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...

Velocix unveils new hyperscaling video analytics platform

Video Streaming

Video streaming supplier Velocix has launched a cloud-native video analytics platform, called Velocix Analytics, designed for pay TV providers.

The platform is built to provide insights into streaming efficiency as well as audience quality of experience and behaviour.

In practice, this means data is collected at each step in the content delivery workflow by tapping into CDNs, origin servers, and ad insertion platforms.

Jim Brickmeier, chief marketing and...

Cloud computing market to reach £1.17 trillion by 2030

Clouds from space

The global cloud services market is expected to garner £1.17 trillion by 2030, a 398% increase over its 2019 value of £235 billion.

This is accoring to a report by Allied Market Research (AMR), which predicts a combined annual growth rate (CAGR) of 15.8% from 2021 to 2030.

One key takeaway from the report is that cost effectiveness is the most important factor driving the global cloud market. AMR claims that deployment of cloud services can cut more than 35% of...

Unlocking the value of data in the cloud in challenging times

An image of a cloud on a circuit board.

In today’s post-pandemic operations, leaders are under increasing pressure to make decisions at speed and scale — and collaborate in real-time to adapt to change. A recent report revealed a whopping 89% of UK business leaders said without leveraging the cloud, running their businesses in the pandemic would have been impossible.

Despite this trend, many companies are still struggling to leverage their data in the cloud, limiting their progress to reach their full potential....

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...

Cloud account compromises costs organisations £4.5m annually

An open padlock.

The average cost of cloud account compromises reached $6.2 million (£4.5m) over a 12-month period according to more than 600 IT and IT security professionals in the US.

This finding is the most revealing of many from a new report on ‘The Cost of Cloud Compromise and Shadow IT’ released by Proofpoint, a cybersecurity and compliance company, and the Ponemon Institute, an IT security research organisation.

Of the respondents, 68% believe cloud account takeovers present...

SaaS is the way – and the way is SaaS: Exploring new market moves

SaaS (software as a service) is not a new term and has shown continued adoption and growth year on year since the term first appeared fifteen years ago, with its commonality and mass adoption only growing over time. With its innate scalability and flexibility, SaaS took advantage of the new public cloud market. Today we find ourselves at a time where SaaS is taking over the cloud computing market and according to Bloomberg, public cloud platforms, business services, and applications (SaaS)...

AWS launches Amazon FinSpace to muscle in on financial services cloud offerings

Amazon Web Services (AWS) has launched Amazon FinSpace, an industry cloud offering aimed squarely at helping finance organisations efficiently prepare and analyse data.

The purpose-built analytics service 'aggregates, catalogues, and tags data across an organisation's data silos', enabling the data to be easily searchable across the entire company. This is achieved, in part, through a purpose-built managed Apache Spark analytics engine, with more than 100 'data transformations'...

Vodafone extends Google Cloud relationship to build ‘industry-first global data platform’

Vodafone is to use Google Cloud to build a new data platform and migrate its SAP workloads - in an extension of the companies' partnership and another key telecoms use case.

The two companies will jointly build the platform 'with the added capability of processing and moving huge volumes of data globally from multiple systems into the cloud', the press materials noted. Vodafone will host its SAP environment, as well as 'all big data and business intelligence workloads' on Google...

Five leading trends of database innovation: Cloud-native, self-driving, and more

In the wake of the pandemic, one trend that emerged is the need for digitalisation, and this will continue – and even grow – in the future. And, while it’s still not clear exactly what that actual economic impact of Covid-19 will be, IDC predicts that the digital economy will accelerate to counter this. The firm predicts that over 65% of APAC GDP is expected to be digitalised between 2020 and 2023 and spending will hit US$ 1.2 trillion.

As businesses – and even economies...