Logz.io lands $52M to keep growing open source-based logging tools

Posted by on 29 May, 2019

This post was originally published on this site

Logz.io announced a $52 million Series D investment today. The round was led by General Catalyst.

Other investors participating in the round included OpenView Ventures, 83North, Giza Venture Capital, Vintage Investment Partners, Greenspring Associates and Next47. Today’s investment brings the total raised to nearly $100 million, according to Crunchbase data.

Logz.io is a company built on top of the open source tools Elasticsearch, Logstash, and Kibana (collectively known by the acronym ELK) and Grafana. It’s taking those tools in a typical open source business approach, packaging them up and offering them as a service. This approach enables large organizations to take advantage of these tools without having to deal with the raw open source projects.

The company’s solutions intelligently scan logs looking for anomalies. When it finds them, it surfaces the problem and informs IT or security, depending on the scenario, using a tool like PagerDuty. This area of the market has been dominated in recent years by vendors like Splunk and Sumo Logic, but company founder and CEO Tomer Levy saw a chance to disrupt that space by packaging a set of open source logging tools that were rapidly increasing in popularity. They believed could build on that growing popularity, while solving a pain point the founders had actually experienced in previous positions, which is always a good starting point for a startup idea.

Screenshot: Logz.io

“We saw that the majority of the market is actually using open source. So we said, we want to solve this problem, a problem we have faced in the past and didn’t have a solution. What we’re going to do is we’re going to provide you with an easy-to-use cloud service that is offering an open source compatible solution,” Levy explained. In other words, they wanted to build on that open source idea, but offer it in a form that was easier to consume.

Larry Bohn, who is leading the investment for General Catalyst, says that his firm liked the idea of a company building on top of open source because it provides a built-in community of developers to drive the startup’s growth — and it appears to be working. “The numbers here were staggering in terms of how quickly people were adopting this and how quickly it was growing. It was very clear to us that the company was enjoying great success without much of a commercial orientation,” Bohn explained.

In fact, Logz.io already has 700 customers including large names like Schneider Electric, The Economist and British Airways. The company has 175 employees today, but Levy says they expect to grow that 250 by the end of this year, as they use this money to accelerate their overall growth.

Posted Under: Tech News
Equalum grabs $18M Series B to help companies ingest data faster

Posted by on 29 May, 2019

This post was originally published on this site

Equalum, an Israeli startup, which helps companies gather data from a variety of enterprise sources, announced an $18 million Series B investment today.

The round was led by Planven Investments . Other participants included United Ventures and prior investors Innovation Endeavors and GE Ventures along with a group of unnamed individuals. Today’s haul brings the total raised to $25 million, according to data provided by the company.

Equalum CEO and founder Nir Livneh says his company essentially acts as the data pipes to feed artificial intelligence, machine and more traditional business intelligence requirements. “Equalum is a real-time data ingestion platform. The idea of the platform is to be able to [gather] data coming from a bunch of enterprise system sources and be able to centralize that data and send it in real-time into analytic environments and feed those analytic environments,” Livneh explained.

He sees the money from this round as a way to continue to expand the original vision he had for the company. His approach in many ways is a classic Series B play. “I think the original thesis was validated. We have proven that we can go into Fortune 100 companies and get our solution adopted quickly,” he said. The next step is to expand beyond the original set of several dozen large customers and accelerate growth.

The company was founded in 2015 in Tel Aviv in Israel. It still maintains its R&D arm there today with sales, marketing and management in Silicon Valley. Interestingly, its first customer was GE, which was also an early investor via GE Ventures.

Livneh says that he sees lots of room to grow in this market, which he says is still dominated by legacy vendors. He believes he can swoop in and replace aging offerings by offering a more modern and streamlined approach to data collection. Time will tell if he is right.

Posted Under: Tech News
FireEye snags security effectiveness testing startup Verodin for $250M

Posted by on 28 May, 2019

This post was originally published on this site

When FireEye reported its earnings last month, the outlook was a little light, so the security vendor decided to be proactive and make a big purchase. Today, the company announced it has acquired Verodin for $250 million. The deal closed today.

The startup had raised over $33 million since it opened its doors 5 years ago, according to Crunchbase data, and would appear to have given investors a decent return. With Verodin, FireEye gets a security validation vendor, that is, a company that can run a review against the existing security setup and find gaps in coverage.

That would seem to be a handy kind of tool to have in your security arsenal, and could possibly explain the price tag. Perhaps, it could also help set FireEye apart from the broader market, or fill in a gap in its own platform.

FireEye CEO Kevin Mandia certainly sees the potential of his latest purchase. “Verodin gives us the ability to automate security effectiveness testing using the sophisticated attacks we spend hundreds of thousands of hours responding to, and provides a systematic, quantifiable, and continuous approach to security program validation,” he said in a statement.

Chris Key, Verodin co-founder and chief executive officer, sees the purchase through the standard acquisition lens. “By joining FireEye, Verodin extends its ability to help customers take a proactive approach to understanding and mitigating the unique risks, inefficiencies and vulnerabilities in their environments,” he said in a statement. In other words, as part of a bigger company, we’ll do more faster.

While FireEye plans to incorporate Verodin into its on-prem and managed services, it will continue to sell the solution as a stand-alone product, as well.

Posted Under: Tech News
The challenges of truly embracing cloud native

Posted by on 28 May, 2019

This post was originally published on this site

There is a tendency at any conference to get lost in the message. Spending several days immersed in any subject tends to do that. The purpose of such gatherings is, after all, to sell the company or technologies being featured.

Against the beautiful backdrop of the city of Barcelona last week, we got the full cloud native message at KubeCon and CloudNativeCon. The Cloud Native Computing Foundation (CNCF), which houses Kubernetes and related cloud native projects, had certainly honed the message along with the community who came to celebrate its five-year anniversary. The large crowds that wandered the long hallways of the Fira Gran Via conference center proved it was getting through, at least to a specific group.

Cloud native computing involves a combination of software containerization along with Kubernetes and a growing set of adjacent technologies to manage and understand those containers. It also involves the idea of breaking down applications into discrete parts known as microservices, which in turn leads to a continuous delivery model, where developers can create and deliver software more quickly and efficiently. At the center of all this is the notion of writing code once and being able to deliver it on any public cloud, or even on-prem. These approaches were front and center last week.

At five years old, many developers have embraced these concepts, but cloud native projects have reached a size and scale where they need to move beyond the early adopters and true believers and make their way deep into the enterprise. It turns out that it might be a bit harder for larger companies with hardened systems to make wholesale changes in the way they develop applications, just as it is difficult for large organizations to take on any type of substantive change.

Putting up stop signs

Posted Under: Tech News
IBM-Maersk blockchain shipping consortium expands to include other major shipping companies

Posted by on 28 May, 2019

This post was originally published on this site

Last year IBM and Danish shipping conglomerate Maersk announced the limited availability of a blockchain-based shipping tool called TradeLens. Today, the two partners announced that a couple of other major shippers have come on board.

The partners announced that CMA CGM and MSC Mediterranean Shipping Company have joined TradeLens. When you include these companies together with Maersk, the TradeLens consortium now encompasses almost half of the world’s cargo container shipments, according to data supplied by IBM .

That’s important because shipping has traditionally been a paper-intensive and largely manual process. It’s still challenging to track where a container might be in the world and which government agency might be holding it up. When it comes to auditing, it can take weeks of intensive effort to gather the paperwork generated throughout a journey from factory or field to market. Suffice to say, cargo touches a lot of hands along the way.

It’s been clear for years that shipping could benefit from digitization, but to this point previous attempts like EDI have not been terribly successful. The hope is that by using blockchain to solve the problem, all the participants can easily follow the flow of shipments along the chain and trust that the immutable record has not been altered at any point.

As Marie Wieck, general manager for IBM Blockchain told TechCrunch at the time of last year’s announcement, the blockchain brings some key benefits to the shipping workflow.

“The blockchain provides a couple of obvious advantages over previous methods. For starters, [Wieck said] it’s safer because data is distributed, making it much more secure with digital encryption built in. The greatest advantage though is the visibility it provides. Every participant can check any aspect of the flow in real time, or an auditor or other authority can easily track the entire process from start to finish by clicking on a block in the blockchain instead of requesting data from each entity manually.”

The TradeLens partners certainly see the benefits of digitizing the process. “We believe that TradeLens, with its commitment to open standards and open governance, is a key platform to help usher in this digital transformation,” Rajesh Krishnamurthy, executive vice president for IT & Transformations at CMA CGM Group said in a statement.

Today’s announcement is a big step toward gaining more adoption for this approach. While there are many companies working on supply chain products on the blockchain, the more shipping companies and adjacent entities like customs agencies who join TradeLens, the more effective it’s going to be.

Posted Under: Tech News
AMD unveils the 12-core Ryzen 9 3900X, at half the price of Intel’s competing Core i9 9920X chipset

Posted by on 27 May, 2019

This post was originally published on this site

AMD CEO Lisa Su gave the Computex keynote in Taipei today, the first time the company has been invited to do so (the event officially starts tomorrow). During the presentation, AMD unveiled news about its chips and graphics processors that will increase pressure on competitors Intel and Nvidia, both in terms of pricing and performance.

Chips

All new third-generation Ryzen CPUs, the first with 7-nanometer desktop chips, will go on sale on July 7. The showstopper of Su’s keynote was the announcement of AMD’s 12-core, 24-thread Ryzen 9 3900x chip, the flagship of its third-generation Ryzen family. It will retail starting at $499, half the price of Intel’s competing Core i9 9920X chipset, which is priced at $1,189 and up.

The 3900x has 4.6 Ghz boost speed and 70 MB of total cache and uses 105 watts of thermal design power (versus the i9 9920x’s 165 watts), making it more efficient. AMD says that in a Blender demo against Intel i9-9920x, the 3900x finished about 18 percent more quickly.

Starting prices for other chips in the family are $199 for the 6-core, 12-thread 3600; $329 for the 8-core, 16-thread Ryzen 3700x (with 4.4 Ghz boost, 36 MB of total cache and a 65 watt TDP); and $399 for the 8-core, 16-thread Ryzen 3800X (4.5 Ghz, 32MB cache, 105w).

GPUs

AMD also revealed that its first Navi graphics processor units will be the Radeon RX 5000 series. Pricing is being closely watched because it may pressure Nvidia to bring down prices on competing products. AMD announced that the GPUs will be available in July, but more details, including pricing, performance and new features, won’t be announced until E3 next month in Los Angeles.

Data processors

AMD announced that its EPYC Rome data center processors, first demoed at CES in January, will launch next quarter, one quarter earlier than previously anticipated, to compete with Intel’s Cascade Lake. AMD says that during a benchmark test, EPYC Rome performed twice as fast as Cascade Lake.

Posted Under: Tech News
Takeaways from KubeCon; the latest on Kubernetes and cloud native development

Posted by on 23 May, 2019

This post was originally published on this site

Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Frederic Lardinois and Ron Miller discuss major announcements that came out of the Linux Foundation’s European KubeCon/CloudNativeCon conference and discuss the future of Kubernetes and cloud-native technologies.

Nearly doubling in size year-over-year, this year’s KubeCon conference brought big news and big players, with major announcements coming from some of the world’s largest software vendors including Google, AWS, Microsoft, Red Hat, and more. Frederic and Ron discuss how the Kubernetes project grew to such significant scale and which new initiatives in cloud-native development show the most promise from both a developer and enterprise perspective.

“This ecosystem starts sprawling, and we’ve got everything from security companies to service mesh companies to storage companies. Everybody is here. The whole hall is full of them. Sometimes it’s hard to distinguish between them because there are so many competing start-ups at this point.

I’m pretty sure we’re going to see a consolidation in the next six months or so where some of the bigger players, maybe Oracle, maybe VMware, will start buying some of these smaller companies. And I’m sure the show floor will look quite different about a year from now. All the big guys are here because they’re all trying to figure out what’s next.”

Frederic and Ron also dive deeper into the startup ecosystem rapidly developing around Kubernetes and other cloud-native technologies and offer their take on what areas of opportunity may prove to be most promising for new startups and founders down the road.

For access to the full transcription and the call audio, and for the opportunity to participate in future conference calls, become a member of Extra Crunch. Learn more and try it for free. 

Posted Under: Tech News
Andreessen pours $22M into PlanetScale’s database-as-a-service

Posted by on 23 May, 2019

This post was originally published on this site

PlanetScale’s founders invented the technology called Vitess that scaled YouTube and Dropbox. Now they’re selling it to any enterprise that wants their data both secure and consistently accessible. And thanks to its ability to re-shard databases while they’re operating, it can solve businesses’ troubles with GDPR, which demands they store some data in the same locality as the user it belongs to.

The potential to be a computing backbone that both competes with and complements Amazon’s AWS has now attracted a mammoth $22 million Series A for PlanetScale. Led by Andreessen Horowitz and joined by the firm’s Cultural Leadership Fund, head of the US Digital Service Matt Cutts plus existing investor SignalFire, the round is a tall step up from the startup’s $3 million seed it raised a year ago. Andreessen general partner Peter Levine will join the PlanetScale board, bringing his enterprise launch expertise.

PlanetScale co-founders (from left): Jiten Vaidya and Sugu Sougoumarane

“What we’re discovering is that people we thought were at one point competitors, like AWS and hosted relational databases — we’re discovering they may be our partners instead since we’re seeing a reasonable demand for our services in front of AWS’ hosted databases” says CEO Jitendra Vaidya. “We are growing quite well.” Competing database startups were raising big rounds, so PlanetScale connected with Andreessen in search of more firepower.

PlanetScale sells Vitess, a predescessor to Kubernetes, is a horizontal scaling sharding middleware built for MySQL. It lets businesses segment their database to boost memory efficiency without sacrificing reliable access speeds. PlanetScale sells Vitess in four ways: hosting on its database-as-a-service, licensing of the tech that can be run on-premises for clients or through another cloud provider, professional training for using Vitess, and on-demand support for users of the open-source version of Vitess. PlanetScale now has 18 customers paying for licenses and services, and plans to release its own multi-cloud hosting to a general audience soon.

With data becoming so valuable and security concerns rising, many companies want cross-data center durability so one failure doesn’t break their app or delete information. But often the tradeoff is uneveness in how long data takes to access. “If you take 100 queries, 99 might return results in 10 milliseconds, but one will tae 10 seconds That unpredictability is not something that apps can live with” Vaidya tells me. PlanetScale’s Vitess gives enterprises the protection of redundancy but consistent speeds.

Now equipped with a ton of cash for a 20-person team, PlanetScale plans to double its staff by adding more sales, marketing, and support. “We don’t have any concerns about the engineering side of things, but we need to figure out a go-to-market strategy for enterprises” Vaidya explains. “As we’re both technical co-founders, about half of our funding is going towards hiring those functions [outside of engineering], and making that part of our organization work well and get results.”

Posted Under: Tech News
eFounders backs Yousign to build a European eSignature company

Posted by on 23 May, 2019

This post was originally published on this site

French startup Yousign is partnering with startup studio eFounders. While eFounders usually builds software-as-a-service startups from scratch, the company is trying something new with this partnership.

eFounders wants to create all the tools you need to make your work more efficient. The startup studio is behind many respectable SaaS successes, such as Front, Aircall or Spendesk. And electronic signatures are a must if you want to speed up your workflow.

Sure, there are a ton of well-established players in the space — DocuSign, SignNow, Adobe Sign, HelloSign, etc. But nobody has really cracked the European market in a similar way.

Yousign has been around for a while in France. When it comes to features, it has everything you’d expect. You can upload a document and set up automated emails and notifications so that everybody signs the document.

Signatures are legally binding and Yousign archive your documents. You can also create document templates and send contract proposals using an API.

The main challenge for Yousign is that Europe is still quite fragmented. The company will need to convince users in different countries that they need to switch to an eSignature solution. Starting today, Yousign is now available in France, Germany, the U.K. and Spain.

Yousign had only raised some money. eFounders is cleaning the cap table by buying out existing investors and replacing them.

“We can’t really communicate on the details of the investment, but what I can tell you is that we bought out existing funds for several millions of euros in order to replace them — founders still have the majority of shares,” eFounders co-founder and CEO Thibaud Elzière told me.

In a blog post, Elzière writes that eFounders has acquired around 50 percent of the company through a SPV (Single Purpose Vehicle) that it controls. The startup studio holds 25 percent directly, and investors in the eFounders eClub hold 25 percent.

Yousign now looks pretty much like any other eFounders company when they start. Of course, founders and eFounders might get diluted further down the road if Yousign ends up raising more money.

Posted Under: Tech News
Serverless and containers: Two great technologies that work better together

Posted by on 23 May, 2019

This post was originally published on this site

Cloud native models using containerized software in a continuous delivery approach could benefit from serverless computing where the cloud vendor generates the exact amount of resources required to run a workload on the fly. While the major cloud vendors have recognized this and are already creating products to abstract away the infrastructure, it may not work for every situation in spite of the benefits.

Cloud native put simply involves using containerized applications and Kubernetes to deliver software in small packages called microservices. This enables developers to build and deliver software faster and more efficiently in a continuous delivery model. In the cloud native world, you should be able to develop code once and run it anywhere, on prem or any public cloud, or at least that is the ideal.

Serverless is actually a bit of a misnomer. There are servers underlying the model, but instead of dedicated virtual machines, the cloud vendor delivers exactly the right number of resources to run a particular workload for the right amount of time and no more.

Nothing is perfect

Such an arrangement would seem to be perfectly suited to a continuous delivery model, and while vendors have recognized the beauty of such an approach, as one engineer pointed out, there is never a free lunch in processes that are this complex, and it won’t be a perfect solution for every situation.

Arpana Sinha, director of product management at Google says the Kubernetes community has really embraced the serveless idea, but she says that it is limited in its current implementation, delivered in the form of functions with products like AWS Lambda, Google Cloud Functions and Azure Functions.

“Actually, I think the functions concept is a limited concept. It is unfortunate that that is the only thing that people associate with serverless,” she said.

She says that Google has tried to be more expansive in its definition “It’s basically a concept for developers where you are able to seamlessly go from writing code to deployment and the infrastructure takes care of all of the rest, making sure your code is deployed in the appropriate way across the appropriate, most resilient parts of the infrastructure, scaling it as your app needs additional resources, scaling it down as your traffic goes down, and charging you only for what you’re consuming,” she explained

But Matt Whittington, senior engineer on the Kubernetes Team at Atlassian says, while it sounds good in theory, in practice fully automated infrastructure could be unrealistic in some instances. “Serverless could be promising for certain workloads because it really allows developers to focus on the code, but it’s not a perfect solution. There is still some underlying tuning.”

He says you may not be able to leave it completely up to the vendor unless there is a way to specify the requirements for each container such as instructing them you need a minimum container load time, a certain container kill time or perhaps you need to deliver it a specific location. He says in reality it won’t be fully automated, at least while developers fiddle with the settings to make sure they are getting the resources they need without over-provisioning and paying for more than they need.

Vendors bringing solutions

The vendors are putting in their two cents trying to create tools that bring this ideal together. For instance, Google announced a service called Google Cloud Run at Google Cloud Next last month. It’s based on the open source Knative project, and in essence combines the goodness of serverless for developers running containers. Other similar services include AWS Fargate and Azure Container Instances, both of which are attempting to bring together these two technologies in a similar package.

In fact, Gabe Monroy, partner program manager at Microsoft, says Azure Container Instances is designed to solve this problem without being dependent on a functions-driven programming approach. “What Azure Container Instances does is it allows you to run containers directly on the Azure compute fabric, no virtual machines, hypervisor isolated, pay-per-second billing. We call it serverless containers,” he said.

While serverless and containers might seem like a good fit, as Monroy points there isn’t a one size fits all approach to cloud native technologies, whatever the approach may be. Some people will continue to use a function-driven serverless approach like AWS Lambda or Azure Functions and others will shift to containers and look for other ways to bring these technologies together. Whatever happens, as developer needs change, it is clear the open source community and vendors will respond with tools to help them. Bringing serverless and containers is together is just one example of that.

Posted Under: Tech News
Page 5 of 76« First...34567...102030...Last »

Social Media

Bulk Deals

Subscribe for exclusive Deals

Recent Post

Archives

Facebook

Twitter

Subscribe for exclusive Deals




Copyright 2015 - InnovatePC - All Rights Reserved

Site Design By Digital web avenue