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Vast Data lands $118M to grow its data storage platform for AI workloads

TechCrunch

Vast Data, to make an obvious pun, is raising vast sums of cash. The New York-based startup, which provides a scale-out, unstructured data storage solution designed to eliminate tiered storage (i.e.

Storage 265
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11:11 Systems: Empowering enterprises to modernize, protect, and manage their IT assets and data

CIO

They are intently aware that they no longer have an IT staff that is large enough to manage an increasingly complex compute, networking, and storage environment that includes on-premises, private, and public clouds. At 11:11, we offer real data on what it will take to migrate to our platform and achieve multi- and hybrid cloud success. “At

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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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Gartner projects major IT spending increases for 2025

CIO

growth this year, with data center spending increasing by nearly 35% in 2024 in anticipation of generative AI infrastructure needs. Data center spending will increase again by 15.5% in 2025, but software spending — four times larger than the data center segment — will grow by 14% next year, to $1.24 trillion, Gartner projects.

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EnCharge AI emerges from stealth with $21.7M to develop AI accelerator hardware

TechCrunch

EnCharge AI , a company building hardware to accelerate AI processing at the edge , today emerged from stealth with $21.7 Speaking to TechCrunch via email, co-founder and CEO Naveen Verma said that the proceeds will be put toward hardware and software development as well as supporting new customer engagements.

Hardware 216
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Cloud storage startup Wasabi raises $250M to reach unicorn status

TechCrunch

Two at the forefront are David Friend and Jeff Flowers, who co-founded Wasabi, a cloud startup offering services competitive with Amazon’s Simple Storage Service (S3). Wasabi, which doesn’t charge fees for egress or API requests, claims its storage fees work out to one-fifth of the cost of Amazon S3’s.

Storage 224
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10 most in-demand enterprise IT skills

CIO

Python Python is a programming language used in several fields, including data analysis, web development, software programming, scientific computing, and for building AI and machine learning models. Job listings: 90,550 Year-over-year increase: 7% Total resumes: 32,773,163 3. As such, Oracle skills are perennially in-demand skill.

UI/UX 203