Category: Cloud
Container security acquisitions increase as companies accelerate shift to cloud
Last week, another container security startup came off the board when Rapid7 bought Alcide for $50 million. The purchase is part of a broader trend in which larger companies are buying up cloud-native security startups at a rapid clip. But why is there so much M&A action in this space…
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BeyondID grabs $9M Series A to help clients implement cloud identity
BeyondID, a cloud identity consulting firm, announced a $9 million Series A today led by Tercera. It marked the first investment from Tercera, a firm that launched earlier this month with the goal of investing in service startups like Beyond. The company focuses on helping clients manage security and identity…
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Alibaba Cloud turns profitable after 11 years
Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba, became profitable for the first time in the December quarter, the company announced in its earnings report. The firm’s cloud unit achieved positive adjusted EBITA (earnings before interest, taxes, and amortization) during the quarter, after being in business since…
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What Andy Jassy’s promotion to Amazon CEO could mean for AWS
Blockbuster news struck late this afternoon when Amazon announced that Jeff Bezos would be stepping back as CEO of Amazon, the company he built from a business in his garage to worldwide behemoth. As he takes on the role of executive chairman, his replacement will be none other than AWS…
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Google Cloud lost $5.6B in 2020
Google continues to bet heavily on Google Cloud, and, while it is seeing accelerated revenue growth, its losses are also increasing. For the first time today, Google disclosed operating income/loss for its Google Cloud business unit in its quarterly earnings today. Google Cloud lost $5.6 billion in Google’s fiscal year…
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Atlassian stops selling on-prem licenses, adds new enteprise pricing tier
Atlassian has made it clear for some time that it’s all in on the cloud, but now it’s official. The company stopped selling new on-prem licenses as of yesterday. Perhaps to take away the sting of that move for large organizations, today it announced a new all-inclusive enterprise pricing tier.…
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