previous fiscal […]

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Persistent Systems and Google Cloud form strategic alliance to drive innovation in AI and cybersecurity

Victor Dabrinze — Wed, 21 Aug 2024 17:00:59 +0000

Partnerships are the backbone of today’s value-focused landscape, with strategic alliances combining best-of-breed technologies to unlock new value delivery areas. Persistent Systems Ltd. and Google Cloud have embraced this ethos wholeheartedly. Their partnership highlights the shift in the IT services market, where agility and deep expertise are key to delivering exceptional value to clients. “The customer […]

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What to expect at VMware Explore 2024: Join theCUBE Aug. 26-28

Mark Albertson — Wed, 21 Aug 2024 15:34:32 +0000

When the VMware community gathered in Las Vegas last year for the annual Explore event, the company’s acquisition by Broadcom Inc. had yet to be finalized. The $69 billion purchase was completed three months later, and this year’s VMware Explore 2024 conference will be closely watched for signals around how Broadcom intends to manage its […]

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Google Cloud Run speeds up on-demand AI inference with Nvidia’s L4 GPUs

Mike Wheatley — Wed, 21 Aug 2024 15:00:26 +0000

Google Cloud is giving developers an easier way to get their artificial intelligence applications up and running in the cloud, with the addition of graphics processing unit support on the Google Cloud Run serverless platform. The company said in a blog post today that it’s adding support for Nvidia’s L4 graphics processing units on Google […]

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IT infrastructure monitoring startup Grafana Labs raises $270M at $6B valuation

Mike Wheatley — Wed, 21 Aug 2024 13:00:34 +0000

Infrastructure monitoring startup Grafana Labs said today it has raised a bumper $270 million via two separate funding transactions, as it looks to solidify its status as a leader in the observability industry. Today’s round is said to have involved all of the company’s prior backers, led by Lightspeed Venture Partners, with participation from GIC, Sequoia […]

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Fintech startup Bolt reportedly raising $450M at $14B valuation

Maria Deutscher — Tue, 20 Aug 2024 22:59:44 +0000

Bolt Financial Inc., a well-funded startup that provides software for e-commerce companies, is reportedly seeking a new $450 million investment. The Information reported the fundraising effort today, citing an investor letter penned by Bolt interim Chief Executive Officer Justin Grooms. The memo also disclosed that company founder Ryan Breslow will return to the helm as […]

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Eppo raises $28M in funding for its A/B testing platform

Maria Deutscher — Tue, 20 Aug 2024 18:51:19 +0000

Eppo Inc., a startup that helps software teams test how well new features resonate with users before releasing them, has raised $28 million in Series A funding. The company detailed today that Innovation Endeavors was the lead investor in the round. Icon VC, Menlo Ventures and Amplify Partners contributed as well. Eppo’s total outside funding […]

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Rackspace expands OpenStack offerings with new enterprise-ready managed cloud solution

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

Cloud services provider Rackspace Technology Inc. today reaffirmed its commitment to the OpenStack cloud computing platform with the launch of OpenStack Enterprise, a fully managed, enterprise-ready cloud solution designed to ensure that critical workloads are secure and efficient and perform at large scale. OpenStack began in 2010 as a joint project between Rackspace and the U.S. National […]

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Assessing Broadcom-VMware eight months on

Dave Vellante and Rob Strechay — Sun, 18 Aug 2024 14:53:28 +0000

Customers and partners are pivoting to address Broadcom Inc.’s swift changes to its VMware packaging, pricing and partnership programs. Our data suggests customers and managed service providers have moved beyond the emotional shock phase to implementing their options in earnest. Our advice to large VMware customers has been to evaluate your enterprise license agreement expiration […]

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HPE GreenLake Cloud platform drives next-gen storage innovation with hybrid cloud solutions

Sead Fadilpasic — Fri, 16 Aug 2024 21:00:53 +0000

The storage industry is witnessing a significant transformation, with the HPE GreenLake Cloud platform integrating artificial intelligence, hybrid cloud and advanced data management solutions. Hewlett Packard Enterprise Co. is at the forefront of this evolution, driving innovation through its HPE GreenLake platform. These developments are transforming storage and setting new benchmarks for performance, efficiency and […]

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GaiaNet offers decentralized AI platform for model building and monetization

Mark Albertson — Thu, 15 Aug 2024 19:24:12 +0000

The surge in artificial intelligence is seeing a transformative shift with the advent of decentralized AI, spearheaded by innovative startups such as GaiaNet Inc. GaiaNet is revolutionizing AI applications through a distributed network of individually managed nodes. By leveraging Web3 blockchain technology, it decentralizes model inferencing. “Within centralized AI infrastructure there’s a lot of vendor lock-in, […]

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HPE to acquire Morpheus Data to round out hybrid cloud orchestration capabilities

Paul Gillin — Thu, 15 Aug 2024 15:30:35 +0000

Hewlett Packard Enterprise Co. today said it will acquire hybrid cloud automation vendor Morpheus Data LLC for an undisclosed amount. HPE said the acquisition’s technology will add multicloud automation and orchestration to its GreenLake hybrid cloud and complement the observability capabilities it picked up with its acquisition of OpsRamp Inc. last year. The Greenwood Village, […]

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Industry partnerships drive Supermicro’s storage approach for AI server solutions

Mark Albertson — Tue, 13 Aug 2024 19:08:07 +0000

Partnerships are playing a key role for Supermicro Computer Inc., as it develops AI server solutions that can meet the demands of graphics processing units or GPUs specifically tailored for artificial intelligence workloads. Supermicro’s contribution in this important area received a boost in June when the company introduced rack scale plug-and-play liquid-cooled AI SuperClusters for […]

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Cloud spending remains resilient amid market turbulence

Dave Vellante — Sat, 10 Aug 2024 15:17:40 +0000

The investor community is realizing that the return on invested capital for the artificial intelligence buildout is going to take some time. The payback period for enterprise AI investments is not akin to the dopamine rush from completing a great workout. This realization, combined with several other macro factors, has caused the big AI names […]

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Rackspace demonstrates impressive efficiency gains, sending its stock way higher

Mike Wheatley — Fri, 09 Aug 2024 01:25:44 +0000

Shares of Rackspace Technology Inc. hit a hot streak today, rising during the regular trading period and then accelerating after the company posted its latest financial results at market close. The results were solid, with Rackspace comfortably beating analysts forecasts on both earnings and revenue as it returned to profitability. The cloud services provider reported […]

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Shares of Dropbox inch up as Q2 financial results top expectations

Mike Wheatley — Fri, 09 Aug 2024 00:25:15 +0000

File-sharing services provider Dropbox Inc. posted a solid earnings and revenue beat as it published its second-quarter financial results today, but lukewarm sales guidance for the current quarter meant it was unable to generate much excitement on Wall Street. The company reported earnings before certain costs such as stock compensation of 60 cents per share, […]

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DigitalOcean cruises to another easy earnings beat

Mike Wheatley — Thu, 08 Aug 2024 23:53:36 +0000

Shares of the developer-oriented cloud infrastructure provider DigitalOcean Holdings Inc. made strong gains during the regular trading session today, and continued to rise after-hours after delivering some solid second-quarter financial results. The company reported earnings before certain costs such as stock compensation of 48 cents per share on $192.5 million sales in the quarter, up […]

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Datadog reports strong second quarter with earnings and revenue beats

Duncan Riley — Thu, 08 Aug 2024 23:35:02 +0000

Shares in Datadog Inc. closed regular trading up almost 6% today after the application monitoring and security platform provider impressed investors with earnings and revenue beats in its fiscal second quarter. For the quarter ended June 30, Datadog reported adjusted earnings per share of 43 cents, up from 29 cents in the same quarter of 2023, […]

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Billion-dollar revenue run rate, AI and an acquisition highlight Five9’s latest quarter despite weak forecast

Zeus Kerravala — Thu, 08 Aug 2024 21:59:35 +0000

Contact-center-as-a-service provider Five9 Inc. broke the billion-dollar revenue run rate mark today as it posted second-quarter sales of $252.1 million, up 13% from a year ago and surpassing analysts’ expectations. Even more promising as it focused on larger customers, its enterprise subscription revenue grew 21%. Its adjusted profit of 52 cents also beat estimates. Investors, […]

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