Fengate Leads $1.8 Billion Investment to Amplify eStruxtures Growth
📅 - TORONTO AND MONTREAL, CANADA June 19, 2024 Amid soaring global demand for data storage and the processing of vast amounts of digital information, Fengate Asset Management (Fengate) and eStruxture Data Centers (eStruxture) are pleased to announce the completion of a groundbreaking $1.8 billion CAD transaction, setting a new standard for innovation and growth in the Canadian technology sector.
The record-breaking investment is the single biggest to ever be made in the Canadian data center sector and marks a pivotal moment in eStruxtures strategic growth. The investment will enable the expansion of eStruxtures portfolio of 15 state-of-the-art facilities nationwide to meet the demand for data [...][... Check source for end of article ...]
📅 - Cato Networks Surpasses $200M, Doubles ARR in Less Than Two Years - "IT security is broken, and enterprises are turning to Cato to fix it," said Shlomo Kramer, co-founder and CEO at Cato Networks. "A proliferation of point solutions and appliances has created a fragmented IT security market. Enterprises are faced with unmanageable complexity and a drain on precious resources, including people, dollars, and time. Cato is leading the IT security industry into a new era, where a single, cloud-native platform converging networking and IT security provides power and simplicity unmatched by the legacy patchwork of tools and vendors."
The IT security industry is rapidly moving from security appliances and cloud proxies to converged SASE platforms. Many legacy [...]
📅 - D-Wave Expands Quantum AI Roadmap to Tackle AI/ML Workloads - D-Wave Quantum, provider of quantum computing systems, software, and services, is making strides to bridge the gap between quantum optimization, artificial intelligence (AI), and machine learning (ML). The company is expanding its product development roadmap with significant enhancements to its Leap quantum cloud service, aiming to introduce advanced Quantum AI solutions to the market.
This strategic move is designed to assist customers in addressing a variety of AI/ML workloads, such as pre-training optimization, more efficient and accurate model training, and unlocking new business use cases that integrate AI and business optimization, like quantum supply chain optimization to support [...]
📅 - Ceramic-based Storage Firm Secures Investment from Pure Storage - Cerabyte, a pioneer in ceramic-baseddata storage solutions, has announced a strategic investment from advanced data storage platform provider, Pure Storage. This investment aims to enable sustainable and immutable data storage solutions, advancing Cerabytes mission to preserve digital records indefinitely.
Alongside this investment, John (Coz) Colgrove, Founder and Chief Visionary Officer of Pure Storage, has joined Cerabytes Board of Directors.
Cerabyte's technology focuses on storing data virtually forever, using ceramic-based storage methods to maintain digital records for future use. This partnership with Pure Storage, known for delivering the industry's most advanced data storage [...]
📅 - Marvell Addresses Cloud Data Center Memory Challenges - Global semiconductor solutions vendorMarvell Technology(NASDAQ: MRVL) has launched its groundbreaking Structera product line, which leverages Compute Express Link (CXL) technology to address significant challenges in memory bandwidth and capacity withincloud data centers. This new product line aims to enhance the efficiency and scalability of general-purpose servers, particularly for memory-intensive applications.
In modern data centers, operators would frequently add servers to achieve higher memory bandwidth and capacity for demanding applications. However, this approach may lead to underutilized compute capabilities, resulting in inefficiencies in cost and power consumption. The CXL [...]
📅 - Extreme Networks and Intel Enhance AI in Network Management Solutions - Extreme Networks has announced a strategic alliance with the Intel Connectivity Analytics Program to enhance the AI capabilities of its Extreme AI Expert solution, currently in a technology preview phase within Extreme Labs. This collaboration aims to optimize network performance, enhance security threat detection, personalize user experiences, and reduce operational costs, thanks to Intels innovative Connectivity Analytics SDK and Generative AI (GenAI).
As the proliferation of client devices across network environments continues to grow, the need for improved visibility and simplified management from data centers to network edges would become increasingly critical. The partnership [...]
📅 - ClickHouse Acquires PeerDB to Enhance Real-Time Data Analytics - ClickHouse, renowned for its high-speed real-time analytical database, has announced the acquisition of PeerDB, a specialist in change data capture (CDC) solutions for Postgres databases. This strategic move highlights ClickHouses dedication to enhancing real-time analytics and data integration for its clients. Financial terms were not disclosed.
PeerDB's CDC technology is designed to significantly reduce the time required to link data from transactional databases like Postgres to analytical platforms such as ClickHouse. This integration aims to boost developer productivity and accelerate the development of real-time data-driven applications. By incorporating PeerDB's technology into [...]
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