Daily Archives: October 25, 2020

Cloud computing has made it easier for organizations to perform business following a business continuity plan. The technology has driven numerous growth factors across industries, while lessening cost, improving flexibility and client relationships. By integrating cloud infrastructure, startups as well as large enterprises now are able to optimize costs and augment their offerings without purchasing and managing all the hardware and software. According toIDC, over 500 million digital apps and services will be developed and deployed using cloud-native approaches by 2023.

However, as more and more companies shift to the cloud, the occurrence of new issues and pain points is inevitable. In this way, businesses must ensure that they are functioning with updated technology standards and must make the right vendor choice.

Heres a look at the top cloud computing service providers that have raised venture capitals in October 2020.

Amount Raised: US$200 Million

Transaction Type: Series C

Key Investor(s): Spark Capital

MessageBird, a cloud communications company connecting organizations to their customers on billions of devices around the world, raised a mammoth amount of US$200 million in a Series C round. This funding round was led by Spark Capital, with additional backer Bonnier, Glynn Capital, LGT Lightstone, Longbow, Mousse Partners and NewView Capital as well as existing investors Accel, Atomico and Y Combinator. With this fresh round, the Amsterdam-based companys total valuation reached a whopping US$3 billion. MessageBird intends to utilize the funds to increase its global team and further expand into its core markets in Europe, Asia and Latin America.

Amount Raised: US$40 Million

Transaction Type: Series C

Key Investor(s): B Capital Group

Armory, an enterprise software company that commercializes an open-source continuous and cloud-native software delivery platform Spinnaker, bagged US$40 million in Series C funding round. The round was led by B Capital, with additional participation from new investors Lead Edge Capital and Marc Benioff and existing backers Insight Partners, Crosslink Capital, Bain Capital Ventures, Mango Capital, Y Combinator and Javelin Venture Partners. This latest financing round brought Armorys total fundraised to over US$82 million.

Amount Raised: US$33 Million

Transaction Type: Series C

Key Investor(s): Cardinal Health

Vineti is a commercial cloud-based platform that expands patient access to life-saving cells and gene therapies. As an industry-leading expert providing safety, security, seamlessness, and scalability, the company secured US$33 million in a Series C funding round. Led by Cardinal Health, the fresh capital will support Vineti to further expand its Personalized Therapy Management (PTM) platform for personalized and high-value advanced therapies. Based in the San Francisco Bay Area, the company offers a digital platform of record to integrate logistics, manufacturing, and clinical data for personalized therapies.

Amount Raised: US$20 Million

Transaction Type: Venture Funding

Key Investor(s): Intel Capital and ClearSky

The cloud cyber resilience expert, Accurics received US$20 million in seed and Series A funding round to improve the security of cloud-native applications with a self-healing approach. Intel Capital leads the Series A and ClearSky leads the seed round. Accurics delivers a powerful solution at a critical time, as cloud-native technologies fuel innovation and power todays applications. This new investment will support the companys market momentum and assist it to continue to build technology that self-heals cloud-native infrastructure by codifying security throughout the development lifecycle.

Amount Raised: US$13 Million

Transaction Type: Series B

Key Investor(s): Felicis Ventures

Yotascale is a next-generation cloud cost management platform for enterprises that rely on cloud cost visibility and optimization for business success. Recently, the company sealed US$13 million in a Series B round led by Aydin Senkut at Felicis, with participation from other capital pools, including Engineering Capital, Pelion Ventures and Crosslink Capital. With this funding, which intends to continue to expand operations and its business reach, Yotascales total valuation reached US$25 million. The companys mission is to optimize the worlds cloud computing spend by empowering engineering teams.

Amount Raised: US$7 Million

Transaction Type: Seed Round

Key Investor(s): DNX Ventures

Macrometa, a Palo Alto, Calif.-based edge computing company that enables web and cloud-native developers to build and run applications across a network, closed a US$7 million in a seed financing round. The round was led by DNX Ventures, with participation from existing investors Benhamou Global Ventures, Partech Partners, Fusion Fund, Sway Ventures, Velar Capital and Shasta Ventures. The new funds will help Macromet to expedite the product rollout and sales of Global Data Network (GDN), a cloud service that enables web and cloud developers to build and run high performance, multi-region, multi-cloud, globally distributed, stateful web, mobile, IoT apps and APIs applications.

Amount Raised: US$1.6 Million

Transaction Type: Pre-Seed Round

Key Investor(s): ISAI

Koyeb, a pioneer in smart storage solutions for the cloud-native era, raised US$1.6 million in pre-seed funding round from Jean-David Chamboredon and Juliette Mopin from ISAI. The round was also joined by Plug and Play Ventures, Kima Ventures, AceCap and a long list of business angels, such as Zachary Smith, Justin Ziegler, Alexis L-Quc, Sbastien Lucas, and others. Koyeb Storage is the industrys first Cloud Platform dedicated to data management and optimisation across multiple Cloud Service Providers. The company also supports a growing number of storage providers, including AWS, Google Cloud, Microsoft Azure, Wasabi, Backblaze B2 and others.

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Top Cloud Computing Funding and Investment in October 2020 - Analytics Insight

By Tapati Ghose, Vijai Jayaram, and Rohit Lal

Cloud computing has made rapid strides over the years and witnessed tremendous growth. While the global cloud business is estimated to grow at a CAGR of 16.5% and reach $345 Billion by 2022, the Indian cloud computing market which was $2.5 Billion in 2018, looks more optimistic and is expected to grow at a CAGR of 30%, to become $7.2 Billion by 2022. Further, 70% of the revenue of Indian SaaS players is from exports. Key attributes of cloud computing models are on-demand provisioning, reduction in duplicity, virtual environment with almost no use of hardware, very less capex, etc.

Cloud computing services can be categorised under three heads, viz., Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS).

Under PaaS model,a PaaS provider usually hosts the software and hardware on its own infrastructure to provide all the facilities that are required to support the life cycle of building and delivering web applications and services.

IaaS provides a standardised way of acquiring computing capabilities over web. Such resources include network, electronic storage, virtual servers etc. IaaS helps in the delivery of computer infrastructure as a web-based service which helps companies in cutting down investment in costly infrastructure.

In recent years, data center supply ecosystem in India has expanded exponentially. Such growth in data centers is also the result of data localisation regulations which require data of Indian customers to be stored locally/ restricts data transfer outside Indian borders. IaaS is expected to grow at a CAGR of 25% to reach $2.3-2.4 Billion business by 2022.

In this context, it is important to take a closer look at the key tax issues impacting cloud computing.

The authors are Tapati Ghose, Partner with Deloitte India, Vijai Jayaram, Director at Deloitte Haskins & Sells LLP, and Rohit Lal, Manager, Deloitte Haskins & Sells LLP.

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Tax implications of cloud computing, and everything as a service - ETCIO.com

SALT LAKE CITY--(BUSINESS WIRE)--Today, Western Governors University (WGU) announced the launch of key updates to its Bachelor of Science Cloud Computing (BSCC) degree program built in collaboration with Amazon Web Services, Inc. (AWS). The degree program is designed to prepare students with the skills they need to succeed in todays economy and meet the demands of employers seeking cloud professionals.

WGUs degree programs are online and competency-based, removing the barriers of time, allowing working learners to study and advance in their degree programs according to their schedules. Students in the BSCC degree program complete their credential on average in 18 months and prepare for industry-recognized certifications that include AWS Certifications along their path to degree.

The technology skills gap has been exacerbated by a lack of innovation in technology education, said Dr. Elke Leeds, Dean and Academic Vice President of WGUs College of Information Technology. WGU has a deep knowledge of the skills that employers are looking for, and we will continue to innovate in our degree programs and future educational offerings by ensuring that our curriculum meets the demands of learners and employers.

WGU collaborated with two AWS education programs, AWS Educate and AWS Academy, to update its BSCC degree program. Team members from AWS Educate assisted WGU program developers to embed cloud-specific learning objectives and hands-on experiences into the program with the intent to ensure alignment with the needs of cloud employers. As an AWS Academy member institution, WGU has also incorporated AWS Academy Cloud Operations into its degree, which is a course developed by AWS experts and delivered by AWS accredited educators. As part of the course, students are also required to pass the AWS Certified SysOps Associate exam.

Western Governors University is a leading innovator in higher education, and we are proud to deepen our collaboration via this new bachelor of science degree in cloud computing, said Josh Weatherly, Director of US Education Vertical Sales and Global Programs at AWS. WGUs competency-based learning model aligns with our belief in the importance of working backward from the skills employers are seeking while also providing the flexibility of remote learning anywhere in the world. We are excited for WGUs cloud computing degree help expand and diversify the cloud workforce of tomorrow.

For more information about WGU and the Bachelor of Science Cloud Computing degree program, visit http://www.wgu.edu/BSCC.

About WGU

Established in 1997 by 19 U.S. governors with a mission to expand access to high-quality, affordable higher education, online, nonprofit WGU now serves more than 127,000 students nationwide and has more than 202,000 graduates in all 50 states. Driving innovation as the nations leading competency-based university, WGU has been recognized by the White House, state leaders, employers, and students as a model that works in postsecondary education. In just 23 years, the university has become a leading influence in changing the lives of individuals and families, and preparing the workforce needed in todays rapidly evolving economy. WGU is accredited by the Northwest Commission on Colleges and Universities, has been named one of Fast Companys Most Innovative Companies, and has been featured on NPR, NBC Nightly News, CNN, and in The New York Times. Learn more at http://www.wgu.edu.

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WGU Aligns to Amazon Web Services (AWS) Framework to Bolster Workforce Relevance of Cloud Computing Degree - Business Wire

Bloomberg

(Bloomberg) -- Ant Group Co. has set the price for its initial public offering in Shanghai, paving the way for a blockbuster sale that may give the Chinese fintech giant a valuation higher than JPMorgan Chase & Co.Billionaire founder Jack Ma, speaking at a weekend conference, said Ant has determined the IPO price, though he didnt disclose the amount. Pricing details for the China shares are expected by Tuesday, with the Hong Kong price to be announced as soon as Oct. 29, people familiar with the matter have said.This was the first time such a big listing, the largest in human history, was priced outside New York City, Ma told the Bund Summit in Shanghai Saturday. We wouldnt have dared to think about it five years, or even three years ago.The stock sale by Mas finance giant is one of the most hotly anticipated IPOs in years, on course to make history by surpassing Saudi Aramcos record $29 billion share sale in 2019. Large investors have put in bids of about 68 to 69 yuan a share for the Shanghai stock, Reuters reported. That would value the China portion of the sale at as much as $17.3 billion, or close to $35 billion for the dual listing including the Hong Kong leg.Ants IPO Is Said to Lure Fidelity, T. Rowe Price, UBS AssetThe company may raise another $5 billion after it exercises the so-called greenshoe option to meet demand, people familiar with the matter have said, adding the numbers are subject to change. That would give Ant a valuation of about $320 billion, making it bigger than JPMorgan and four times larger than Goldman Sachs Group Inc.The IPO is attracting interest from some of the worlds biggest money managers, and sparking a frenzy among individual investors in China clamoring for a piece of the sale.T. Rowe Price Group Inc., UBS Asset Management and FMR LLC, the parent of Fidelity Investments, are among the money managers angling for a piece of the deal, a person familiar with the matter has said.Each of the firms is considering investments worth several billion dollars in the Hong Kong-listed shares, though theyve yet to finalize plans and theres no guarantee theyll get an allocation, the person said.Singapores sovereign wealth fund GIC Pte, Temasek Holdings Pte and Chinas $318 billion National Council for Social Security Fund are also jockeying for a slice of the IPO, people familiar with the matter said earlier this month. Mas Alibaba Group Holding Ltd. will also buy new Ant shares to maintain its ownership stake at around 32%.Leveraged LoansHong Kong stockbrokers are so confident Ant IPO will go smoothly that theyre offering to let mom-and-pop investors buy the stock with as much as 20 times leverage. That matches the highest ratio ever offered by brokerages including Bright Smart Securities & Commodities Group and UP Fintech Holding Ltd. HSBC Holdings Plc has set aside more than HK$100 billion ($13 billion) of margin loans for retail investors to subscribe to the Hong Kong IPO, Hong Kong Economic Journal reported, citing the lender.With the pricing this week, investors will have to commit to the deal just days before a U.S. presidential election that could have ramifications for both Ants overseas expansion plans and investor risk-appetite. Shares will almost certainly start trading only after the U.S. vote on Nov. 3.The company will issue no more than 1.67 billion shares in China, equivalent to 5.5% of the total outstanding before the greenshoe option, according to its prospectus on the Shanghai stock exchange. It will issue the same amount for its Hong Kong offering. The Shanghai shares will be listed under the ticker 688688, according to the prospectus.Ant has picked China International Capital Corp. and CSC Financial Co. to lead the Shanghai leg of the IPO. CICC, Citigroup Inc., JPMorgan and Morgan Stanley are heading the Hong Kong offering.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.2020 Bloomberg L.P.

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I think this cloud computing stock will thrive in the next lockdown - Yahoo Finance UK

The fact that my songs take a long time to write is no guarantee of their excellence. Leonard Cohen

Over the past decade, cloud services have evolved from being perceived as a nebulous, risky solution suited for non-critical services to a position of strategic prevalence in the vast majority of enterprises; impacting the vast majority of business functions. Cloud services have reliably addressed the false promises of inflated expectations, myopic forays into disjointed and non-critical solutions, and legitimate concerns about security, privacy, and sovereignty.

Despite the oft-heard narrative that cloud adoption is always a moving target of two to five years away, over 90 percent of North American enterprises are already leveraging cloud computing in one way or another. Enterprise cloud is no longer a choice between virtualized cloud-washed solutions from legacy providers and one-size-fits-all hyper-scale solutions, but present a wide range of viable choices for each core and non-critical business function.

Progressive technology companies and leading enterprises are responding by disposing of the traditional portfolio management and capital budgeting approach to transformation and instead adopting Zero Cost Transformation approaches based on significantly reducing or eliminating the capital investment required for wide-scale innovation. Investment by strategic technology partners in digital transformation and compensation for technology partners is often now directly linked to the tangible business value generated, measured, and reported. In 2020, over 30 percent of all transformation initiatives are based on co-investment, and close to one-third of initiatives link some or all vendor compensation to tangible business value generation.

On the eve of the Electronic Recycling Associations new digital event series, Academic, I sat down with Victorias Joshua McKenty, Co-Founder of Openstack and Piston Cloud (Acquired by Cisco) to discuss what the future beholds for a medium near and dear to both of our hearts.

Many of humanitys most impactful discoveries are not significant by virtue of what they accomplish directly, but rather by virtue of what they help others to accomplish. It took almost 25 years to go from the first transistor to the first microprocessor. Just about 28 years after that we had the invention of the World Wide Web. In the 30 years since then, 59% of the worlds population now has internet access, and we expect that to reach 90% by 2030.

I dont like cool technology. Cool generally means complicated, expensive, and hard to use just like a cool restaurant is one where its hard to get reservations, and the appetizers cost $15. Theres nothing cool about sewers or power lines, but Im a huge fan of indoor plumbing and electric lights. So, the way that cloud computing has become boring, while simultaneously making Amazon and Microsoft two of the most valuable publicly traded companies in the world, is actually a great sign. The way that the IT industry overall is chasing cool, unfortunately, is not as promising.

This is actually a really tough policy question very much akin to Affordable Housing.

Because renting has such a dramatic impact, in terms of lowering the barriers-to-entry of sleeping indoors, it becomes hard to reason about the impacts of different policies on the housing stock. Cloud computing has had the same effect as opening up the rental market while it makes it very easy for EVERYONE to participate in the sleeping indoors market, it doesnt necessarily create a path to homeownership. Put differently: while Cloud has lowered the barriers to building a new business in the digital economy, those generous landlords have a habit of becoming protectors in the worst sort of way Thats a nice looking revenue stream ya got there. It would be a shame if something was to HAPPEN to it

Ultimately, the promise of globalization was a Pandoras box: Access to an infinitely large marketplace also put each of us into direct competition with an infinitely large number of competitors. The solution, ironically enough, is the same as it has always been: build a business based on real value, delivered one customer at a time. Resist FOMO. Use technology (whether its cloud, social media, machine learning, or just email) thoughtfully, and authentically. Dont chase cool use the cloud to amplify the cool you already are.

One of the basic tenants of the free market is that competition keeps competitors honest, and it keeps prices fair. While OpenStack-powered cloud providers havent emerged as dominant public cloud players,by and large,I believe that the largercloud interoperability movement, of which OpenStack was an important part, has fundamentally succeeded. Very few technology professionals should be using IaaSprimitives these days, anyway either they should beusing an abstraction such as Terraform, a PaaS such as Cloud Foundry or Heroku, or a higher-order, domain-specific offering such as the Azure IoT Hub. (Increasingly, software vendors are packaging their products for Kubernetes, which can be run on any of the major cloud providers or in-house on something like VMwares Tanzu platform).

In political discussions around the world, the theme of UBI (Universal Basic Income) has emerged as a rallying cry for a different type of relationship between the individual and the state. Idream of a world with UBC Universal Basic Cloud where instead of trading my personal privacy for a set of basic services from Google, myBC Services Card unlocked a Microsoft Office 365 account and enough AWS GPU credits to sequence my own genome. Why doesnt mydaughtersGoogle Classroom come with a half-dozen GCP virtual machines?

The window of opportunity for transforming the public cloud landscape has passed in the same way that the x86 architecture cemented Intels role in the personal computing landscape, the unannounced-but-surely-imminent Hashicorp IPO will cement the supported by Terraform public clouds as the new Baby Bells of our era. Our role is now to ignore them and to apply the awesome power of near-infinite transistors to the problems that are closest to our hearts.

The opening chapter of Academic will be hosted by Jim Love, Chief Information Officer at IT World Canada and feature a digital roundtable with five of Montreals leading cloud computing luminaries including:

For additional information or to register for the event, please click here.

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Academic | An interview with Joshua McKenty, co-founder of OpenStack on the art of contemporary cloud computing - IT World Canada

An analysis of Cloud Computing in Education Sector Industry market has been provided in the latest report available at MarketStudyReport.com, that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

The Cloud Computing in Education Sector Industry market report covers the key growth trends overseeing the profit curve of this business space in the upcoming years. It aims to provide insights about the various restraints as well as the opportunities to aid industry partakers in decision making and sound assessment. Moreover, the report investigates the impact of the COVID-19 pandemic on the growth trajectory of the industry over the review period.

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Cloud Computing in Education Sector Industry Market Dynamics, Comprehensive Analysis, Business Growth, Revealing Key Drivers, Prospects and...

Malaysia Cloud & Datacenter Digital Summit, organized by W.Media, took place virtually on October 8, 2020.

The digital event saw the coming together of more than 200 IT (Information Technology) and DC (Datacenter) professionals, business leaders, and other technology enthusiasts who discussed the future of the cloud, datacenter, 5G, IoT (Internet of things) in South East Asia, particularly Malaysia.

Cloud and datacenter were at the center of discussion and were closely knitted in almost all panel discussions and thought leadership presentations.

Lets look at some of the key highlights of the digital event.

As mentioned in the starting of this write-up, cloud and datacenter technologies were one of the hot topics of discussion at the event.

Lets explore the reason why.

Malaysia stands at the very edge of transforming into a full-fledged cloud computing hub and many factors or driving forces are leading towards this mega shift. In the budget 2020, the Malaysian government earmarked a whopping amount of MYR 21.6 bn into the National Fiberisation and Connectivity Plan (NFCP). This move indicates the governments focus on accelerating digital transformation by promoting more cloud adoption and roll-out of 5G connectivity through Malaysia.

The event included key sessions by leading cloud and datacenter professionals who shared their views on the digital future of Malaysia and the growth drivers.

Lets look at some of the key session highlights.

In his opening presentation, Aaron Tan Dani Chairman, IASA ASIA PACIFIC, shared how a well-defined EA blueprint can help organizations successfully implement their digital transformation goals. Quoting a prediction by Gartner, By 2025, organizations will predominantly focus EA on delivering business outcomes from the perspectives of their business ecosystem he said digital transformation has become the need of the hour. According to him, 2025 is this year- 2020 only, due to the COVID-19 induced push for getting digitally transformed.

He further shared key designs of EA principles that can drive digital transformation across organizations, as well as the key challenges faced by enterprises when moving from computerization to digitalization.

Highlighting the key cloud migration challenges and risk assessment, Sina Manavi Group AIA, shared how cloud migration is not as easy as it sounds. Presence of multiple vendors, agents, servers, administration overheads, integration issues, etc. make the process a bit complex for the first-time movers. He shared a few cloud migration challenges faced by almost every organization willing to step into the cloud:

He further shared a few solutions to overcome the above challenges. According to him, setting up a cloud risk management and governance framework can simplify the cloud migration. He also emphasised the role of cloud service providers in helping organizations swiftly move towards the cloud.

In his session, Malaysia Cloud-First Strategy, IR. Wan Murdani Mohamad, shared Malaysias direction in accelerating cloud adoption from 2017 to 2021. The Malaysian government has set a target of achieving 50% cloud adoption by the year 2024. The focus in 2021 would be on the implementation of cloud-first strategy in the public sector.

To accelerate cloud adoption, Malaysia is focusing on two high impact domains Governance and People. Formation of cloud computing committees and upskilling competencies across people through cloud awareness program are key strategies to speed-up the cloud adoption across the Malaysian economy.

He further stated lack of knowledge, skills, and experience in the cloud followed by cloud data management complexities as the key challenges that can hinder cloud adoption.

In his thought leadership presentation, Sabarinathan Sampath SVP & COO, ZNet Technologies, shared his outlook on the datacenter growth in South East Asia, specifically Malaysia, and how cloud and digital infrastructure plays a key role in driving this growth.

The presence of digital infra components like 5G, automation tools, cloud computing, and APIs can make businesses agile and help them in providing great user experience and build long-lasting customer relationships.

With its proactive measures to drive cloud adoption from improvements in connectivity, energy sustainability, and business sophistication to enabling MYR 16 billion revenue opportunity for service providers with the advent of 5G, Malaysia is on a fast lane to cloud adoption.

Apart from key sessions and presentations, the event also had interviews of Wan Murdani Mohamad, MDEC, Vidit Arora, Securonix and interactive panel discussions like:

The participants were Alvin Teoh, MDEC; Peter Leong, Technology Program Director; Vidit Arora, Securonix; and Moderator: Fong Choong Fook, LGMS

The participants were Ong Chin Seong, PIKOM; Tan Tze Meng, MDEC; Mohamad Rejab bin Sulaiman, TM One; Rhys Cole, Powershield; and Moderator: James Rix, Arcadis UK

The event was sponsored by MDEC, Open Computing Singapore, HR.Exchange, Securonix, Insyghts Security, etc. DHN was one of the media partners.

Overall, it was an insightful event with a lot of takeaways for those in the cloud, datacenter, and technology domains.

If you missed the live event, you can watch the on-demand session to know more about the topics that were discussed.

If youre looking to attend more such cloud and datacenter focused events, get ready to join Thailand Cloud and Datacenter Digital Summit on 4th November 2020. Register for this upcoming cloud event through this special link.

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Malaysia on the fast lane to become Cloud Computing Hub Malaysia Cloud & Datacenter Digital Summit 2020 - Web Hosting | Cloud Computing |...