Data storage company Cloudian launches a new edge analytics subsidiary called Edgematrix

Cloudian, a company that enables businesses to store and manage massive amounts of data, announced today the launch of Edgematrix, a new unit focused on edge analytics for large data sets. Edgematrix, a majority-owned subsidiary of Cloudian, will first be available in Japan, where both companies are based. It has raised a $9 million Series […] Continue reading Data storage company Cloudian launches a new edge analytics subsidiary called Edgematrix

India’s Reliance Jio inks deal with Microsoft to expand Office 365, Azure to more businesses; unveils broadband, blockchain, and IoT platforms

India’s Reliance Jio, which has disrupted the local telecom and features phone businesses in less than three years of existence, is now ready to aggressively foray into many more businesses with the help of global giants including Microsoft. In a series of announcements, the subsidiary of India’s largest industrial house Reliance Industries today said it […] Continue reading India’s Reliance Jio inks deal with Microsoft to expand Office 365, Azure to more businesses; unveils broadband, blockchain, and IoT platforms

Alibaba to help Salesforce localize and sell in China

Salesforce, the 20-year-old leader in customer relationship management (CRM) tools, is making a foray into Asia by working with one of the country’s largest tech firms, Alibaba. Alibaba will be the exclusive provider of Salesforce to enterprise customers in mainland China, Hong Kong, Macau, and Taiwan, and Salesforce will become the exclusive enterprise CRM software […] Continue reading Alibaba to help Salesforce localize and sell in China

InCountry raises $15M for its cloud-based private data storage-as-a-service solution

The rise of data breaches, along with an expanding raft of regulations (now numbering 80 different regional regimes, and growing) have thrust data protection — having legal and compliant ways of handling personal user information — to the top of the list of things that an organization needs to consider when building and operating their […] Continue reading InCountry raises $15M for its cloud-based private data storage-as-a-service solution

A 23-year-old B2B company has shown how keen India is for tech IPOs

Away from the limelight of the press and the frenzy of fundraising, a tech startup in India has achieved a feat that few of its peers have managed: going public. IndiaMART, the country’s largest online platform for selling products directly to businesses, raised nearly $70 million in a rare tech IPO for India this week. […] Continue reading A 23-year-old B2B company has shown how keen India is for tech IPOs

$3 million hack of Bangladesh ATMs was by Russian group called Silence, researchers say

A small Russian hacking group should be considered the main suspect in a bank heist of $3 million in Bangladesh, according to research published Wednesday. The group, which researchers are calling “Silence,” appears to have softened up access controls on Dutch Bangla Bank ATMs before money mules made a series of cash withdrawals ending on May 31, according to Group-IB, an international security vendor with headquarters in Singapore. Infrastructure used in the past by Silence hackers communicated with external IPs from Dutch Bangla Bank in the months prior to the cash extractions, Group-IB said. By abusing access to the banking system, Silence could have removed withdrawal limits on the ATMs. The money mules were caught on security cameras. Local law enforcement officials previously said the crooks might be connected with Lazarus Group, a cybercrime organization linked to North Korea, according to local news reports. Lazarus is the same hacking team that was blamed for trying to steal nearly $1 […]

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Cathay Innovation leads Laiye’s $35M round to bet on Chinese enterprise IT

For many years, the boom and bust of China’s tech landscape have centered around consumer-facing products. As this space gets filled by Baidu, Alibaba, Tencent, and more recently Didi Chuxing, Meituan Dianping, and ByteDance, entrepreneurs and investors are shifting attention to business applications. One startup making waves in China’s enterprise software market is four-year-old Laiye, […] Continue reading Cathay Innovation leads Laiye’s $35M round to bet on Chinese enterprise IT

SaaS data protection provider Druva nabs $130M, now at a $1B+ valuation, acquiring CloudLanes

As businesses continue to move more of their computing and data to the cloud, one of the startups that has made a name for itself as a provider of cloud-based solutions to protect and manage those IT assets has raised a big round of funding to build its business. Druva, which provides software-as-a-service-based data protection, […] Continue reading SaaS data protection provider Druva nabs $130M, now at a $1B+ valuation, acquiring CloudLanes

Postman raises $50 million to grow its API development platform

Postman, a five-year-old startup that is attempting to simply development, tests, and management of APIs through its platform, has raised $50 million in a new round to scale its business. The Series B for the startup, that began its journey in India, was led by CRV and included participation from existing investor Nexus Venture Partners […] Continue reading Postman raises $50 million to grow its API development platform

LinkedIn to shutter Chitu, its Chinese-language app, in July, redirects users to LinkedIn in Chinese

LinkedIn has long eyed China as an important country to offset slowing growth in more mature markets. But now it’s calling time on a localized effort after failing to see it pick up steam. The company has announced that it will be shutting down Chitu — a Chinese-only app it had built targeting younger people […] Continue reading LinkedIn to shutter Chitu, its Chinese-language app, in July, redirects users to LinkedIn in Chinese