APPLICATION INFRASTRUCTURE,IT SYSTEMS MANAGEMENT
Sync Computing | August 18, 2022
Sync Computing, a deep tech, cloud infrastructure optimization company, today announced its $15.5M Series A funding, led by Costanoa Ventures, with support from existing investors The Engine, Moore Strategic Ventures, and National Grid Partners. As part of this latest fundraise, Sync has also received the vote of confidence and funding support from angel investors Satyen Sangani, CEO and co-founder of Alation; Ron Avnur, formerly with Google, MongoDB, and Dremio; and Rebecca Li, formerly with Databricks. Harnessing the power of mathematical optimization, Sync automatically orchestrates and provisions cloud infrastructure to achieve cost and runtime goals with one click. This radically transforms the way developers navigate and control their cloud footprint for data and machine learning workloads.
Alongside its Series A, Sync also announced today the public API launch for its Apache Spark Autotuner, which enables data engineers to automatically apply optimization solutions across all of their data jobs. Already field-tested with large enterprise customers such as Duolingo, the world's #1 language learning platform serving more than 40 million monthly active users, the Autotuner has gotten traction across engineering teams at global leaders Disney and multiple other Fortune 500 companies. Matt Weingarten, data engineer at Disney Streaming Services, shared in this post: “For data engineers who are tired of trying to figure out their optimal Spark configurations by trial and error, I definitely recommend Sync Computing’s Autotuner tool. It’s worked for our team, and I want to make sure this application gets the recognition it deserves.”
Initially launched as a self-serve product for Amazon EMR and Databricks on AWS infrastructure, the Sync Autotuner for Apache Spark has been expanded with the release of the public API. It not only enables data engineering teams to programmatically apply Autotuner’s intelligence to all of their jobs, but it also allows users to enable continuous monitoring and alerts through custom integration with AWS EMR or Databricks.
Amalgam Insights, in a recent Preferred Vendor profile in the Amalgam Insights SmartList, recommends that organizations spending at least $100,000 a month or a minimum of $1.2 million per year on Amazon Web Services should consider Sync Computing as a cloud cost and optimization vendor candidate. The analyst firm further explains that “Sync’s proprietary and unique approach to cloud optimization and the implementation of these recommendations provides an opportunity to increase savings or performance above and beyond what is possible in the market at large.”
“We are excited to be bringing Sync Computing into our portfolio of companies rethinking infrastructure for data, machine learning and artificial intelligence,” said Tony Liu, partner at Costanoa Ventures. “Sync’s seasoned cloud and data veterans are building something that hasn’t been done before, using a novel method steeped in deep mathematics. Sync Computing is flipping the cloud infrastructure world on its head.”
“Amid fears of an impending economic recession, now more than ever, cloud computing costs are under the microscope. Companies are in urgent need to curb cloud spend and quickly increase their efficiency without hiring new people or driving the burden upon their team. “Sync empowers data-driven companies to do more on the cloud with less. We could not be more thrilled about our latest round of investment and the continued confidence in our team to drive innovation in the cloud ecosystem.”
Jeff Chou, co-founder and CEO of Sync Computing
Spun out of MIT Lincoln Laboratory by Jeff Chou and Suraj Bramhavar, Activate Fellows (Cohort 2020) supported by DARPA’s Microsystems Technology Office, and MIT Startup Exchange Accelerator veterans, Sync’s technology empowers organizations who run thousands of data pipelines daily to automatically optimize low-level compute resources to make running the cloud easier, faster, and cheaper. A Gartner Cool Vendor in the Augmented Data Management category, Sync has been steadily growing its team, counting over a dozen experienced engineers from IBM, Intel, Cloudability/Apptio, Microsoft, and Netflix, and globally respected academic institutions such as MIT, Berkeley, and Harvard.
About Sync Computing
Sync Computing is the first company to harness the power of mathematical optimization to radically enhance the way developers control cloud infrastructure to achieve business goals for data and machine learning workloads.
Options | July 29, 2022
Options Technology, the leading Capital Markets services provider, today announced the achievement of VMware Cloud Verified status in their Park Royal Data Center.
The accomplishment follows the VMware Cloud Provider Principal Partner Status awarded to the firm last year, along with Cloud Verified status at LHC, LD4 and NY5 sites.
Cloud Verification assures that a partner is validated to expertly deliver cloud Infrastructure-as-a-Service across VMware’s best-in-class network, storage, and compute solutions to meet individual client needs specifically.
VMware Cloud Verified partner services enable customers to achieve unmatched levels of consistency, performance, and interoperability for traditional and containerised enterprise applications with the confidence the service received is based on the most advanced VMware cloud technologies.
“We are delighted to announce the addition of Park Royal to our growing portfolio of cloud solutions and Options’ third VMware Cloud Verified status in recent months.
Options President and CEO Danny Moore
Today’s news not only validates the rapid expansion of services across our global backbone but Options’ unique position as the partner of choice in the delivery of holistic, flexible, and resilient cloud strategy for clients.”
Today’s news comes as the latest in a series of strategic announcements for Options, including its seventh Microsoft Gold Partner status, hosting capabilities in Aruba IT3 Bergamo, and the launch of its Quantify and Data Store products.
In 2019, Options received investment from Boston-based Private Equity Firm Abry Partners. This investment has enabled Options to accelerate its growth strategy and develop its technology platform while expanding its global reach in key financial centres.
Options Technology is the No. 1 provider of IT infrastructure to global Capital Markets firms, supporting their operations and ecosystems.
Founded in 1993, the firm began life as a hedge fund technology services provider. Today, the company provides high-performance managed trading infrastructure and cloud-enabled managed services to over 550 firms globally, providing an agile, scalable platform in an Investment Bank-grade Cybersecurity wrapper.
About Abry Partners
Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since its founding in 1989, the firm has completed over $82 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across their active funds.
IT SYSTEMS MANAGEMENT
Lumen | July 13, 2022
Lumen Technologies is investing in its global Edge network and expanding its Edge Computing Solutions into Europe, providing the low latency platform businesses need to extend their high-bandwidth, data-intensive applications out to the cloud edge. This expansion is part of Lumen's continued investment in next-generation solutions that transform digital experiences and meet the demands of today's global businesses.
"Edge computing is a game-changer. It will drive the next wave of business innovation and growth across virtually all industries. "Customers in Europe can now tap into the power of the Lumen platform, underpinned by Lumen's extensive fiber footprint, to deploy data-heavy applications and workloads that demand ultra-low latency at the cloud edge. This delivers peak performance and reliability, as well as more capability to drive amazing digital experiences. Customers can focus efforts on developing applications and bringing them to market, rather than on time-consuming infrastructure deployment."
Annette Murphy, regional president, EMEA and APAC, Lumen Technologies
Today, Lumen Edge Computing Solutions can meet approximately 70% of enterprise demand within 5 milliseconds of latency in the UK, France, Germany, Belgium, and the Netherlands. Additional locations are planned by end of year. Lumen Edge Computing Solutions bring together the power of the company's expansive global fiber network, on-demand networking, integrated security, and managed services, with edge facilities and compute and storage services. This allows for quick and efficient deployment of applications and workloads at the edge, closer to the point of digital interaction. Customers can procure Lumen Edge Computing Solutions online, and within an hour gain access to high-powered computing infrastructure on the Lumen platform.
Lumen offers several edge infrastructure and services solutions to support enterprise innovation and applications of the 4th Industrial Revolution. These include:
Lumen Edge Bare Metal offers dedicated, pay-as-you-go server hardware hosted in distributed locations and connected to the Lumen global fiber network. Edge Bare Metal delivers enhanced security and connectivity with dedicated, single tenancy servers designed to isolate and protect data and deliver high-performance.
Lumen Network Storage enables customers to take advantage of secure, scalable, and fast storage where and when they need it. The service allows enterprises and public sector organizations to ingest and update data at the edge using whatever file storage protocol meets their needs.
Lumen Edge Private Cloud provides pre-built infrastructure for high performance private cloud computing connected to the Lumen global fiber network. Lumen Edge Private Cloud is fully managed by Lumen and helps businesses go-to-market quickly with the capacity needed for interaction-intensive applications.
Lumen Edge Gateway is a scalable Multi-access Edge Compute (MEC) platform for the premises. The service offers a compute platform for the delivery of virtualized wide area networking (WAN), security, and IT applications from multiple vendors on the premises edge.
Lumen Edge Computing Solutions meet approximately 97% of U.S. enterprise demand and approximately 70% of enterprise demand in the UK, France, Germany, Belgium, and the Netherlands within 5 milliseconds of latency.
For a current list of live and planned Lumen edge locations, visit: https://www.lumen.com/en-uk/resources/network-maps.html#edge-roadmap
As part of the Edge Computing Solutions deployment in Europe, Lumen enabled an additional 100G MPLS and IP network connectivity, as well as increased power and cooling at key edge data center locations.
Lumen manages and operates one of the largest, most connected, most deeply peered networks in the world. It is comprised of approximately 500,000 (805,000 km) global route miles of fiber and more than 190,000 on-net buildings, seamlessly connected to 2,200 public and private third-party data centers and leading public cloud service providers.
In EMEA, the Lumen network is comprised of approximately 42,000 (67,000 km) route miles of fiber and connects to more than 2,500 on-net buildings and 540 public and private third-party data centers.
About Lumen Technologies and the People of Lumen:
Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 500,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences.