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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

According to Synergy Group , an IT market research firm, Amazon, Microsoft and Google together held a 65% share of the global cloud services market as of Q2, up 61% year-over-year. 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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Gartner projects major IT spending increases for 2025

CIO

Device spending, which will be more than double the size of data center spending, will largely be driven by replacements for the laptops, mobile phones, tablets and other hardware purchased during the work-from-home, study-from-home, entertain-at-home era of 2020 and 2021, Lovelock says. Samuel agrees with Gartner’s projections, however.

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Wasabi scores $112M Series C on $700M valuation to take on cloud storage hyperscalers

TechCrunch

Taking on Amazon S3 in the cloud storage game would seem to be a fool-hearty proposition, but Wasabi has found a way to build storage cheaply and pass the savings onto customers. Wasabi storage starts at $5.99 He sees his company as the typical kind of market irritant. “The business has just been exploding.

Storage 218
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NeuReality lands $35M to bring AI accelerator chips to market

TechCrunch

AI that generates images, text and more), is supercharging the AI inferencing chip market. But the competition, while fierce, hasn’t scared away firms like NeuReality , which occupy the AI chip inferencing market but aim to differentiate themselves by offering a suite of software and services to support their hardware.

Marketing 239
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Is VMware really becoming the new mainframe?

CIO

They should also look for exit strategies for other market-dominant IT products they use, given that Broadcom has seen early success with VMware, he says. at market close on Feb. VMware now has several competitors in the virtualization space, with more than 30 server virtualization vendors listed in a recent Gartner market guide.

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Energy Dome uses CO2 for long-term power storage for solar energy

TechCrunch

Longer-term energy storage is a drag, and a lot of battery tech has been focusing on “how quickly can we charge these batteries so I can drive my EV for another couple of hundred miles.” It points out that this is a fast-growing market segment, not well served by existing battery technologies.

Energy 248