Sumo Logic, a startup focused on enterprise log management and analytics, has raised $15 million in Series B funding round led by Sutter Hill Ventures, with participation from previous investors Greylock Partners and angel investor Shlomo Kramer. The new funding brings the startup’s total venture capital backing to $20.5 million. Today, Sumo Logic emerged from [...]
Posted on January 31st, 2012 by admin
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Venture capital firm Battery Ventures this morning announced that it has made an investment in Continuuity, a stealth ‘big data’ startup founded by Battery entrepreneur-in-residence Todd Papaioannou (formerly VP and Chief Cloud Architect for Yahoo). Andreessen Horowitz, Ignition Partners and a group of angel investors including Bob Pasker, Paul Ambrose, Matt Ocko and The Data [...]
Posted on January 27th, 2012 by admin
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In 2011, Sony had several major security breaches: Sony Online Entertainment, Sony Pictures, and Playstation Network all were attacked and private data was successfully stolen. Their handling of the attacks, particularly the larger PSN one, was widely criticized. Many users are either unaware or acutely aware of how many sites and services have financially or [...]
Posted on January 26th, 2012 by admin
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Data storage solutions provider Nexenta this morning announced that it has secured $21 million in Series C funding in a round led by new investor Menlo Ventures and joined by Sierra Ventures and Razor’s Edge Ventures, Javelin Venture Partners and TransLink Capital. Nexenta claims its open source storage software solutions help enterprises avoid vendor lock-in [...]
Posted on January 20th, 2012 by admin
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Code 42 Software, a Minnesota-based online backup company for consumers, businesses and the enterprise, has raised $52.5 million in funding led by Accel Partners with participation from Split Rock Partners. This is the first major investment from Accel’s recently announced Big Data Fund, which is dedicated to funding infrastructure and application companies in “Big Data.” [...]
Posted on January 18th, 2012 by admin
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Virtualization data management software maker Actifio has raised $33.5 million in a Series C financing round led by Andreessen Horowitz, with previous backers North Bridge Venture Partners, Greylock Partners and Advanced Technology Ventures participating. Founded in 2010, the startup has secured a total of $57.5 million in venture capital funding to date. Actifio bills itself [...]
Posted on December 5th, 2011 by admin
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Coraid, a developer of Ethernet SAN storage solutions, this morning announced that it has closed a sizable $50 million series C round led by Crosslink Capital. Coraid’s existing investors Menlo Ventures, Allegis Capital, Azure Capital Partners and affiliates of Silver Lake all participated in the round, as well as new investors including Seagate Technology and [...]
Posted on November 3rd, 2011 by admin
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Oracle has acquired Endeca, a company that powers enterprise search for large companies. Financial terms of the deal were not disclosed. Endeca has raised a total of $65 million from Bessemer, Venrock, Intel, SAP, Ampersand Capital Partners, DN Capital and Lehman Brothers. Endeca’s core technology enables companies to correlate and analyze unstructured data and provides [...]
Posted on October 18th, 2011 by admin
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Disaster Recovery and Business Continuity planning are impacted by Data Center consolidation that centralizes productivity applications. As enterprises reduce the overall number of data centers, consolidating remote and branch office assets in the process Disaster Recovery and Business Continuity become more critical. According to an international research firm, 41% of large organizations have consolidated most [...]
Posted on October 17th, 2011 by admin
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IT professionals surveyed reported that 65 percent of organizations frequently experienced data loss from a virtual environment. This represents a 140 percent increase in virtual data loss when compared to a similar survey last year. Other key findings indicate that 53 percent of those surveyed experienced five virtual data loss incidents in the past year [...]
Posted on October 10th, 2011 by admin
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