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DigitalOcean acquires cloud computing startup Paperspace for $111M in cash
TechCrunch
·
2y ago
Medial
Cloud hosting company DigitalOcean has announced its acquisition of Paperspace, a cloud computing and AI development startup, for $111 million in cash. The integration of Paperspace's infrastructure and tools with DigitalOcean's offerings will provide customers with enhanced capabilities for testing, developing, and deploying AI applications. Paperspace customers will also gain access to DigitalOcean's cloud services, including databases, storage, app hosting, and support. This acquisition expands DigitalOcean's portfolio, catering to SMBs and startups with simplified AI and machine learning solutions.
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Adobe acquires Indian generative AI startup Rephrase.ai
Economic Times
·
1y ago
Medial
Adobe has acquired Bengaluru-based startup Rephrase.ai, which specializes in AI-powered video creation. The acquisition will enable Adobe to integrate Rephrase's generative AI video capabilities into its Creative Cloud platform, offering enhanced video content tools to its customers. This marks Adobe's first entry into the generative AI and video-tooling space and the first acquisition of an Indian startup by the company. The deal includes a complete cash exit for Rephrase's investors and the majority of the team joining Adobe. The exact deal size has not been disclosed.
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Consumer cloud computer maker Selligion Technologies raises Rs 5Cr from Malpani Ventures
IndianStartupNews
·
2y ago
Medial
Selligion Technologies, a consumer cloud computer manufacturer, secures funding of Rs. 5cr from Malpani Ventures. The Indian startup specializes in developing cloud-based computing solutions for consumers. With the recent funding injection from Malpani Ventures, Selligion Technologies aims to further advance its product offerings, scale its operations, and strengthen its position in the market.
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China's Alibaba Cloud rolls out price cuts of up to 55% on cloud products
Economic Times
·
1y ago
Medial
Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba, has announced a second large-scale price adjustment, reducing the prices of its cloud service products by an average of 20%. The price discount will go up to 55% for over 100 core cloud products and will be implemented immediately. This move aims to remain competitive in the cloud computing market and attract more customers.
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UK to publish provisional report on cloud computing in January
Economic Times
·
8m ago
Medial
The UK's competition regulator, the CMA, has revised the timetable for its cloud computing investigation. Instead of releasing the provisional findings this month, they will be published in January. The final decision will be made in July. This investigation is focused on the dominance of Amazon's AWS, Microsoft's Azure, and Google Cloud Platform in the cloud computing market.
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Amazon's AWS to invest $15 billion to expand cloud computing in Japan
Economic Times
·
1y ago
Medial
Amazon's cloud computing arm, Amazon Web Services (AWS), is planning to invest $1.5 billion to expand its cloud infrastructure services in Japan. This investment is aimed at meeting the increasing demand for cloud services in the country and enhancing the reliability and speed of the services provided by AWS. With this move, Amazon is looking to solidify its position in the Japanese market and capitalize on the growing demand for cloud computing solutions.
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Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal
TechCrunch
·
2y ago
Medial
Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far.
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Rackspace Technology aims to double revenue growth in India as AI adoption increases
Economic Times
·
1y ago
Medial
San Antonio-based cloud computing company, Rackspace Technology, is targeting a revenue growth of twice its current rate in India over the next two years. With the increasing adoption of artificial intelligence and the growing demand for private cloud services in the country, Rackspace plans to establish a new data center specifically for its private cloud offerings. India's booming startup ecosystem and the rise in AI adoption by businesses provide significant growth opportunities for the company. Rackspace aims to assist Indian customers in their digital transformation journey through cloud and AI solutions.
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Ghost Kitchens acquires Ahmedabad-based Shy Tiger Brands
Economic Times
·
1y ago
Medial
Ghost Kitchens, a cloud kitchen startup, has acquired Ahmedabad-based cloud kitchen firm Shy Tiger Brands as part of its expansion strategy in Gujarat. Shy Tiger operates five multi-brand cloud kitchens in Ahmedabad and has an annualized revenue run rate of Rs 5 crore. By acquiring Shy Tiger, Ghost Kitchens aims to scale the acquired brands and expand its presence in Ahmedabad and the Gujarat market. Ghost Kitchens previously raised $5 million in funding and has made other acquisitions, including gourmet cloud kitchen Speak Burgers. The company plans to expand its business and revenues over the coming years.
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Exostellar raises $15M to help companies optimize their cloud spend
TechCrunch
·
1y ago
Medial
Ithaca-based startup Exostellar has raised $15 million in a Series A funding round led by Celesta and Cambium Capital, valuing the company at $40 million. Exostellar's software optimizes cloud computing costs by dynamically allocating and moving workloads between the cheapest cloud infrastructure. It watches factors like spot instance pricing to predict when instances might be shut down and shifts workloads accordingly. The company plans to expand its platform to other cloud providers like Azure and Google Cloud and introduce support for GPU instances.
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How to get your startup a loan with one easy computer part
The Verge
·
1m ago
Medial
CoreWeave, a cloud computing startup, has secured a $2.3 billion loan using Nvidia’s H100 GPUs as collateral. Initially founded for Ethereum mining, CoreWeave pivoted in 2019 to focus on cloud infrastructure. Its rapid growth coincides with the AI boom, supported by Nvidia and a significant contract with Microsoft. The company faces high risks, relying heavily on demand for Nvidia chips amid fierce competition and potential geopolitical and supply chain challenges.
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