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

TechCrunch

” “Fungible’s technologies help enable high-performance, scalable, disaggregated, scaled-out data center infrastructure with reliability and security,” Girish Bablani, the CVP of Microsoft’s Azure Core division, wrote in a blog post.

Azure 282
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History of MongoDB

The Crazy Programmer

MongoDB and is the open-source server product, which is used for document-oriented storage. All three of them experienced relational database scalability issues when developing web applications at their company. Both realized they were solving horizontal scalability problems again. MongoDB Inc.

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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. .”

Data 205
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Jiko banks $40M in Series B funding to offer companies a way to park their cash in T-bills

TechCrunch

But over time, the fintech startup has evolved its model – mostly fueled by demand – and is now making a push into corporate money storage. million since its 2016 inception. Jiko started its life as a mobile bank for consumers. In 2020, Jiko made headlines by being the first fintech to acquire a nationally regulated U.S.

Banking 230
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Austin-based Fetch Package secures $60M in equity & debt after tripling ARR in 2020

TechCrunch

Michael Patton founded Fetch in May 2016 after being frustrated by having packages lost at the apartment community in which he was living. . “I We expect e-commerce delivery volume to continue to grow for the foreseeable future and Fetch is the only scalable solution available to multifamily operators,” he said. .

Retail 249
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Build generative AI applications quickly with Amazon Bedrock IDE in Amazon SageMaker Unified Studio

AWS Machine Learning - AI

Creating a function In this section, you will create a function that will interact with Amazon API Gateway to query the database, which then forwards requests to the Lambda function that retrieves data from Amazon Simple Storage Service (Amazon S3) and processes SQL queries using Amazon Athena.

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Rapyd raises $300M on $8.75B valuation as fintech-as-a-service continues to boom

TechCrunch

. “At the end of the day there are five things on planet earth for financial services, whether you are a bank or a mom-and-pop shop: payment collection, money dispersing, funds storage, card issuing and foreign exchange. From these you can build endless capabilities,” he said. ”

Fintech 287