Wasabi Technologies | October 04, 2022
Wasabi Technologies, the hot cloud storage company, today announced it has achieved unicorn status following $250 million in new funding. Wasabi raised $125 million in Series D equity led by L2 Point Management with participation from Cedar Pine; an affiliate of Cerberus Capital Management; and returning investors including Fidelity Management & Research Company and Forestay Capital, bringing the company’s valuation to over $1.1 billion. Wasabi also expanded its existing debt facility with MGG Investment Group to $125 million. Barclays acted as sole placement agent on the transaction.
Wasabi provides fast, affordable, and highly reliable cloud data storage for businesses all over the world at 1/5th the cost of large hyperscale providers or on-premises storage, with no charges for egress or API requests and no complex tiering. The company's revenues more than doubled from 2020-2021, and Wasabi now has more than 40,000 customers in over 100 countries, 13,000 partners, 250+ global employees and 13 storage regions across North America, Europe, and Asia Pacific. The new equity will drive expansion into additional vertical markets and geographies, enhance Wasabi’s channel partnerships, and scale the company’s go-to-market team and global brand strategies. Meanwhile, the debt will be used to finance capital equipment and infrastructure in Wasabi’s storage regions around the world, and to invest in Wasabi’s technology capabilities to lay the groundwork for a new generation of cloud storage architecture.
“Closing a large up round in this environment speaks to the spectacular growth of Wasabi, the magnitude of the cloud storage opportunity, and our leadership as the industry’s largest pure-play cloud storage vendor. At Wasabi, we focus on just one thing: cloud storage. We do it better than anyone else in the industry. Because of this singular focus, our team has achieved best-in-class performance and security at the lowest prices in the industry,”
David Friend, co-founder and CEO of Wasabi Technologies
Kerstin Dittmar, managing partner of lead investor L2 Point, will join Wasabi’s Board of Directors. “Wasabi provides a game-changing product that offers customers a simpler, faster, and significantly more economical solution to their cloud data storage needs. We believe this capital raise will allow Wasabi to continue to expand its offering across additional services and geographies to meet their global customers’ needs,” said Dittmar.
“We are proud to partner with Wasabi to provide innovative solutions in cloud storage and security,” added Sam Barnett, PhD, executive chairman of Cedar Pine. “The importance of Wasabi’s technology is increasing in every industry.”
Kevin Griffin, CEO of MGG Investment Group, also commented, “We seek to partner with best-in-class entrepreneurs and companies and are excited to continue supporting Wasabi Technologies and their global expansion.”
In addition to the industry-leading performance of Wasabi hot cloud storage, the company partners with over 350 technology companies, including most of the world’s leading backup, disaster recovery, and surveillance companies. Wasabi is used to store data across a wide range of industries, including professional sports, energy and natural resources, finance, surveillance, education, manufacturing, consumer technology, healthcare, scientific research, and media and entertainment.
“As our data needs continue to evolve, from player analytics, IoT, digital assets and even security, this presents an enormous learning opportunity for the organization,” said Brian Shield, senior vice president and CTO of the Boston Red Sox. “Wasabi provides a cost-effective cloud-based solution that enables us to retrieve content quickly and improve the level of video analysis and production we do here at the Red Sox.”
About Wasabi Technologies
Wasabi provides simple, predictable and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an unlimited amount of data at 1/5th the price of the competition with no complex tiers or unpredictable egress fees. Trusted by tens of thousands of customers worldwide, Wasabi has been recognized as one of technology’s fastest-growing and most visionary companies. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi is a privately held company based in Boston. Wasabi is a Proud Partner of the Boston Red Sox, and the Official Cloud Storage Partner of Liverpool Football Club and the Boston Bruins.
About L2 Point Management
L2 Point Management (“L2 Point”) is a San Francisco based investment firm providing innovative capital solutions for growth companies. With expertise across the capital structure, L2 Point works to address a common concern of late-stage companies today: the lack of an alternative cost of capital product between highly dilutive growth equity and operationally restrictive debt.
Lacework | October 27, 2022
Lacework, the data-driven cloud security company, today announced a new integration with Google Cloud's Chronicle Security Operations, bringing its cloud-native application protection platform (CNAPP) capabilities to Chronicle deployments. By tapping into rich multicloud runtime alerts from the Lacework Polygraph Data Platform, organizations using Chronicle Security Operations gain better insight into cloud threats, helping them understand, respond to, and remediate incidents more effectively than ever before. Lacework fully integrates multicloud runtime telemetry with Chronicle Security Operations.
SOC teams that rely on legacy security solutions, which are based on static, manually-written rules, can't keep up with the rate and scale of changes in cloud environments. They are then forced to spend an increasing amount of analyst time and energy sifting through an overwhelming volume of low-context alerts. SOC teams need a modern threat management solution that can keep up with the constantly changing nature of the cloud, and allows them — and their company overall — to operate and innovate effectively at scale.
With this integration, organizations using Chronicle Security Operations can now access runtime alerts and anomalous activity from multicloud environments, generated by the Lacework Polygraph Data Platform. The Lacework Polygraph Data Platform uses automation to provide teams with an improved signal-to-noise ratio compared to traditional solutions that are not built for the cloud, without the need for manual intervention. The addition of these high-context alerts allows SOC teams to quicken investigation and remediation, and closes the gap between SOC and security teams by embedding Lacework into security playbooks.
"Enterprises transforming their security strategies for the cloud require technologies that easily deliver comprehensive visibility across their multicloud environments, Lacework's integration with Chronicle Security Operations enables organizations to detect and address the right threats via contextual insights that matter the most across their diverse environments."
Sunil Potti, VP/GM of Security, Google Cloud
Key capabilities of this integration include:
Anomaly detections from Lacework, including the cloud control plane, audit logs, cloud, and container instances for Google Cloud, AWS, and Microsoft Azure are all shared with Chronicle Security Operations.
Using Chronicle's Universal Data Model parsers, customers can easily onboard this integration within their existing Chronicle instance.
Customers will be able to create automation, orchestration and response playbooks using Chronicle SOAR to quickly react to and address issues.
"Cloud threats are only becoming more sophisticated over time, so it's critical for security teams to have the right context to make the right decisions to remediate issues quickly," said Jay Parikh, co-CEO, Lacework. "Through our continued partnership with Google Cloud, we're making it easier for joint customers to take advantage of the richness of Lacework data so they can get a better understanding of what's happening across their multicloud environments and continue to innovate with confidence."
The Lacework integration with Chronicle Security Operations will be available to organizations via Google Cloud Marketplace
Lacework is the data-driven security company for the cloud. The Lacework Polygraph Data Platform automates cloud security at scale so our customers can innovate with speed and safety. Only Lacework can collect, analyze, and accurately correlate data across an organization's cloud and Kubernetes environments, and narrow it down to the handful of security events that matter. Customers all over the globe depend on Lacework to drive revenue, bring products to market faster and safer, and consolidate point security solutions into a single platform. Founded in 2015 and headquartered in San Jose, Calif., Lacework is backed by leading investors like Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, Tiger Global Management, Counterpoint Global (Morgan Stanley), Franklin Templeton, Durable Capital, GV, General Catalyst, XN, Coatue, Dragoneer, Liberty Global Ventures, and Snowflake Ventures, among others.
Blue Planet | September 28, 2022
Blue Planet, a division of Ciena has added new software enhancements to its intelligent automation product portfolio, helping communication service providers (CSPs) accelerate their digital transformation and quickly monetize innovative digital services built on 5G and multi-cloud infrastructure. These enhancements deliver end-to-end observability and control to automate service lifecycle management, improve operational agility and optimize customer experience.
The latest software innovations across the Blue Planet intelligent automation portfolio address multiple CSP digital transformation challenges and opportunities:
5G automation: The emergence of 5G standalone, network slicing and multi-access edge computing (MEC) allows CSPs to monetize their network in new ways by delivering innovative slice-based services and offering true digital experiences. Blue Planet is providing new 5G automation capabilities that include:
An open, productized 5G network slicing solution that incorporates end-to-end orchestration and observability for zero-touch lifecycle management – automating design, activation, assurance, and modification – of slices, including sub-slice management, across the radio access network (RAN) to the core.
Dynamic inventory for visualizing the optimal placement of physical and cloud-native resources as well as the end-to-end 5G service topology to help CSPs plan and deploy their 5G resources quickly and efficiently.
Multi-Cloud extensibility: Open cloud-based approaches are critical to increasing scale and agility, as well as enabling elastic connectivity models with cloud providers. New Blue Planet multi-cloud enhancements include:
Broad Kubernetes support that enables the intelligent placement and orchestration of cloud-based network functions (CNFs) and applications in distributed multi-cloud environments. As a truly cloud-native platform, Blue Planet can be deployed in any public or private cloud and can be consumed in a software-as-a-service (SaaS) model.
As a key player in the multi-cloud ecosystem, Blue Planet has recently joined Nephio, a new Linux Foundation open-source project seeded by Google and focused on Kubernetes-based intent-driven automation of network functions and the underlying infrastructure that supports them.
Low-code usability: Low-code technology helps CSPs improve operational agility by empowering them and their system integration partners to design and build new service types and applications for end customers with minimal IT and vendor support. New Blue Planet low-code enhancements include:
A single set of integrated development tools across the Blue Planet portfolio to accelerate the onboarding of new network resources and declarative templating abilities that simplify the modeling and creation of new services.
"With the rise of 5G and cloudified services, CSPs’ network and service operations will become even more complicated, making automation a necessity. Blue Planet has been making steady incremental progress to enable CSP automation, with its vendor-agnostic, modular, programmable take on service lifecycle management. This latest product upgrade from Blue Planet, with its focus on simplicity for the customer, provides telcos with an opportunity for growth and to engage with the digital economy,” said Francis Haysom, Principal Analyst, Appledore.
"Digitization is accelerating for CSPs as they modernize their operations to deliver innovative new services more quickly and cost-effectively,” said Rick Hamilton, At Blue Planet, we are laser-focused on creating intelligent automation capabilities that help our CSP customers digitize operations and deliver exciting new digital services to improve the customer experience.”
Senior Vice President, Blue Planet.
You can learn more about these new and enhanced features by visiting Blue Planet this week at Digital Transformation World (DTW) 2022, September 20-22 in Copenhagen, Denmark, where Blue Planet is participating in the ‘Supercharged edge-aware marketplaces’ Catalyst demonstration.
About Blue Planet
Blue Planet provides proven software solutions that accelerate digital transformation through intelligent automation. With more than 200 deployments worldwide, our modular, vendor-agnostic product portfolio enables real-time visibility and control to manage changing network operating environments. Backed by a global team of delivery specialists and an ecosystem of partners, Blue Planet is a division of Ciena that combines expertise across IT, network, and business operations to enable the agility necessary for creating differentiated end-customer experiences.
Palo Alto Network | September 23, 2022
Open source software is a critical component of cloud-native applications, allowing developers greater speed and modularity without having to reinvent the wheel each time they code. However, as the Unit 42 Cloud Threat Report, 2H 2021 found, open source software can often contain known vulnerabilities, which can open organizations up to significant risk. Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today introduced the industry's first context-aware software composition analysis (SCA) solution to help developers safely use open source software components. The integration of SCA into Prisma® Cloud further demonstrates why Palo Alto Networks is the leading provider of cloud-native security.
Traditional SCA solutions are standalone products that can produce a large number of alerts but lack the runtime context to help fix vulnerabilities. With the addition of SCA to the Prisma Cloud platform, developers and security teams can proactively surface and prioritize known vulnerabilities that impact the application lifecycle (i.e., code, build, deploy and run). Prisma Cloud SCA delivers deep dependency detection and remediation of vulnerabilities in open source software before applications reach production. It can also help developers prioritize remediation based on software components that are already in use. These capabilities are not possible when SCA solutions are deployed as single point products.
"Developers leveraging open source software should be able to build applications with the confidence they aren't opening the organization up to risk, With the average application consisting of 75% open source components, SCA on Prisma Cloud is key to protecting the organization from code to cloud and empowering developers to build with speed."
Ankur Shah, senior vice president, Prisma Cloud, Palo Alto Networks
As a complete cloud-native application protection platform (CNAPP), Prisma Cloud is context-aware at every stage of the application lifecycle to provide a unified view of risk across organizations' cloud environments. Where current approaches to cloud security rely on siloed products that provide intermittent visibility without remediation, Prisma Cloud approaches cloud security with a comprehensive, prevention-first framework. With 188% increase in cloud incident response cases over the past three years, this shift in approach has become mandatory.
A complete code-to cloud CNAPP needs to incorporate the following five key principles in order to keep organizations safe:
Security from code to cloud — protects applications at every stage of the development lifecycle — from code, build, deploy and run.
Continuous, real time visibility — uses real-time and contextual security analysis of cloud environments to help prevent misconfigurations, vulnerabilities and threats.
Prevention-first protection — stopping attacks and defending against zero-day vulnerabilities to drive down mean time to remediation.
Choice for every cloud journey — aligning security needs with current and future cloud priorities by supporting a breadth of cloud service providers, workload architectures, continuous integration and continuous delivery (CI/CD) pipelines, integrated development environments (IDEs), and repositories with a unified platform
Cloud scale security — consistently secures applications as cloud environments scale.
In addition to SCA and to further increase the safety of cloud-native applications, Prisma Cloud introduced a software bill of materials (SBOM) among other capabilities for developers to easily maintain and reference a complete codebase inventory of every application component used across cloud environments. Implementing SCA and SBOM ensures Prisma Cloud aligns with these principles.
"Buyers looking for cloud-native security solutions need to keep the requirements of microservices security protection in mind. The 'bolted-on' and 'whack-a-mole' approaches are a thing of the past," said Frank Dickson, program vice president, Security and Trust at IDC. "Security should be embedded throughout the application development life cycle. This means that buyers need to fundamentally change their approach to security, although they need to continue to protect their run-time environments, they must also embrace solutions that embed security in the application development process, an approach referred to as 'shift left.' Shift left requires one to think less about security products and more about continuous security processes."
About Palo Alto Networks
Palo Alto Networks is the world's cybersecurity leader. We innovate to outpace cyberthreats, so organizations can embrace technology with confidence. We provide next-gen cybersecurity to thousands of customers globally, across all sectors. Our best-in-class cybersecurity platforms and services are backed by industry-leading threat intelligence and strengthened by state-of-the-art automation. Whether deploying our products to enable the Zero Trust Enterprise, responding to a security incident, or partnering to deliver better security outcomes through a world-class partner ecosystem, we're committed to helping ensure each day is safer than the one before. It's what makes us the cybersecurity partner of choice.