This is the perfect time to be a tech startup, as many angel investors and venture capitalists are looking for innovative products and ideas that would propel technological impact to new heights. Over the last year, many startups have successfully raised seed capital and funding. The latest in this list is Storj labs that raised $3 million in funding from companies such as Google Ventures, Qualcomm Ventures and Techstars.
Storj (pronounced “storage”) is a distributed cloud-service provider that has created a decentralized peer-to-peer solution. This service works by organizing users who are willing to rent out their spare hard drive space and bandwidth to customers [...]
Adobe has transformed the way we read, share and sign digital documents. The latest in this category is cloud-based digital signatures.
Now, Adobe Sign will offer cloud-based digital signatures on any device that uses the Adobe Document Cloud. This move is a major step for Adobe and a significant one for the cloud community as a whole, as there have been many challenges associated with implementing it.
Digital signatures are much different from e-signatures, and they require a detailed verification process that can be time-consuming and effort-centric. In addition, the existing digital signatures are fragmented, with most of them being proprietary.
To overcome [...]
Data#3, a business solutions provider, has released an impressive result for the first half of 2017. It reported a revenue of AU$506 million, and a net profit of AU$5.8 million. These numbers reflect a 34 percent increase when compared to the same time last year.
Revenue for the first six months that ended on December 31, 2016 included a revenue of AU$58 million from the cloud. This represents almost 11.6 percent of the total revenues of the company, and it reflects the growing contribution of cloud to its overall business.
Out of this, Data#3’s public cloud solutions accounted for AU$53.3 million, representing a 32.5 percent increase. It’s on-premise [...]
YotaScale announced another round of funding today worth $3.6 million from Engineering Capital, Pelion Ventures, and angel investors such as Jocelyn Goldfein, Timothy Chou and Robert Dykes. This is the third round of funding for Yotascale. In January 2016, it got a funding of $1.2 million from Engineering Capital and in September of the same year, it got $2.4 million from a company called NewDo Venture. In all, the company has raised a total funding of $7.2 million.YotaScale – Company Profile
YotaScale is an infrastructure performance management platform for cloud computing. Founded in 2015, this company is headquartered in Menlo Park in California. It was founded by [...]
The Intel Cloud Security Report of 2017 has brought out some interesting revelations about the cloud industry, and the likely attitudes and expectations this year. Titled Building Trust in a Cloudy Sky, this report features responses from more than 2,000 IT professionals to know about their insights into the current happenings of the cloud industry, and the possible challenges they believe would hamper its growth in the near future.
Out of these 2000 professionals, about 45.6 percent opined that the rate of cloud adoption has slowed down because of the non-availability of cloud “specialists.” In other words, the gap in cloud skills is impeding the adoption of cloud [...]
Forcepoint, the commercial cyber security division of Raytheon, has acquired Skyfence solution for $40 million in cash.
Skyfence is a cloud security arm of a company called Imperva. In fact, Imperva acquired Skyfence in 2014 for $60 million in cash, and has sold the same now to Forcepoint today.
Skyfence offers solutions and software that provide increased visibility into cloud servers and applications like Office 365 and Dropbox. This software constantly analyzes the servers and applications for content and activity, so the chances for any fraudulent or unauthorized data leak is greatly reduced. Due to this innovative feature, this product is being used by many [...]