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25Aug By PriyankaNo Comments

INDIA

India needs 2 Million Cloud Engineers by 2025

India has the potential to become the world's second-largest cloud talent hub with the combined effort of government bodies, education and skilling organizations, and technology providers, IT industry body Nasscom said on Monday. Nasscom, in association with Draup, said in a report that India currently ranks third globally with an installed talent pool of 608,000 (FY2021) cloud professionals. "By 2025, India would have an estimated 1.4-1.5 million cloud professionals (baseline growth). However, with an estimated demand for over 2 million professionals by 2025, India could reach 1.7-1.8 million cloud talent pool with a fairly aggressive skilling roadmap," the report titled 'Cloud Skills: Powering India's Digital DNA' said. Tata Consultancy Services (TCS) and Accenture were strategi...

30Mar By PriyankaNo Comments

ACQUISITION

Dropbox to Acquire DocSend for $165 Million

SAN FRANCISCO, 03/30/2021-- Dropbox, Inc. (NASDAQ: DBX) to acquire DocSend, a secure document sharing, and analytics company with more than 17,000 customers for $165 Million. “Given the dramatic rise in remote work, there’s increased demand for digital tools that help people organize their content and seamlessly collaborate with each other,” said Dropbox Co-Founder and Chief Executive Officer, Drew Houston. “DocSend is a perfect complement to our product roadmap and we’re thrilled to welcome them to our team. By bringing Dropbox, HelloSign, and DocSend together, we’ll be able to offer a full suite of secure, self-serve products to help them manage critical document workflows from start to finish.” As work becomes more distributed, effective collaboration with external parties feels ...

PayPal to Acquire Digital Security Startup Curv

9Mar By AnkitaNo Comments

ACQUISITION

PayPal to Acquire Digital Security Startup Curv

SAN JOSE, Calif., March 9th, 2021-- PayPal Holdings, Inc. (NASDAQ: PYPL) has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a leading provider of cloud-based infrastructure for digital asset security based in Tel Aviv, Israel. In October 2020, PayPal announced its commitment to help shape the role that digital currencies will play in the future of financial services and commerce. To drive sustained growth and innovation in this area, the company recently created a business unit focused on blockchain, crypto, and digital currencies. Curv will join the newly formed group, with its strong team of technologists adding technical expertise to PayPal. "The acquisition of Curv is part of our effort to invest in ...

Kong Raises $100 Million from Tiger Global & others

10Feb By AdityaNo Comments

FUNDING

Kong Raises $100 Million from Tiger Global & others

SAN FRANCISCO, Feb 10, 2021-- Cloud connectivity platform Kong raises $100 million in Series D funding, led by Tiger Global Management with participation from existing investors Index Ventures, CRV, GGV Capital and Andreessen Horowitz as well as new investor Goldman Sachs. The latest round brings Kong’s total funding to $171 million, tripling its valuation to $1.4 billion since the Series C round. Kong will use the capital to scale its go-to-market operations, grow world-class Engineering and Customer Experience teams, and accelerate cloud connectivity with its new SaaS-based Kong Konnect service connectivity platform. The fundraising follows a record year for Kong, marked by a significant increase in adoption of its flagship open-source software Kong Gateway now exceeding 220 m...

Jeff Bezos will step down as CEO of Amazon

3Feb By AnkitaNo Comments

News

Jeff Bezos will step down as CEO of Amazon

New York, Feb 3, 2021: World's leading eCommerce platform Amazon.com Founder & CEO Jeff Bezos will step down later this year as CEO to become executive chairman. Acted as a CEO for 30 years Bezos will be replaced by Andy Jassy, who runs Amazon's cloud-computing business. Under the leadership of Andy Jassy Amaozn cloud-computing business powers video-streaming site Netflix and many other companies, and it has become Amazon's most profitable business. In a blog post to employees, 57-year-old Bezos said, he planned to focus on side projects, including his space exploration company Blue Origin, his philanthropic initiatives, and overseeing The Washington Post, which he owns. “Jeff is really not going anywhere," Amazon's Chief Financial Officer Brian Olsavsky said in a call with...

Fylamynt Raises $6.5 Million from Google

4Dec By AdityaNo Comments

FUNDING

Fylamynt Raises $6.5 Million from Google

MOUNTAIN VIEW, Calif., Dec. 4, 2020-- Fylamynt, a cloud automation platform raises $6.5 million in seed funding. Fylamynt allows cloud engineering teams to build, run and analyze automation workflows securely for any cloud with little to no code. The seed round is led by Gradient Ventures, Google's AI-focused fund, with additional investment from Mango Capital and Point72 Ventures. The cost of operations is still very high in Fortune 1000 enterprises with application downtime costing an estimated $1.25 to $2.5 billion per year and the average cost per hour for critical application failures is $500,000 to $1 million. Cofounders Dr. Pradeep Padala, Dr. Xiaoyun Zhu and David Le...

VPN Platform Tailscale Raises $12M Led by Accel

10Nov By PriyankaNo Comments

FUNDING

VPN Platform Tailscale Raises $12M Led by Accel

TORONTO, 10th Nov 2020-- Corporate VPN platform Tailscale raises $12 million in Series A funding from Accel, with participation from Heavybit and Uncork Capital. Tailscale is a new kind of corporate VPN that helps remote teams and organizations securely access the services they need. Leveraging zero-trust architecture from BeyondCorp at Google and the WireGuard protocol, Tailscale makes network security accessible to teams of any scale. The company launched in April with a Seed round and has since served tens of thousands of customers a month. “A large fraction of the workforce is remote for the first time, forcing teams of every size to rethink security,” said Avery Pennarun, co-founder and CEO of Tailscale. “We offer an easy and fast way to leverage secure private networks w...

How to Gain Back Control of Your Software

1Nov By AdityaNo Comments

Tech

How to Gain Back Control of Your Software

When operating a business, it’s not uncommon to have multiple sets of different software and programs to perform a large variety of functions and tasks. This software is great as it can provide you with the tools to work more productively and effectively and even automate tasks. However, with the large amount of software available to a business, it can be easy to lose control of it all. Businesses may struggle to keep all their software updated, find it hard to manage their subscriptions, or simply forget on what software key information is stored on. The larger the business, the more hectic things can become, and when it gets tough, here are a few things to do to help you gain control of your software and manage it better. Cloud Governance Cloud computing allows ...

21Oct By AdityaNo Comments

Market

Datto Raises $594 Million in its IPO

NORWALK, Conn., 21st Oct 2020-- Datto Holding Corp (NYSE: MSP) the leading global provider of cloud-based software and technology solutions purpose-built for delivery by managed service providers announced the pricing of its initial public offering of 22 million shares of its common stock at a price to the public of $27 per share. The underwriters have the option to purchase up to an additional 33 million shares of common stock from Datto at the initial public offering price, less underwriting discounts and commissions. The shares start trading today on NYSE under the ticker symbol “MSP” raised $594 million in an initial public offering. The offering is expected to close on October 23, 2020, subject to customary closing conditions. Datto will receive net proceeds of approximately...

Axis Security Raises $32 Million to Accelerate Growth

2Oct By PriyankaNo Comments

FUNDING

Axis Security Raises $32 Million to Accelerate Growth

SAN MATEO, Calif., Oct. 2, 2020-- Axis Security, the leader in Zero Trust Access raises $32 million in Series B funding led by Canaan Partners, with participation from existing investors Ten Eleven Ventures and Cyberstarts. Axis will use the funds to accelerate growth and meet market demand driven largely by COVID-19 and the work from anywhere (WFA) movement sweeping the globe. As part of the funding round, Canaan Partners' general partner Joydeep Bhattacharyya has joined Axis Security's board of directors. "Axis has quickly established itself with a differentiated, already proven approach to the decades-old problem of securing application access," said Bhattacharyya. "What has been most impressive to us is how the company has moved quickly and met the opportunity since coming out o...

Wipro Selects Google Cloud to Advance its Digital Transformation Strategy

28Jul By AdityaNo Comments

BUSINESS

Wipro Selects Google Cloud to Advance its Digital Transformation Strategy

SUNNYVALE, Calif., July 28, 2020-- Wipro Limited, a leading global IT services company announced that it has selected Google Cloud as the cloud provider for its enterprise-wide SAP footprint. The engagement will bring SAP applications and workloads to the cloud to support Wipro's 180,000-plus employees. This latest collaboration solidifies the strategic relationship between the companies as they roll out two major initiatives across Wipro's global organization. Transforming to an Intelligent Enterprise with SAP S/4HANA and Google Cloud Wipro will modernize and transform its core ERP system to SAP's flagship S/4HANA and migrate the SAP workloads onto Google Cloud Platform (GCP). Wipro will leverage the advanced intelligent ERP from SAP, along with the flexibility and scalabilit...

How to Protect Your Small Business from Cyber Threats

20Jul By AnkitaNo Comments

Tech

How to Protect Your Small Business from Cyber Threats

If you’re like many small business owners, you might think you don’t need to worry about cyber attacks. Eighty-two percent of small business owners have said that they don’t think they need to implement cybersecurity measures because they don’t think their company information is worth stealing. Think again. Small businesses are very vulnerable to cyber threats, precisely because they think they’re not worth a hacker’s time. Data breaches affecting large companies may get all the press, but big corporations like Target and even government agencies know they’re at risk, and they have the budget to to easily implement comprehensive and sweeping threat detection and prevention plans. Small businesses are easier targets because many don’t even bother with cybersecurity measures, and the info...