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Data center provider fakes Tier 4 data center certificate to bag $11M SEC deal

CIO

Deepak Jain, CEO of a Maryland-based IT services firm, has been indicted for fraud and making false statements after allegedly falsifying a Tier 4 data center certification to secure a $10.7 The Tier 4 data center certificates are awarded by Uptime Institute and not “Uptime Council.”

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Microsoft acquires Fungible, a maker of data processing units, to bolster Azure

TechCrunch

In December, reports suggested that Microsoft had acquired Fungible, a startup fabricating a type of data center hardware known as a data processing unit (DPU), for around $190 million. ” The Fungible team will join Microsoft’s data center infrastructure engineering teams, Bablani said. .

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Delivering better business outcomes for CIOs

CIO

However, enterprise cloud computing still faces similar challenges in achieving efficiency and simplicity, particularly in managing diverse cloud resources and optimizing data management. AI models are often developed in the public cloud, but the data is stored in data centers and at the edge.

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Africa’s digital economy and digital transformation

CIO

For data center capacity to spread to more regions of Africa, there will need to be a major effort to create structure for overland routes. 2 The data regulations landscape on the continent remains fluid, but its also a top priority within established data economies in Africa.

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The Week’s Biggest Funding Rounds: Data Storage And Lots Of Biotech

Crunchbase News

Of course this is far from the only play the Blackstone Group has made in the data sector. billion to develop data centers in Spain. In 2023, it partnered with Digital Realty to develop $7 billion in data centers targeting providers of online content, cloud services and artificial intelligence. billion.

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Lightbits Labs lands $42M to speed up server data transfers

TechCrunch

Data centers with servers attached to solid-state drives (SSDs) can suffer from an imbalance of storage and compute. Either there’s not enough processing power to go around, or physical storage limits get in the way of data transfers, Lightbits Labs CEO Eran Kirzner explains to TechCrunch. ” Image Credits: Lightbits Labs.

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ANYbotics, Swiss company behind quadrupedal ANYmal robot, announces $20M A round

TechCrunch

The company spun out of ETH Zurich in 2016, at which point the robot was already well into development. An ANYmal at a factory, power plant, or data center could save costs and shoe leather. ANYbotics , the creators of ANYmal , a four-legged autonomous robot platform intended for a variety of industrial uses, has raised a $22.3

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