Nov
09
2020
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Qumulo update adds NvME caching for more efficient use of flash storage

Qumulo, the Seattle-based data storage startup, announced a bunch of updates today, including support for NvME caching, an approach that should enable customers to access faster flash storage at a lower price point.

NvME flash storage development is evolving quickly, driving down the price with higher performance, a win-win situation for large data producers, but it’s still more expensive than traditional drives. Qumulo CEO Bill Richter pointed out that the software still has to take advantage of these changing flash storage dynamics.

To that end, the company claims with its new NvME caching capability, it is giving customers the ability to access faster flash storage for the same price as spinning disks by optimizing the software to more intelligently manage data on its platform and take advantage of the higher performance storage.

The company is also announcing the ability to dynamically scale using the latest technologies such as chips, memory and storage in an automated way. Further, it’s providing automated data encryption at no additional charge, and new instant updates, which it says can be implemented without any downtime. Finally, it has introduced a new interface to make it easier for customers to move their data from on premises data storage to Amazon S3.

Richter says that the company’s mission has always been about creating, managing and consuming massive amounts of file-based data. As the pandemic has taken hold, more companies are moving their data and applications to the cloud.

“The major secular trends that underpin Qumulo’s mission — the massive amount of file-based content, and the use of cloud computing to solve the content challenge, have both accelerated during the pandemic and we have received really clear signs of that,” he said.

Qumulo was founded in 2012 and has raised $351 million. Its most recent raise was a hefty $125 million last July on a valuation over $1.2 billion.

Sep
17
2019
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Data storage company Cloudian launches a new edge analytics subsidiary called Edgematrix

Cloudian, a company that enables businesses to store and manage massive amounts of data, announced today the launch of Edgematrix, a new unit focused on edge analytics for large data sets. Edgematrix, a majority-owned subsidiary of Cloudian, will first be available in Japan, where both companies are based. It has raised a $9 million Series A from strategic investors NTT Docomo, Shimizu Corporation and Japan Post Capital, as well as Cloudian co-founder and CEO Michael Tso and board director Jonathan Epstein. The funding will be used on product development, deployment and sales and marketing.

Cloudian itself has raised a total of $174 million, including a $94 million Series E round announced last year. Its products include the Hyperstore platform, which allows businesses to store hundreds of petrabytes of data on premise, and software for data analytics and machine learning. Edgematrix uses Hyperstore for storing large-scale data sets and its own AI software and hardware for data processing at the “edge” of networks, closer to where data is collected from IoT devices like sensors.

The company’s solutions were created for situations where real-time analytics is necessary. For example, it can be used to detect the make, model and year of cars on highways so targeted billboard ads can be displayed to their drivers.

Tso told TechCrunch in an email that Edgematrix was launched after Cloudian co-founder and president Hiroshi Ohta and a team spent two years working on technology to help Cloudian customers process and analyze their data more efficiently.

“With more and more data being created at the edge, including IoT data, there’s a growing need for being able to apply real-time data analysis and decision-making at or near the edge, minimizing the transmission costs and latencies involved in moving the data elsewhere,” said Tso. “Based on the initial success of a small Cloudian team developing AI software solutions and attracting a number of top-tier customers, we decided that the best way to build on this success was establishing a subsidiary with strategic investors.”

Edgematrix is launching in Japan first because spending on AI systems there is expected to grow faster than in any other market, at a compound annual growth rate of 45.3% from 2018 to 2023, according to IDC.

“Japan has been ahead of the curve as an early adopter of AI technology, with both the governmetn and private sector viewing it as essential to boosting productivity,” said Tso. “Edgematrix will focus on the Japanese market for at least the next year, and assuming that all goes well, it would then expand to North America and Europe.”

Apr
24
2017
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Data management startup Rubrik is raising up to $200M on a $1B valuation

 Make way for another juggernaut amongst enterprise startups: Rubrik, a data backup company that only emerged from stealth in 2015, is in the process of raising between $150 million and $200 million on a valuation of $1 billion as the company enters a period of strong demand for its storage and data management products, according to sources. TechCrunch first learned of the new fundraise via… Read More

Aug
31
2016
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Facebook open sources Zstandard compression algorithm and MyRocks storage engine

Illustration and Painting Today, Facebook is releasing its Zstandard compression algorithm into the wild as open source. The lossless compression technology is aimed at replacing existing libraries like zlib that are powered by the outdated Deflate compression algorithm. In addition to Zstandard, Facebook is also dropping its MyRocks storage engine as open source. MyRocks is currently being used by Facebook to… Read More

Jun
18
2015
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Komprise Raises $6M To Help Companies Rein In Sprawling Data

Komprise Storing loads of data is costly, especially if companies can’t figure out the most best ways to manage all that information. Komprise wants to make big data less overwhelming so its clients don’t have to constantly buy more storage. Read More

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