CLOUD APP DEVELOPMENT
Arc | January 14, 2022
Arc, the full-service finance platform for SaaS, emerged from stealth with $161 million in total funding from equity and credit investors. In partnership with Stripe, Arc is building a first-of-its-kind fintech solution where software founders can borrow, save, and spend on one comprehensive digital platform. Its introductory product, Arc Advance, allows SaaS founders to seamlessly convert future revenue into upfront capital without dilution at the click of a button.
cloud services are among the world’s fastest-growing markets — estimated to reach $400 billion in revenue in 2022 and growing 20%+ year-over-year, according to Gartner. However, innovation in SaaS companies has outpaced the funding solutions supporting them. Historically, high-growth software companies in their earliest stages turn to venture capital and occasionally venture debt to fund their growth. These traditional sources of capital leave startups with expensive and offline solutions that limit their ownership, control, operating flexibility, and ultimately growth. Arc provides SaaS founders with a digitally native tool to fund growth without dilution, tapping into future recurring revenue to pay for operating expenses today.
As the full-service finance platform purpose-built for SaaS startups, Arc is building a community of premium software companies where they can borrow, save, and spend all on a single technology platform. Arc is transforming Wall Street for Silicon Valley — marrying the capital available to mature companies with the consumerized technology experience demanded by technology startups. The company is quickly becoming the home for SaaS founders’ finance needs.
“Arc provides SaaS startups with the funding alternative they deserve, empowering founders to scale without selling an ownership stake in their business or risking insolvency with legacy credit products. Arc was purpose-built for software founders. Our fintech platform eliminates the friction inherent in traditional capital raising while broadening access to non-dilutive capital, helping founders preserve ownership in the business they’ve worked so hard to build. And this is only the beginning — in the coming months, we'll be launching a full suite of financial tools to empower SaaS founders to scale their businesses efficiently and retain control. We want founders to know that when it comes to accessing and managing capital, Arc has your back.”
Don Muir, Arc co-founder & CEO
Unlike conventional banks, Arc leverages technology to programmatically underwrite credit risk, allowing Arc to deploy capital to founders in minutes rather than months. Backend API integrations from companies like Plaid enable Arc to rapidly and securely underwrite credit risk through real-time access to a startup’s financial data. Machine learning allows Arc to drastically improve interpretation of the financial information it receives compared to manual analysis alone. Leveraging Stripe’s banking-as-a-service technology, customers can store and spend their funding from Arc on a single platform designed for software companies. By building on top of these technology solutions, Arc has turned financing on its head, allowing founders to borrow against the future revenue of their company and grow efficiently. With Arc, startups can access the capital they need when they need it — without debt or dilution. Technology-driven financing also removes the biases inherent in conservative financial services — leveling the playing field for founders, especially those outside of Silicon Valley.
NFX founder James Currier joined Arc’s Board of Directors and led the fund’s investment in Arc. Currier commented, “This is the top team going after this space. They met at Stanford GSB and prior to Arc, built consumerized SaaS software in Silicon Valley as well as raised billions of dollars of debt on Wall Street.”
The company has also partnered with Y Combinator, which shares Arc’s mission to help startups grow. Arc was an early member of YC’s Winter 2022 batch, which commenced earlier this week. Jared Friedman, General Partner at Y Combinator, notes, “The Arc team's top-notch execution and the strong market need for this product have caused the YC community to rally behind their success."
Since launching last summer, over 100 startups have signed up for the Arc platform. In the fourth quarter of 2021, the company increased its total funding to customers by over 110x — a period where funding was limited to select launch partners and a waitlist proliferated. To date, the largest segment of customers has been VC-backed B2B SaaS companies seeking to accelerate their growth spend while also prolonging their runway before raising additional equity.
In addition to NFX and Y Combinator, the equity round also included participation from Bain Capital Ventures, Clocktower Technology Ventures, Torch Capital, Will Smith’s Dreamers VC, Soma Capital, Alumni Ventures, Pioneer Fund, and Atalaya Capital Management. Atalaya also provided the credit portion of the investment.
A large number of high-profile angel investors also contributed to the round, including over 100 founders from Y Combinator-backed companies such as Vouch, Observe.AI, Eden Workplace, Teleport, RevenueCat, QuickNode, Dover, Middesk, Instabug, and Rainforest QA, as well as multiple founders of decacorn fintechs. The ex-Stripe angel syndicate also invested in the round.
Arc is the full-service finance platform for SaaS, providing software startups with the customized financial products they deserve. Founded in 2021, Arc is on a mission to help startups grow by converting future revenue into upfront capital at the click of a button. The company is based in San Francisco and is funded by NFX, Bain Capital Ventures, Clocktower Technology Ventures, Torch Capital, and Y Combinator, among others.
CLOUD DEPLOYMENT MODELS
Otava | April 27, 2022
Otava, a global leader in custom and compliant hybrid cloud solutions, today announced the availability of its Managed Azure Cloud service that enables businesses to achieve the benefits of a fully managed Azure cloud environment. Otava's fully managed service helps customers overcome the complexities of Azure and public cloud infrastructure, so that they can maintain focus on their core competencies.
According to Statistica, Azure controls 33.1% of the worldwide Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) hyperscaler market share this year. This combined with Structure Research's findings that project the managed Public Cloud market will reach $11.8 billion in 2026 at a five-year annual growth rate of 29.2%, Otava Managed Azure Cloud presents a significant growth opportunity for the business.
"As edge computing and cloud become higher priorities, small and medium-sized businesses need to find a way to succeed in the digital landscape. Otava Managed Azure Cloud is a critical addition to our broad portfolio of secure and compliant hybrid cloud and security services. I'm very proud of our extremely talented team for bringing to market a complimentary fully managed, high-value Azure Cloud solution. We are excited to support our customers and partners seeking higher levels of agility, efficiency, and security with Azure Cloud while freeing their own IT staff to achieve greater performance in the areas where they are needed most."
Brad Cheedle, CEO, Otava.
With Otava's Managed Azure Cloud, businesses gain the advantages of cloud computing, while the management and maintenance is handled by cloud experts. The service ensures continuous improvement with workload migration, cloud environment configuration, built-in governance, security solutions, data protection, and monitoring with analysis. Otava's deep experience in cloud security, compliance, and cost containment helps customers to achieve cost management, regulatory compliance, accelerated app delivery, scalability and business agility. All Otava services are backed by a world-class support team available 24/7/365.
Otava is an industry-leading compliant hybrid cloud provider with locations around the world. Its portfolio is designed to provide a clear path to hybridity for companies navigating the cloud native landscape. Otava's cloud platform delivers simplicity, transparency, and flexibility with a range of management and infrastructure levels to accommodate unique needs. Each cloud solution is supported by fully integrated services such as backup, security, and disaster recovery that can connect to public cloud or on-premise environments. Otava gives its customers the power to innovate within a secure and compliant environment.
Founded in 1994, Otava is a cloud solutions provider on a mission to make hybrid cloud hosting easy for service providers, public sector clients and enterprise organizations. Its portfolio of flexible and compliant solutions includes hybrid private and shared cloud hosting, colocation, data protection, backup and security offerings. Otava's high-touch, consultative team works closely with clients to deliver exceptional results every time.
CLOUD APP DEVELOPMENT
Cequence Security | January 28, 2022
Cequence Security, the industry leader in API security, announced a partnership with Tetrate, an enterprise service mesh company and Gartner 2021 Cool Vendor in Cloud Computing, to bake API discovery and security into modern cloud-native microservices applications. This new integration will extend the single pane of glass offered by Tetrate to include the discovery of APIs, detection of security risks and threats, and native inline protection against threats using the Cequence API Security Platform. This will give API development and SecOps teams centralized discovery, management and continuous monitoring of their multi-cluster, multi-cloud microservices deployments.
"End-to-end API security is very critical for customers. Envoy as the policy enforcement point enables decentralized enforcement of security policies in a consistent way for both external and internal application traffic. The integration between Tetrate and Cequence brings together for customers API discovery, risk analysis and bot detection with strong authentication and authorization of traffic."
Varun Talwar, CEO and Co-Founder of Tetrate
Service mesh plays a critical role in incorporating zero-trust design and DevSecOps principles by adding security and reliability to connect microservices across infrastructures without any additional code. Discovering all the API endpoints exposed by microservices and securing them is difficult due to the rapid pace of development and inherently distributed nature of these applications. This can lead to applications being published for external usage without sufficient discovery, security or monitoring for security and operations teams.
Tetrate and Cequence Security’s integration reduces the time and complexity in adding discovery, security and monitoring to cloud-native applications and enables security that can scale with the application using the same underlying orchestration layer.
“Service mesh architecture is getting very popular with enterprise customers. We’re excited to partner with many of the founding engineers for the Istio service mesh because they best understand the security challenges in these environments,” said Larry Link, President and CEO of Cequence Security. “Cequence has a long history of meeting the application security needs of organizations by using leading edge technologies like containers and service meshes, and we’re thrilled to be partnering with Tetrate to take that commitment to the next level.”
About Cequence Security
Organizations trust Cequence Security to protect their APIs and web applications with the most effective and adaptive defense against online fraud, business logic attacks, exploits and unintended data leakage; which enables them to remain resilient in today’s ever-changing business and threat landscape. Cequence is the only API Security Platform offering that unifies API discovery, inventory tracking, risk analysis and remediation with proven, real-time threat protection against ever evolving online attacks.
Started by Istio founders to reimagine application networking, Tetrate is an enterprise service mesh company managing the complexity of modern, hybrid cloud application infrastructure. Its flagship product, Tetrate Service Bridge, provides an edge-to-workload application connectivity platform to deliver business continuity, agility, and security for enterprises on the journey from traditional monoliths to the cloud. Customers get consistent, baked-in observability, runtime security and traffic management in any environment. Tetrate remains a top contributor to the open-source projects Istio and Envoy Proxy.
CLOUD APP DEVELOPMENT
ZNet Technologies | March 02, 2022
ZNet Technologies a leading cloud and cybersecurity services distributor offering cloud infrastructure and managed services, announced a new partnership with Acronis, a global leader in cyber protection, in the North America region. The partnership brings together Acronis Cyber Protect Cloud, the most comprehensive cyber protection solutions suite available and ZNet’s automation platform to automate billing and delivery of Acronis solutions for service providers.
As a result of the new alliance, ZNet partners can offer services based on a comprehensive range of cyber protection solutions, including backup, disaster recovery, AI-enhanced anti-malware, endpoint security and management tools, advanced packs, file sync and share, and blockchain-based file notarization and e-signature services – all of which are managed via a single console and delivered and billed via ZNet’s automation platform.
ZNet has also won the Acronis #CyberFit Innovation Award at the recently concluded Acronis #CyberFit Summit Singapore for empowering partners by bringing technology innovation with automation and Go-To-Market strategies. The award was announced jointly by Patrick Pulvermueller, Acronis CEO, and Pasha Ershow, SVP – APJ & MEA Sales & Global Channel at Acronis.
“Acronis’ high-quality, AI-enhanced cyber protection solutions meet a critical need of providing comprehensive security against new-age cyber threats and vulnerabilities. Acronis is an incredible solution for our partners looking to equip their end-users with high-end, sophisticated all-in-one cyber protection solution. With addition of Acronis in our portfolio for USA and Canada, combined with our home-grown service delivery and business automation platform, we aim to enable partners to deliver Acronis cyber protection solutions with flexible billing options and complete automation.”
Munesh Jadoun, Founder and CEO, ZNet Technologies Private Limited
The automation capabilities mean that ZNet partners will be able to provision and manage billing for their Acronis customers’ licensing from a single interface, simplifying their onboarding, provisioning, billing, support, and reporting. Partners can also allow their clients to monitor their existing consumption and upgrade/downgrade plans if required.
“The cyberthreat landscape has changed dramatically over the past two years, causing organizations to seek not only greater security, but lower costs and improved efficiency – creating unique opportunities for service providers who offer in-demand cyber protection services,” said Acronis Vice President and General Manager, Americas, Pat Hurley. “ZNet is a long-time Acronis partner with an exceptionally qualified and technically certified team, and its proven track record of delivering the best cyber protection solutions and empowering its partners projects a bright and successful future together.”
About ZNet Technologies
ZNet Technologies Private Limited, incorporated in 2009, is a cloud services provider offering cloud infrastructure and managed services to partners and end customers across the globe. ZNet powers well over 90K websites and applications globally with the wide portfolio of cloud and infrastructure offerings. The business units of ZNet include ZNetLive (cloud and cybersecurity services provider) and RackNap (cloud service delivery and business automation platform). ZNet offers services from Acronis, NTT, Perpetuuiti, Plesk, Microsoft, AWS, Alibaba Cloud and managed services via its certified cloud professionals. RackNap helps with automating the delivery of cloud services and helps bill the usage based on actual consumption.
ZNet is owned by RP tech India Founded in 1989, RP tech India is the fastest-growing value-added distributor of IT and mobility solutions with 50 branches and 50 service centers across India. Growing at a consistent 25% CAGR YoY, the company offers products from over 25+ renowned global brands to 9000+ customers spread across 750+ towns/cities in India.
Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions powered by AI. With advanced anti-malware powered by cutting-edge machine intelligence and blockchain based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on premises – at a low and predictable cost.