CLOUD APP DEVELOPMENT
Wipro Limited | March 03, 2022
Wipro Limited a leading global information technology, consulting, and business process services company, today announced the launch of its “Cloud Car” platform, which will be unveiled during the Engineering the Cloud Car Ecosystem panel at MWC Barcelona.
Wipro’s Cloud Car platform will bring together its Wipro FullStride Cloud Services and engineering capabilities with a best-in-class partner ecosystem as well as consortiums. A first in the industry, the platform will deliver auto makers an integrated, cloud-native software solution—equipped with an end-to-end cybersecurity system—to help them innovate faster at a lower cost and keep software-defined vehicles (SDVs) digitally relevant for years.
“Today, most SDVs come with pre-set features that are difficult and time-consuming to upgrade, rendering them outdated as new technologies come to market. Our goal is to make it possible for automobile manufacturers to deliver vehicles that get better every day, so both they and generations of owners can drive better return on investments.”
Thomas Mueller, CTO, Engineering and R&D Services, Wipro Limited
Wipro’s Cloud Car platform will decouple previously integrated software and hardware, enabling manufacturers to validate and upgrade software at an unmatched digital scale. As a result, generations of owners will be able to customize their vehicles based on their unique and changing needs. Automobile manufacturers, on the other hand, will be able to address software failures via over-the-air updates, without having to resort to physical recalls. The ‘always-on,’ ‘feature-on-demand’ functionality will come with a robust cyber security and functional safety architecture and will help increase vehicles’ residual value.
“By 2030, the vast majority of new vehicles will be SDVs,” added Mueller. “These cars will connect in real-time with the world around them. They will leverage artificial intelligence and machine learning to constantly gather data, provide valuable information and, eventually, make autonomous decisions. Unlocking the true potential of SDVs will require moving them to the cloud. We are fast forwarding to that future by making the Cloud Car ecosystem available to every automotive company in the world today.”
The Cloud Car platform will also leverage a ‘shadow mode’ architecture, working passively in the background, gathering and consolidating data from sensors and cameras as well as the driver, which, over time, will help with the validation and safety of autonomous functionalities.
About Wipro Limited
Wipro Limited is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
CLOUD APP DEVELOPMENT
Options Technology | December 29, 2021
Options Technology, the leading Capital Markets services provider, backed by Abry Partners, announced the achievement of VMware Cloud Verified status in their East Coast NY5 data center.
The accomplishment follows the VMware Cloud Provider Principal Partner Status awarded to the firm for their London facility earlier this year.
The Cloud Verified designation indicates that a provider offers a complete VMware-based, software-defined data center infrastructure delivered as a service. VMware Cloud Verified partner services enable customers to achieve unmatched levels of consistency, performance, and interoperability for traditional and containerised enterprise applications with the confidence that the service received is based on the most advanced VMware cloud technologies.
“By achieving VMware Cloud Verified status in NY5, we extend our best-in-class multi-Cloud platform to a second region. Alongside our recent achievement of VMware Cloud Principal Partner status in Europe, today’s achievement reiterates Options’ commitment to delivering industry-leading expertise in multi-Cloud services. We are excited to expand this offering further across the globe in the coming months.”
Options’ President and CEO Danny Moore
Today’s news comes as the latest in a series of strategic announcements for Options, including the acquisition of ACTIV Financial, a Fourth Microsoft Gold Partner Status, and an industry-first partnership with Code Willing.
In 2019, Options received investment from Boston-based Private Equity Firm, Abry Partners. This investment has enabled Options to accelerate its growth strategy and develop its technology platform whilst expanding its global reach in key financial centres.
Options Technology is the No. 1 provider of IT infrastructure to global Capital Markets firms, supporting their operations and ecosystems.
Founded in 1993, the firm began life as a hedge fund technology services provider. Today, the company provides high-performance managed trading infrastructure and cloud-enabled managed services to over 200 firms globally, providing an agile, scalable platform in an Investment Bank grade Cybersecurity wrapper.
Options clients include the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses and exchanges. With offices in 8 key cities; New York, Toronto, Chicago, London, Belfast, Hong Kong, Singapore and New Zealand, Options are well placed to service their customers both on-site and remotely.
In 2019, Options secured a significant growth investment from Abry Partners, a Boston-based sector-focused private equity firm. This investment has enabled Options to considerably accelerate its growth strategy to invest further in its technology platform and expand its reach in key financial centres globally.
Options has been named among the UK’s leading growth companies in the 2021, 2020, 2019, 2018 and 2017 Sunday Times HSBC International Track 200 league table.
About Abry Partners
Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since its founding in 1989, the firm has completed over $82 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across their active funds.
CLOUD APP DEVELOPMENT
OVHcloud | March 04, 2022
OVHcloud is combining its expertise in Infrastructure-as-a-Service with Platform-as-a-Service solutions to support the digital transformation of organizations by providing them with a ready-to-use toolkit. This accelerated integration of software technology is reflected in the launch of the Enterprise File Storage service, engineered in partnership with NetApp, which combines OVHcloud’s know-how with NetApp’s cloud storage management expertise.
OVHcloud is expanding its portfolio of cloud file storage solutions with an offering developed in collaboration with NetApp, a world leader in this field. Enterprise File Storage is designed to help organizations transition to the cloud by meeting their requirements for sovereignty, high performance and resilience, while ensuring seamless integration with the OVHcloud universe at a predictable price.
Enterprise File Storage is aimed at organizations with applications that have high operational requirements and need a highly available file storage service. The service is suitable for a variety of use cases, including organizations that are already cloud-based and want to facilitate sharing of enterprise data from different applications hosted on OVHcloud services, or organizations that are already running their own NetApp on-premise infrastructure and are looking to offload their workloads or begin their migration to the cloud.
Based on NetApp’s ONTAP file system technology and fully managed by OVHcloud, this all-in-one platform offers great ease of implementation while optimizing cloud storage costs, increasing application performance, and ensuring data protection and compliance. With Enterprise File Storage, customers get easy access to stored data and benefit from a flexible, scalable, and high-performance platform — with storage capacity from 1 to 58TB per service. The Enterprise File Storage service is appropriate for a wide range of enterprise environments and applications due to the use of the industry proven NFS protocol. It provides high performance — both in terms of IOPS and throughput — thanks to the combination of SSD technologies with NVMe caches.
“As Hybrid Cloud is a high priority for over 77% of NetApp customers, first party cloud services based on NetApp ONTAP are instrumental to make these projects become reality. We are glad to see OVHCloud making the choice of NetApp as a trusted technology partner for their Enterprise File Storage service”.
Peter Wüst, VP CTO WW Enterprise & Commercial Business, NetApp
“We are pleased to work with a recognized expert partner like NetApp to help our customers maximize and get the most out of their data by providing a unified experience across our various cloud storage solutions,” said Thierry Souche, Chief Technology Officer at OVHcloud. “Our customers can now access highly efficient and available storage resources, leveraging key features of ONTAP software and fully managed by OVHcloud.”
With over two decades of expertise in digital infrastructure services, OVHcloud has developed an industrial model that preserves the technological and operational sovereignty of customers, while deploying environmentally friendly and resource-efficient technologies. Designed and engineered in the Group’s own data centers, all OVHcloud solutions guarantee total data reversibility and immunity to extraterritorial laws. The infrastructure operated by OVHcloud meets the highest security and data protection standards, in line with ISO27001 certification, as well as GDPR compliance. Like all of the European leading cloud provider’s solutions, Enterprise File Storage features an outstanding price/performance ratio in the industry and allows organizations to maintain control of their cloud strategy with predictable pricing and the choice of data location. In addition, because NetApp is an industry standard, Enterprise File Storage frees organizations from any technical lock-in and provides business continuity outside an OVHcloud environment.
Enterprise File Storage is already available in data centers in Roubaix (France) and Frankfurt (Germany). The solution will be deployed in a very short term in Beauharnois (Canada), then will be rolled out in further geographies.
NetApp is a global, cloud-led, data-centric software company that empowers organizations to lead with data in the age of accelerated digital transformation. The company provides systems, software and cloud services that enable them to run their applications optimally from data center to cloud, whether they are developing in the cloud, moving to the cloud, or creating their own cloudlike experiences on premises. With solutions that perform across diverse environments, NetApp helps organizations build their own data fabric and securely deliver the right data, services and applications to the right people—anytime, anywhere.
OVHcloud is a global player and Europe’s leading cloud provider operating over 400,000 servers within 33 data centers across four continents. For 20 years, the Group has relied on an integrated model that provides complete control of its value chain – from the design of its servers, to the construction and management of its data centers, including the orchestration of its fiber-optic network. This unique approach allows it to independently cover all the uses of its 1.6 million customers in more than 140 countries. OVHcloud now offers its customers latest-generation solutions combining performance, price predictability and total sovereignty over their data to support their growth in complete freedom.
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.