IBM to adopt Red Hat OpenShift Container Platform for all its software

IBM will extend its private cloud platforms (IBM Cloud Private and IBM Cloud Private for Data) and its middleware offerings to Red Hat OpenShift Container Platform as Red Hat Certified Containers. The agreement builds on IBM’s recent move to re-engineer its entire software portfolio with containers, including WebSphere, MQ Series and Db2. The companies said there is growing consensus that container technologies are the best way to move applications...

Read More

Red Hat OpenShift Kubernetes to extend across Azure and on-prem

Microsoft and Red Hat announced an expanded alliance to enable enterprises to run container-based applications across Microsoft Azure and on-premises using the Red Hat OpenShift Kubernetes platform. Red Hat OpenShift on Azure is a fully-managed service that provides the flexibility to reely move applications between on-premises environments and Azure with a consistent platform. The companies said they can enable applications to connect faster,...

Read More

Intel Capital announces 12 start-up bets in AI, Cloud, IoT and Silicon

Intel Capital announced investments totalling $72 million in a dozen start-up companies focused in AI, cloud, IoT and silicon technologies. This week the company is hosting an Intel Capital Global Summit in Palm Desert, California to bring together startup entrepreneurs, venture capitalists and tech industry executives. The 12 startups joining Intel Capital’s portfolio are: Artificial Intelligence Avaamo (Los Altos, California) is a deep learning...

Read More

Google Cloud Platform to open region in Zurich

Google Cloud Platform (GCP) is building a new region in Zürich, Switzerland. The facility is expected to be online in the first half of 2019. This will be GCP's sixth region in Europe, joining our future region in Finland, and existing regions in the Netherlands, Belgium, Germany, he United Kingdom, and another facility under development in Finland. With Switzerlan, GCP will have 20 regions in service or announced. ...

Read More

NeoPhotonics posts revenue of $68.6 million, 100G and up now at 86% of sales

NeoPhotonics reported Q1 revenue of $68.6 million, down 4% year-over-year and 11% quarter-over-quarter. The gross margin was 13.4%, compared to 20.4% in the prior quarter. There was a GAAP net loss of $18.2 million, compared to a net loss of $14.3 million in the prior quarter. Non-GAAP net loss amounted to $14.6 million, compared to a net loss of $11.7 million in the prior quarter. “Continuing our focus on 100G and above High Speed Products, which...

Read More

Twilio's cloud communications hits Q1 revenue of $129M, up 48% yoy

Twilio reported revenue of $129.1 million for the first quarter of 2018, up 48% from the first quarter of 2017 and 12% sequentially from the fourth quarter of 2017. AAP loss from operations of $24.3 million for the first quarter of 2018, compared with GAAP loss from operations of $14.8 million for the first quarter of 2017. Non-GAAP loss from operations of $4.7 million for the first quarter of 2018, compared with non-GAAP loss from operations of...

Read More

With its acquired product lines, Extreme hits revenue of $262 million

Extreme Networks reported revenue of $262.0 million for its fiscal third quarter ended March 31, 2018. GAAP gross margin for the third fiscal quarter was 54.6%, a decrease of 90 basis points year-over-year, and non-GAAP gross margin was 57.9% year-over-year, an increase of 70 basis points year-over-year.  GAAP net loss for the third fiscal quarter was $13.6 million, or $0.12 per basic share, a decrease of $8.6 million and $0.07 per basic share,...

Read More

Sckipio raises $10 million for its Gfast chipset

Sckipio Technologies raised $10 million in new funding for its Gfast chipsets. The new funding round was MegaChips. Intel Capital, Pitango Venture Partners, Genesis Partners, Gemini Israel Ventures, Amiti Ventures, Aviv Ventures, CIRTech Fund and Axess Ventures also invested in the round. This brings total funding in Sckipio Technologies to date. “We see a tremendous global opportunity for Gfast and see Sckipio as the leading player,” said Akira...

Read More

ThoughtSpot raises $145 million for its enterprise AI-driven analytics

ThoughtSpot, a start-up based in Palo Alto, California, announced $145 million in Series D funding for its work in search and AI-driven analytics for the enterprise. The round included existing investors Lightspeed Ventures, Future Fund, Khosla Ventures, and General Catalyst participated, alongside new participants Sapphire Ventures, and other global investors. Since its founding in 2012, ThoughtSpot has raised $306 million in total funding. “In...

Read More