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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. .

Azure 282
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The Week’s Biggest Funding Rounds: Data Storage And Lots Of Biotech

Crunchbase News

DDN , $300M, data storage: Data is the big-money game right now. Private equity giant Blackstone Group is making a $300 million strategic investment into DDN , valuing the Chatsworth, California-based data storage company at $5 billion. Of course this is far from the only play the Blackstone Group has made in the data sector.

Biotech 117
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Singapore-based Transcelestial uses lasers to build affordable internet networks

TechCrunch

Transcelestial is on a mission to make the internet more accessible by building a network of shoebox-sized devices that send lasers to one another, creating a fiber-like network. This brings Transcelestial’s total raised since it was founded in 2016 to $24 million. Investor In-Q-Tel was part of a previously disclosed round.

Internet 218
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StepZen snares $8M seed to build data integration API

TechCrunch

StepZen , a new startup from the crew who gave you Apigee (which was sold to Google in 2016 for $625 million) had a different vision for their latest company. They are building a single API that pulls data from disparate sources to help developers deliver more complex customer experiences online.

Data 263
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Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years

TechCrunch

Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years. Creative use of the country’s networked manufacturing and logistics hubs make mass production both cheap and easy. In China, that distribution network was present across the digital and physical worlds. Contributor.

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Versa raises $120M for its software-defined networking and security stack

TechCrunch

Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. According to data from PitchBook, venture capital investments have reached about $13.66 Kelly Ahuja, a Cisco alum, was tapped as Versa’s CEO in 2016.

Security 193