ThoughtSpot passes $4bn valuation after $100m Series F funding

Man thinking

ThoughtSpot, a cloud data analytics start-up, has raised $100 million (£74m) in Series F funding to reach a new valuation of $4.2 billion (£3.1bn).

This latest valuation is more than double the company’s previous valuation of $1.95 billion (£1.45bn) two years ago after its Series E round. In the years between, ThoughtSpot underwent a major transformation into a cloud-first company which, evidently, shows to have paid off.

Last year the company launched its first...

Calgary to see $4.3bn in investment from new Amazon Web Services hub

Calgary, Alberta

Calgary, Canada’s fourth largest city, is set to receive billions of dollars of investment over the next two decades as Amazon Web Services (AWS) sets up its second Canadian cloud server hub in the area.

The data centre will see $4.3 billion (£2.55bn) of investment and create 950 direct and indirect jobs throughout Canada by 2037.

Alberta’s Premier Jason Kenney has described the investment as a “game-changer” and “the largest technology investment in...

Alibaba data centres to expand throughout Asia in 2022

Map of Asia

Alibaba is expanding its cloud business within Asia as it plans to open data centres in South Korea and Thailand in 2022.

The Chinese e-commerce giant has previously been focused on other countries in the region, such as Singapore and the Philippines, where it was competing with major US providers Amazon and Microsoft.

Already the biggest cloud provider in China, Alibaba data centres abroad help businesses in those countries to access Alibaba’s cloud services, whilst...

Cloud computing firm OVHcloud experiences network outage ahead of IPO

Octave Klaba

French cloud computing company, OVHcloud, has experienced a network outage on October 13, just two days before it was due to launch one of the country’s largest initial public offerings of 2021.

The firm’s founder and chairman, Octave Klaba, said the downtime was caused by "human error" while one of its US-based datacentres was being reconfigured.

He said: "A wrong configuration of the router caused the network to fail," adding that OVHcloud was able to restore the...

Amazon Web Services to build first New Zealand data centre by 2024

Auckland, New Zealand

Amazon Web Services (AWS) plans to launch its first data centre region in New Zealand by 2024.

Part of a NZ$7.5 billion (£3.9bn) investment strategy in the country over the next fifteen years, the data centre will form the bulk of Amazon’s new AWS Asia Pacific Region.

The infrastructure hub will be owned and operated by a local AWS entity in New Zealand, and enable developers, startups, government, and other organisations to use data centres located within the...

OVHcloud seeking €400m in Euronext IPO before year’s end

Data Centre

Cloud storage provider OVHcloud is looking to raise €400 million (£343m) in a Paris IPO that would bring its valuation close to €4 billion.

The French firm will be listed on the Euronext stock exchange by the end of 2021.

OVHcloud needs the IPO to finance its competition with major cloud providers like Amazon Web Services and Microsoft Azure.

This is especially the case in the European cloud market, which is expected to grow even faster than the already...

Ransomware mitigation sees focus from AWS, Azure, Google Cloud

Ransomware mitigation strategies have become an increasingly important aspect of major cloud providers’ offering following the pandemic.

In recent weeks, Amazon Web Services (AWS), Microsoft Azure and Google Cloud have all published articles recommending mitigation tactics and best practice in the event of a ransomware attack.

A ransomware attack occurs when company files are encrypted and money is demanded in exchange for the decryption key and the maintained privacy...

How containers can become a vital part of the architect’s toolkit

A wrench with spanners.

Much has been made of the quickening pace of digital transformation globally, as IT departments feel increasingly empowered to boost organisational agility, efficiency, and innovation. Yet less has been said of the role containerisation has played in supporting this acceleration. Containers enable greater flexibility and scalability where developer teams need it the most. However, many still find them to be a challenge. It’s easy to run into problems with containers due to their numerous...

61% of cloud infrastructure comes from AWS, Microsoft or Google

Spending on cloud infrastructure grew by more than a third from Q1 to Q2 this year, according to the latest research from analytics firm Canalys.

Following the release of Amazon Web Services’ (AWS) earnings, which made up 31% of global cloud infrastructure spending, it has been confirmed that total industry spending for this year’s second quarter sat at $47 billion (£33.8bn).

Bezos’ cloud platform now boasts an annualised revenue of $59bn (£42.4bn), making it...

IBM finalises hybrid cloud consulting company takeover

A dog in a cardboard box.

IBM has confirmed it plans to acquire BoxBoat Technologies, a premier DevOps consultancy and enterprise Kubernetes certified service provider. 

BoxBoat will extend IBM's container strategy and implementation services portfolio to further advance IBM's hybrid cloud strategy and accelerate Red Hat OpenShift adoption globally.

The heart of hybrid

John Granger, senior VP, Hybrid Cloud Services at IBM, said: "Our clients require a cloud architecture that allows...