Storage news ticker – March 22
After running its IPO, Astera Labs saw its shares, initially priced at $36/share, soar by 72 percent on March 20, closing at $62.03. This surge in share price valued the company at $10.4 billion,...
View ArticleQuantum faces Nasdaq delisting again over stock price woes
Quantum stock price has been below the $1 mark on Nasdaq for more than 30 days and, as such, it was sent a letter by Nasdaq requesting it regain compliance. The data manager has been dealing with an...
View ArticleSyniti shines in structured data lifecycle management
Syniti is a structured data lifecycle management supplier – with a focus on enterprise applications such as SAP and Salesforce – and not a file lifecycle management supplier. As such, it occupies a...
View ArticleStorage news ticker – March 27
DataStax has integrated with Microsoft’s Semantic Kernel to help developers build retrieval-augmented generation (RAG) applications and vectorize data with Astra DB and Semantic Kernel’s extensible...
View ArticleObserve secures $115 million Series B funding on back of high growth
Startup Observe has raised a $115 million B-round for its SaaS-based observability service following 171 percent ARR growth in its latest fiscal year. Observability and application performance...
View ArticleDatabricks rolls out open source GenAI LLM
Lakehouse supplier Databricks has launched the DBRX GenAI large language model (LLM). It says DBRX lets customers build, train, and serve their own custom LLMs more cheaply, without having to rely on a...
View ArticleStarburst points to scale-up in AI and hybrid cloud with senior hires
Enterprise data management vendor Starburst, which bills itself as “the open lakehouse,” has brought in a number of seasoned data veterans to help it scale up. Steven Chung has been named as president,...
View ArticleIPO looming – again – for Rubrik
Bloomberg reported over Easter that Rubrik is prepping an IPO and could file papers with the SEC this week. This follows a Reuters report in February that the Bipul Sinha-led business was planning an...
View ArticleBusiness continuity in war time: Is it even possible?
Ravit Sadeh, Senior Director of Product Management at Israel-based CTERA Comment War isn’t a snapshot in time. It’s a relentless storm that tests every part of a person, every part of a company. Weeks,...
View ArticleIBM revamps storage product brand names for clarity
Big Blue has embarked upon a feast of rebadging, in hopes of communicating more clearly what its various product lines do. Back in 2015, IBM had instituted a Spectrum prefix for its many storage...
View ArticleDataStax acquires Langflow to boost LLM development
DataStax is buying Langflow, a large language model (LLM) development pipeline startup, to make building LLMs using proprietary data easier. DataStax supplies its Astra DB database with vector...
View ArticlePrecisely says it’s smoothing migration of Db2 analytics data to AWS cloud
Precisely says its Precisely Connect data integration solution now brings together Amazon Relational Database Service (Amazon RDS) and IBM Db2 (Database 2) database workloads. This is intended to...
View ArticleDeep-seated issues delay Cirata growth
Cirata, the successor to crashed WANdisco, has reported decreased revenues and increased losses for 2023. WANdisco supplied replication-based Data Integration (DI) and DevOps/Application Lifecycle...
View ArticleDatacenter storage system market declines 7%, says analyst
While the total global datacenter infrastructure market for 2023 managed some growth, the data storage and server segments showed major declines, according to a report from analyst house Dell’Oro...
View ArticleStorage news ticker – April 9
Apache released Airflow 2.9, the latest version of the popular open source project, a data orchestration tool with more than 12 million monthly downloads and 33,000 GitHub stars. Airflow 2.9 brings...
View ArticleStorage news ticker – April 11
Reuters reports that AWS has lost an S3 and Dynamo DB patent infringement case brought by Kove IO. The jury awarded Kove $525 million. The case took place in an Illinois federal court and was initiated...
View ArticleVeritas spinout set to innovate as Cohesity acquires key divisions
Interview: With Cohesity acquiring much of the Veritas data protection business, the residual company will already be highly profitable, taking half a billion dollars a year, employing more than 1,500...
View ArticleQStar Technologies targets expanding tape archive needs
QStar Technologies, the provider of “active archive” software for tape libraries, is expanding the reach of stored data with the launch of its QStar Global ArchiveSpace offering. The technology is a...
View ArticleQuantum sells service inventory assets for $15 million
Quantum, beset by financial accounting issues, has realized $15 million by selling “certain service inventory assets” to an unnamed partner that will now provide third party logistics and asset...
View ArticleRubrik’s IPO to raise up to $713 million
Rubrik reportedly plans to sell 23 million shares in its upcoming IPO. The shares will be priced between $28 and $31 each according to Reuters, with gross proceeds estimated at between $644 million and...
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