Mar
05
2020
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Nvidia acquires data storage and management platform SwiftStack

Nvidia today announced that it has acquired SwiftStack, a software-centric data storage and management platform that supports public cloud, on-premises and edge deployments.

The company’s recent launches focused on improving its support for AI, high-performance computing and accelerated computing workloads, which is surely what Nvidia is most interested in here.

“Building AI supercomputers is exciting to the entire SwiftStack team,” says the company’s co-founder and CPO Joe Arnold in today’s announcement. “We couldn’t be more thrilled to work with the talented folks at NVIDIA and look forward to contributing to its world-leading accelerated computing solutions.”

The two companies did not disclose the price of the acquisition, but SwiftStack had previously raised about $23.6 million in Series A and B rounds led by Mayfield Fund and OpenView Venture Partners. Other investors include Storm Ventures and UMC Capital.

SwiftStack, which was founded in 2011, placed an early bet on OpenStack, the massive open-source project that aimed to give enterprises an AWS-like management experience in their own data centers. The company was one of the largest contributors to OpenStack’s Swift object storage platform and offered a number of services around this, though it seems like in recent years, it has downplayed the OpenStack relationship as that platform’s popularity has fizzled in many verticals.

SwiftStack lists the likes of PayPal, Rogers, data center provider DC Blox, Snapfish and Verizon (TechCrunch’s parent company) on its customer page. Nvidia, too, is a customer.

SwiftStack notes that it team will continue to maintain existing set of open source tools like Swift, ProxyFS, 1space and Controller.

“SwiftStack’s technology is already a key part of NVIDIA’s GPU-powered AI infrastructure, and this acquisition will strengthen what we do for you,” says Arnold.

Mar
20
2019
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Portworx raises $27M Series C for its cloud-native data management platform

As enterprises adopt cloud-native technologies like containers to build their applications, the next question they often have to ask themselves is how they adapt their data storage and management practices to this new reality, too. One of the companies in this business is the four-year-old Portworx, which has managed to attract customers like Lufthansa Systems, GE Digital and HPE with its cloud-native storage and data-management platform for the Kubernetes container orchestration platform.

Portworx today announced that it has raised a $27 million Series C funding round led by  Sapphire Ventures and the ventures arm of Abu Dhabi’s Mubadala Investment Company. Existing investors Mayfield Fund and GE Ventures also participated, as well as new investors Cisco, HPE and NetApp, which clearly have a strategic interest in bringing Portworx’s storage offering to their own customers, too, and partnering with the company.

Portworx’s tools make it easier for developers to migrate data, create backups and recover them after an issue. The service supports most popular databases, including Cassandra, Redis and MySQL, but also other storage services. Essentially, it creates a storage layer for database containers or other stateful containers that your apps can then access, no matter where they run or where the data resides.

“As the cloud-native stack matures, Portworx’s leadership in the data layer is really what is highlighted by our funding,” Portworx CEO and co-founder Murli Thirumale told me. “We clearly have a significant number of customers, there is a lot of customer growth, our partner network is growing. What you are seeing is that within that cloud-native ecosystem, we have the maximum number of production deployments and that momentum is something we’re continuing to fuel and fund with this round.”

As Portworx CEO and co-founder Murli Thirumale told me, the company expanded its customer base by over 100 percent last year and increased its total bookings by 376 percent year-over-year. That’s obviously the kind of growth that investors want to see. Thirumale noted, though, that the company wasn’t under any pressure to raise at this point. “We were seeing such strong growth momentum that we knew we need the money to fuel the growth.” That means expanding the company’s sales force, especially internationally, as well as its support team to help its new customers manage their data lifecycle.

In addition to today’s funding round, Portworx also today announced the latest version of its flagship Portworx Enterprise platform, which now includes new data security and disaster recovery functions. These include improved role-based access controls that go beyond what Kubernetes traditionally offers (and that integrate with existing enterprise systems). The new disaster recovery tools now allow enterprises to make incremental backups to data centers that sit in different geographical locations. Maybe more importantly, Portworx now also lets users automatically save data in two nearby data centers zones as updates happen. That’s meant o enable use cases where zero data loss would be acceptable in the case of an outage. With this, a company could automatically backup data from a database that sits in Azure Germany Central and back it up to AWS Europe Frankfurt, for example.

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