Cloud-native application security provider Snyk has raised $75 million in Series F funding from Atlassian Ventures and Salesforce Ventures. It pushes valuation of Snyk to $8.6 billion. Total capital raised until now comes down to $850 million with over 10% of these total funds directly coming from Atlassian Ventures and Salesforce Ventures.

Together with Snyk, Atlassien Ventures and Salesforce Ventures are aiming to facilitate the global developer population – projected at 26.2 million in 2020 while expected to reach 43.2 million in 2025 – to find, fix and monitor vulnerabilities in current processes through expanding product integrations. This latest corporate development comes on the heels of the company’s announcement of $530 million in Series F investment earlier this month.

“For Atlassian and Salesforce, this investment in Snyk is more than just capital,” said Peter McKay, CEO, Snyk. “Like Snyk, these two industry leaders are fiercely committed to empowering developers to embed security into the entire application. We are humbled by their true, long-term commitment to evolving the legacy security industry through a developer-led approach.”

Snyk Secures $75M In New Funding, Pushing Valuation To $8.6 Billion

Qualcomm AI Stack is a comprehensive artificial intelligence (AI) solution for OEMs and developers, providing a wide range of intelligent devices with broad access to and interoperability with AI software.

New Unified Qualcomm AI Stack Portfolio Released

Multi-tenancy and multi-cluster Kubernetes platform KubeSlice, delivered by company Avesha from Bedford, MA, has been released as open source. Now that it is an open source project, the larger Kubernetes ecosystem is free to utilize and contribute to it.

KubeSlice from Avesha Released as Open Source
Organizations like Phillip Van Heusen (PVH), ThreatWarrior, and Tory Burch utilize KubeSlice today to manage and optimize Kubernetes workloads for use cases involving multi- and hybrid-cloud, SaaS, the edge, and 5G.

KubeSlice from Avesha Released as Open Source

KubeSlice From Avesha Released As Open Source

Red Hat, a longtime partner of Hewlett Packard Enterprise, will now be a member of the HPE GreenLake ecosystem, the companies stated at HPE Discover 2022. Together, the businesses will combine fresh service offerings with cutting-edge open source tools from Red Hat, including Red Hat OpenShift, Red Hat Enterprise Linux, and Red Hat Ansible Automation Platform, all of which are installed on the HPE GreenLake platform.

Red Hat’s enterprise open source technologies and the HPE GreenLake edge-to-cloud platform would help IT organizations meet their need for flexible technological solutions that may hasten business outcomes and support their digital transformations.

HPE GreenLake Expands Ecosystem With Open Source Firm Red Hat

Without taking into account the direct effects of the Strasbourg data center fire incident, and assuming constant exchange rates and consolidation scope, OVHcloud reported consolidated revenue of €202 million for the third quarter of FY22. It’s a 25.9 percent increase over the same period last year. The strong third quarter results would show a strong commercial momentum, with growth being driven by ARPAC development and an accelerating Enterprise segment.

“With growth of 25.9% in Q3, OVHcloud continues to demonstrate the effectiveness of its strategic plan,” said Michel Paulin, Chief Executive Officer (CEO) at OVHcloud. “This good performance reflects the Group’s ability to gain new customers, primarily in public cloud and private cloud, as well as the success of its international development. Thanks to our teams and an ever more engaged ecosystem, and despite a deteriorating macro-economic context, we look forward to the fourth quarter of our financial year with confidence and are raising our annual revenue growth target to a 16%-18% bracket.”

OVHcloud Achieves 202M Revenue in Q3, Up 25.9 percent

OVHcloud Achieves 202M Revenue In Q3, Up 25.9 Percent

According to a brand-new study released by Information Services Group (ISG), a global technology research and advisory firm, public sector organizations in the United States are moving IT operations to private or hybrid clouds as a response to significant changes in work and technology.

The COVID-19 pandemic’s increase in remote work is just one of several trends that are having an impact on how U.S. government organizations run their IT departments, according to the 2022 ISG Provider Lens Next-Gen Private/Hybrid Cloud - Data Center Services and Solutions report for the U.S. Public Sector.

U.S. Public Sector Undergoing Significant Changes and Moving to the Cloud

U.S. Public Sector Undergoing Significant Changes And Moving To The Cloud

Micron Technology is now shipping its 176-layer NAND SATA SSD designed for data center workloads. The Micron 5400 SATA SSD is one of the most advanced data center SATA SSDs available. The Micron 5400 SSD, which is based on an 11th generation SATA architecture, would support a wide range of use cases, provide performance that is noticeably superior than that of conventional hard disk drives (HDDs), and prolong the useful life of SATA platforms.

Micron Introduces 176-Layer NAND SATA SSD for Data Centers

Micron Introduces 176 - Layer NAND SATA SSD For Data Centers

In conjunction with Google Cloud, Thales has announced the formation of S3NS, a French firm that will provide public and private enterprises in France with the power of Google Cloud in a manner that is entirely consistent with France’s ‘Trusted Cloud’ designation.

Following the announcement of a cooperation in October 2021 between Thales and Google Cloud to work together to produce a Trusted Cloud solution that complies with local laws in France, the new firm, which is majority owned and controlled by Thales, is incorporated under French law.

Google Cloud and Thales are dedicated to assisting businesses and government organizations in innovating and accelerating their digital transformation. They plan to do so in ways that promote independence, compliance sovereignty, and the highest possible advantages for their users and clients.

Thales Launches French Cloud Company S3NS in Partnership with Google Cloud

Thales Launches French Cloud Company S3NS In Partnership With Google Cloud

A quantum computing testbed connecting a number of Netherlands-based data center locations has been launched by QuTech, Eurofiber, and Juniper Networks. This testbed makes it possible for collaborators to investigate secure communications based on the basic principles of quantum physics, among other applications of quantum cryptography. New partners are welcome to join the testbed and jointly investigate the potential of quantum computing technologies.

Quantum Computing Testbed Launched in The Netherlands

Quantum Computing Testbed Launched In The Netherlands

Iceotope Technologies has concluded a £30 million funding round from a group of international investors led by Singapore’s ABC Impact. Iceotope’s ecologically friendly immersion cooling technology would help the data center sector reach net-zero emissions by lowering the amount of electricity and water needed to cool servers.

A major producer of electrical connection and protection systems, nVent, and FTSE 250 investment firm SDCL Energy Efficiency Income Trust each made important investments in the worldwide syndicate. Pavilion Capital, Northern Gritstone, British Patient Capital, and current investor Edinv are additional investors in this round.

As part of a strategic alliance with Iceotope, nVent will offer new modular integrated solutions for data centers, edge facilities, and high-performance computing applications. Through its comprehensive range of data center solutions, this agreement would help accelerate the global implementation of Iceotope’s technology.

Immersion Cooling Firm Iceotope Secures £30M in Funding

Immersion Cooling Firm Iceotope Secures £30M In Funding

In a new long-term strategic partnership, investment company Stonepeak will purchase an ownership stake of about 29 percent in American Tower’s U.S. data center business on behalf of certain affiliated investment vehicles. The partnership will be realized by a $2.5 billion equity investment. This implies that the U.S. data center business has an enterprise value of about $10.5 billion (held as subsidiaries of American Tower).

American Tower, one of the largest global REITs, owns, operates and develops multitenant communications real estate. It has a portfolio of around 221,000 communications sites and a densely networked footprint of U.S. data center facilities.

Snyk Secures $75M In New Funding, Pushing Valuation To $8.6 Billion

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