Metanautix has received $7 million in initial funding from Sequioa Capital, the Stanford University Endowment Fund and Shiva Shivakumar, a former VP of engineering at Google. The company plans to release its first product for general availability before the end of 2014. At present, there are half a dozen beta customers using the software, with the largest being Hewlett-Packard.
Nokia surprised investors with strong quarterlyearnings and raised its full-year profit margin forecast as network operators install more powerful systems to cope with surging mobile data traffic.
Companies based outside the European Union must meet Europe's data protection rules, ministers agreed on Friday, although governments remain divided over how to enforce them on companies operating across the bloc.
Business intelligence software provider SiSense said it expects sales to triple in 2014, boosted by soaring demand from small- and medium-sized businesses seeking to analyze growing amounts of data.
China's top search engine Baidu Inc has hired GoogleInc's former artificial intelligence (AI) chief Andrew Ng to spearhead research in a field that promises to show Internet companies how to maximize use of their vast data trove.
Attensity, a company that identifies conversation on social media and other channels, is infused with $90 million in equity financing by an undisclosed international private equity fund.
Predixion Software, a leading developer of predictive analytics software, today announced two new members of its executive team. Costa Harbilas joined the company as senior vice president of global sales and will lead the direct, channel and technical sales teams around the globe.
StackStorm, specialized in data center maintenance, allows one person to effectively manage thousands of servers opposed to hundreds.
New York, US-based web performance monitoring firm Catchpoint Systems will be foraying into China and Russia, based on the pathway provided by their clients, indicating that Asia Pacific and Russia are the emerging markets in the industry.
Mountain View, US-based search giant Google will shell out $207.7 million (€150 million) to expand its data center in Dublin Ireland to beef up its revenue generation through its cloud services.
San Francisco, US-based large media storage startup Streem raised $875,000 in seed funding from Y Combinator, 500 Startups, and other angel investors to provide unlimited cloud storage for their customers at $20 per month.
Burbank, US-based SaaS (Software-as-a-Service) database startup Connectivity secured $6.3 million in its Series A funding from Greycroft Partners, Rincon Venture Partners, Double M Partners, and other investors to release a new platform with additional features.
St. Petersburg-based HealBe engages crowdfunding goers at Indiegogo.com for GoBe earning $1,084,311 Tuesday, with the original goal set at $100,000.
California-based Pure Storage, specialized in speedy flash-storage boxes for data centers, gobbles up $225 million in their series D round from Investors.
US-based game developers' platform Unity Technologies added San Francisco, California-based predictive analytics startup Playnomics for an undisclosed amount to step out of game engine into the game services sector.
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