Timesdelhi.com

December 10, 2018
Category archive

computing

Solo.io raises $11M to help enterprises adopt cloud-native technologies

in api/aws lambda/Cloud/cloud computing/computing/Delhi/Envoy/India/Kubernetes/massachusetts/microservices/Politics/Recent Funding/redpoint ventures/Series A/serverless computing/Software/Startups/TC/True Ventures by

Solo.io, a Cambridge, Mass-based startup that helps enterprises adopt cloud-native technologies, is coming out of stealth mode today and announcing both its Series A funding round and the launch of its Gloo Enterprise API gateway.

Redpoint Ventures led the $11 million Series A round, with participation from seed investor True Ventures . Like most companies at the Series A state, Solo.io plans to use the money to invest in the product development of its enterprise and open-source tools, as well as to grow its sales and marketing teams.

Solo.io offers a number of open-source tools, like the Gloo function gateway, the Sqoop GraphQL server and the SuperGloo (see a theme here?) service mesh orchestration platform. In addition, the team has also, among others, open-sourced its Kubernetes debugger, a tool for building and running unikernels.

Its first commercial offering, though, is an enterprise version of the Gloo function gateway. Built on top of the Envoy proxy, Gloo can handle the routing necessary to connect incoming API requests to microservices, serverless applications (on the likes of AWS Lambda) and traditional monolithic applications behind the proxy. Gloo handles the load balancing and other functions necessary to aggregate the incoming API requests and route them to their destinations.

“Costumers who use Gloo to connect between microservices and serverless found that invocation of [AWS] Lambda is 350ms faster than the AWS API Gateway,” Idit Levine, the founder and CEO of Solo.io, told me. “Gloo also offers them direct money saving, since AWS bills per invocation. In general, Gloo offers money saving because it allows our clients to use the less expensive technologies — like their legacy apps, and sometimes containers — whenever they can, and limit the use of more expensive stuff to whenever it’s necessary.”

The enterprise version adds features like audit controls, single sign-on and more advanced security tools to the platform.

In addition to broadening its customer base, the company plans to invest heavily into its customer success and support teams, as well as its evangelism and education efforts, Levine tells me.

“Helping enterprises easily adopt innovative technologies like microservices, serverless and service mesh is our goal at Solo.io,” Levine in today’s announcement. “Melding different technologies into one coherent environment, by supplying a suite of tools to route, debug, manage, monitor and secure applications, lets organizations focus on their software without worrying about the complexity of the underlying environment.”

News Source = techcrunch.com

Google has acquired one of India’s most popular train tracking apps

in Android/Apps/computing/Delhi/food delivery/Fundings & Exits/Google/Google Play/Google-Maps/India/Internet adoption/Politics/railyatri/smartphone/Software/spokesperson/TechCrunch/world wide web/Xiaomi/Yahoo by

Google is increasing its efforts in India after it snapped up the team behind popular transportation app ‘Where is my Train.’

The app claims 10 million registered users and, as the name suggests, it helps commuters track arrivals and departures as well as buying seats. That’s no small job given that India is estimated to operate some 14,000 trains on a daily basis across the country. The app is for Android, it works offline or with poor connectivity and supports eight languages. It is rivaled by VC-backed companies like RailYatri and iXigo.

There’s no official price for the deal, although India’s Economic Times is reporting that it is in the region of $30-$40 million. The site reported on Google’s interest back in August, when it wrote that other suitors included Chinese smartphone maker Xiaomi. A Google spokesperson confirmed the deal to TechCrunch, but declined to provide a price.

Sigmoid Labs, the company that develops the train app, was founded by four former TiVo executives in 2013. Economic Times reports that it has around 10 staff. It is unclear how much money it has raised to date.

The company told customers news of the acquisition on its website earlier today.

“We can think of no better place to help us achieve our mission, and we’re excited to join Google to help bring technology and information into more people’s hands,” its founders wrote.

Google said that the Where is my Train team would “continue to build on the current offering,” so it seems that the app won’t be shuttered, immediately at least.

The service’s significant userbase would suggest that Google might look to develop and expand its scope to perhaps touch on other areas. Ride-hailing apps, for example, have moved into adjacent spaces including entertainment, payments and food delivery to take advantage of their position as daily apps.

That’s all conjecture at this point. But it also stands to reason that Google could fold it into other apps, including Google Maps, although that certainly isn’t the plan at this point.

Screenshots of Where is my Train Android app from the Google Play Store

The deal falls under Google’s ‘Next Billion User’ division which is developing products and services to help increase internet adoption in emerging markets. To date that has focused strongly on India where Google has developed data-friendly ‘lite’ versions of popular apps like YouTube, and initiatives like public WiFi for India’s rail network that’s used by over eight million people.

That scope has also covered services, with Google looking at apps that provide information and utility to Indian consumers. Google launched an on-demand app and a mobile payment service last year, and this year it released a neighborhood Q&A service. The Where is my Train deal certainly fits that strategy and you’d imagine it’ll become a core part of Google’s consumer-facing product line in India.

The deal is also one of the most significant to date for a U.S-based tech firm in India. Facebook, Twitter, Google and even Yahoo have made acquisitions to build teams or acquire talent but Where is my Train seems significantly more strategic as a product.

News Source = techcrunch.com

Ex-Facebook exec Kirthiga Reddy becomes first female investor at SoftBank’s Vision Fund

in advisors/computing/Delhi/executive/Facebook/Getty-Images/Google/India/Kirthiga Reddy/LinkedIn/Masayoshi Son/Politics/Rajeev Misra/social media/SoftBank Group/Software/Southeast Asia/TC/United States/Vision Fund/Vodafone/world wide web by

Following speculation that SoftBank is hiring a China-based team, so the Japanese investment giant has brought on a first venture partner (and first female) for its $100 billion Vision Fund.

Kirthiga Reddy, a former executive with Facebook, has taken the role and, in doing so, she becomes the first female member of SoftBank’s Vision Fund investment team. She will be based in San Carlos, Silicon Valley.

Reddy spent eight years at Facebook, mostly as managing director for its business in India and Southeast Asia before a two-year stint in the U.S. leading global partnerships.

In her new role, she will work closely with Deep Nishar, senior managing partner at SoftBank Investment Advisors who is located in the Bay Area and was previously an exec at Google and LinkedIn . Reddy said her focus will be frontier technologies such as AI, robotics, health, bio engineering, IoT and more. In a comment to Bloomberg, she revealed that she is “actively recruiting” for the firm, especially for female investors.

Kirthiga Reddy [right] is interviewed alongside India Today Group Chief Creative Officer Kalli Purie [left] in 2012 (Photo by Qamar Sibtain/India Today Group/Getty Images)

“I look forward to contributing to their mission to positively shape the future by seeking to back the boldest, most transformative optimistic, and ideas of today. Like in other investment firms, the Venture Partner role enables quick integration of new talent from non-investing backgrounds, which is a perfect fit for me. I look forward to bringing my technical and business expertise – from both enterprise and consumer technology, in developed and emerging markets – to the Vision Fund team,” Reddy wrote in a post on LinkedIn announcing the move.

The Vision Fund has been criticized for an all-male cast of 10 deal-makers. SoftBank founder Masayoshi Son said in September that he has “no prejudice of any kind,” and first-in-command Rajeev Misra has led an effort to hire women for the team.

News Source = techcrunch.com

Qualcomm expands its PC bet with its new 7nm 8cx platform

in Bluetooth/computing/Delhi/India/Intel/Microsoft/microsoft windows/Politics/Qualcomm/smartphone/system on a chip/TC by

Qualcomm wants to become a major player in the PC/laptop market. Now that there is Windows 10 on ARM, that’s more than a pipe dream, but in its earliest iterations, those Qualcomm-based Windows 10 laptops used the Snapdragon 850 system on a chip that was specifically designed for PCs but still very much a direct descendant of its smartphone platform.

Today, the company announced its Snapdragon 8cx platform, “the most extreme Snapdragon ever,” in Qualcomm’s parlance, which still leverages some of the company’s mobile expertise and building blocks, but which was built from the ground up to power PCs.

The 8cx is very much tailored toward the PC, down to how it handles peak performance and multitasking. It’s also the first 7nm PC platform, the company claims, though the first devices won’t hit the market until Q3 of 2019.

The promise of using Qualcomm Snapdragon platform for a PC (which Qualcomm and Microsoft brands as “always connected PCs”) is that you’ll get multi-day battery life and a performance that is comparable to what you’d get with an Intel chip. The first generation of devices delivered great battery life, but performance wasn’t quite up to par. With this new release, Qualcomm promises to change that. Without saying Intel, Qualcomm argues that its 7nm chips are “multiple generations ahead of the traditional PC space.”

Despite launching the 8cx platform, Qualcomm is keeping the 850 around. It’s positioning the 8cx as a premium platform that complements the existing 850 platform in order to allow vendors to offer PCs at a wide range of different price points.

The new 8cx will feature Qualcomm’s Kryo 495 CPU and the Adreno 860 GPU, which will be able to power two 4K HDR monitors. It’ll also feature Qualcomm’s latest quick charging technology and all the usual connectivity options, ranging from Bluetooth to USB-C and LTE (for that always connected connectedness).

“With performance and battery life as our design tenets, we’re bringing7nm innovations to the PC space, allowing for smartphone-like capabilities to transform the computing experience,” said Alex Katouzian, senior vice president and general manager of mobile for Qualcomm, in today’s announcement. “As the fastest Snapdragon platform ever, the Snapdragon 8cx will allow our customers to offer a powerful computing experience of multi-day battery life and multi-gigabit connectivity, in new thin, light and fanless design for consumers and the enterprise.”

 

News Source = techcrunch.com

Contentful raises $33.5M for its headless CMS platform

in Balderton Capital/Benchmark/berlin/cloud applications/cloud computing/computing/content management/Contentful/Delhi/Developer/Enterprise/Europe/funding/Fundings & Exits/General Catalyst/hercules/India/Lyft/Nike/north america/OMERS Ventures/Politics/Recent Funding/Salesforce Ventures/salesforce.com/San Francisco/sap ventures/Sapphire Ventures/series C/Software/Spotify/Startups by

Contentful, a Berlin- and San Francisco-based startup that provides content management infrastructure for companies like Spotify, Nike, Lyft and others, today announced that it has raised a $33.5 million Series D funding round led by Sapphire Ventures, with participation from OMERS Ventures and Salesforce Ventures, as well as existing investors General Catalyst, Benchmark, Balderton Capital and Hercules. In total, the company has now raised $78.3 million.

It’s only been less than a year since the company raised its Series C round and as Contentful co-founder and CEO Sascha Konietzke told me, the company didn’t really need to raise right now. “We had just raised our last round about a year ago. We still had plenty of cash in our bank account and we didn’t need to raise as of now,” said Konietzke. “But we saw a lot of economic uncertainty, so we thought it might be a good moment in time to recharge. And at the same time, we already had some interesting conversations ongoing with Sapphire [formeraly SAP Ventures] and Salesforce. So we saw the opportunity to add more funding and also start getting into a tight relationship with both of these players.”

The original plan for Contentful was to focus almost explicitly on mobile. As it turns out, though, the company’s customers also wanted to use the service to handle its web-based applications and these days, Contentful happily supports both. “What we’re seeing is that everything is becoming an application,” he told me. “We started with native mobile application, but even the websites nowadays are often an application.”

In its early days, Contentful also focuses only on developers. Now, however, that’s changing and having these connections to large enterprise players like SAP and Salesforce surely isn’t going to hurt the company as it looks to bring on larger enterprise accounts.

Currently, the company’s focus is very much on Europe and North America, which account for about 80% of its customers. For now, Contentful plans to continue to focus on these regions, though it obviously supports customers anywhere in the world.

Contentful only exists as a hosted platform. As of now, the company doesn’t have any plans for offering a self-hosted version, though Konietzke noted that he does occasionally get requests for this.

What the company is planning to do in the near future, though, is to enable more integrations with existing enterprise tools. “Customers are asking for deeper integrations into their enterprise stack,” Konietzke said. “And that’s what we’re beginning to focus on and where we’re building a lot of capabilities around that.” In addition, support for GraphQL and an expanded rich text editing experience is coming up. The company also recently launched a new editing experience.

News Source = techcrunch.com

1 2 3 45
Go to Top