Tencent to Invest $70 Billion in 'New Infrastructure'

Tencent | May 26, 2020

Tencent to Invest $70 Billion in 'New Infrastructure'
Tencent is best-known for its WeChat messaging app and a range of popular games but is aiming to expand into business services as consumer internet growth slows and companies shift number-crunching from their own computers to the cloud. Tencent shares were 2.5% higher following the announcement. Tencent has said while cloud businesses suffered amid the COVID-19 outbreak it expected to see accelerated cloud services and enterprise software adoption from offline industries and public sectors over the longer term. "Expediting the 'new infrastructure' strategy will help further cement virus containment success," Guangming Daily quoted Tong as saying. Tencent Cloud had 18% of China's cloud market in the fourth quarter, trailing Alibaba Group Holding Ltd which commanded 46.4%, according to research firm Canalys.

Spotlight

Virtualization, cloud computing, massive growth in unstructured data, transaction volumes, and applications and demands for energy efficiency are all driving datacenters to rethink how IT resources should be deployed. Many enterprises are transforming their IT infrastructure from multiple independent datacenters to an Infrastructure-as-a-Service (IaaS) model, in which shared pools of compute and storage are made available to end-users on a self-service basis.

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Chadwell will be responsible for managing SoftIron's flagship HyperDrive and HyperSwitch product families

prnewswire | September 29, 2020

SoftIron Ltd., the leader in purpose-built and performance-optimized data center solutions, today announced the appointment of Craig Chadwell to the role of Vice President of Product to lead the company's product strategy. Chadwell, who joins SoftIron from Lenovo, will be responsible for managing SoftIron's flagship HyperDrive® storage, HyperSwitch networking, and HyperCast transcoding product families, and identifying and developing new product opportunities for SoftIron.

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APPLICATION INFRASTRUCTURE

Sofant Technologies, a 5G and Satellite Phased Array Antenna Manufacturer Raises £740k in Oversubscribed Funding Round led by EMV Capital

Sofant Technologies | April 29, 2021

Sofant Technologies has finished a follow-on raise money of £740,000 in an oversubscribed top-up financing round drove by funding financial backer EMV Capital. They raise support expands on a year ago's £2.3m pre-arrangement A round for the Edinburgh-based 5G and satellite interchanges receiving wire engineer. Cooperation in the round included key existing financial backers, including Kelvin Capital and the Scottish Investment Bank. Reflecting solid developments throughout the year, the financing round incorporates a cost for every offer inspires of 40% in under one year since its last speculation round in July 2020. Sofant is at present profiting from a worldwide rush of speculation to overhaul broadband satellite correspondence frameworks. The organization likewise hopes to profit by the rollout of high band 5G networks across the UK and the remainder of the world. It intends to utilize this new subsidizing to grow its group, as the organization speeds up its framework combination with satellite network administrators and other last clients. Sofant is the UK's chief in radio recurrence microelectromechanical frameworks (RF MEMS)- based receiving wires for satellite and 5G telecoms frameworks. The organization's exclusive, profoundly proficient licensed radio technology stage furnishes the UK and Europe with a local, industry-driving technology answer for a few significant difficulties confronting remote correspondence frameworks. In satellite interchanges and 5G, its technology lessens the force utilization of electronically filtered radio wire exhibits by over 70%, with lower creation and upkeep costs contrasted with other arising arrangements. Since the 2020 venture round, Sofant has created developing industry acknowledgment, with help from worldwide makers and development accomplices. Sofant has as of late employed a CFO to help them scale-up up business exercises inside the business. Among Sofant's development programs are model receiving wire clusters subsidized by the European Space Agency. EMV Capital is a funding financial backer zeroed in on B2B organizations in the healthcare, supportability, and industrials areas. EMVC's interests in UK, Israel, and the US cover a scope of advances including mechanical technology and AI, AI, materials science, IoT, progressed designing, powerful hardware, and wellbeing tech. Sofant CEO David Wither said, "Our designing group keeps on gaining huge headway on the development of our center technology stage. We have additionally gained incredible headway in the development of a biological system of corporate accomplices who will assume key parts in the commercialization of Sofant's problematic, low-power radio wire technology. "This top-up venture will assist the organization with finishing a few activities in front of our forthcoming arrangement A subsidizing round." Dr. Ilian Iliev, Managing Director of EMV Capital remarked, "Since our underlying venture, we have seen the Sofant group gain fast headway in this deliberately essential technology for the UK's telecoms area." "In the outcome of COVID-19, store network solidification and key unwavering quality have become a critical need for Western governments. Sofant is very much situated to give this local, solid accomplice in building protected, dependable, and quick network frameworks." About Sofant Technologies Sofant Technologies is a main edge radio technology organization situated in Edinburgh. The organization is applying its restrictive RF MEMS technology to build up a very low force, a minimal effort stage that takes care of force utilization and warmth issues in 5G and satellite interchanges radio wire frameworks. Sofant utilizes a fabless semiconductor plan of action which empowers it to use since a long time ago settled high volume, ease creation techniques. This positions Sofant to offer its clients game-changing execution with ensured adaptability and minimal effort. About EMV Capital EMV Capital Ltd (EMVC) is a London-put-together Honor-winning financial backer centered with respect to B2B organizations in the healthcare, maintainability, and industrials areas. EMVC's interests in UK, Israel, and the US cover a scope of advances including mechanical technology and AI, AI, materials science, IoT, progressed designing, power gadgets, and Health-Tech. EMVC's model is to build up a redid venture system for each organization, joining its network of financial backers from Family Offices, Wealth Managers, Institutional VC financial backers, and Corporate VC reserves. EMVC perceives the advantages of corporate commitment for beginning phase technology organizations, with EMVC's group having driven and organized speculations close by a portion of the world's driving enterprises. Where fitting, EMVC can help organizations quickly track their speculation preparation through its environment of counselors and specialist co-ops.

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IT SYSTEMS MANAGEMENT

Prisma Cloud Adds Multi-Cloud Drift Detection to Bridgecrew to Help Organizations Keep Cloud Infrastructure Aligned and Secure

Palo Alto Networks | August 31, 2021

Palo Alto Networks announced that Bridgecrew by Prisma Cloud has added Multi-Cloud Drift Detection to identify and flag discrepancies between how cloud resources were defined in infrastructure as code (IaC) and how they are currently configured in runtime. With misconfigurations a leading cause of cloud breaches, Drift Detection helps improve cloud security posture and enables teams to effectively manage IT infrastructure (GitOps). The initial deployment of Drift Detection supports Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. According to Gartner, "Through 2025, more than 99% of cloud breaches will have a root cause of preventable misconfigurations or mistakes by end users."1 While DevSecOps helps keep misconfigurations to a minimum by codifying and enforcing security policies, out-of-band changes are inevitable because of maintenance, incident response tasks and ad hoc changes these out-of-band changes are known as drift. Regardless of why drift occurs, being able to detect and address it when it does is crucial to maintaining GitOps practices and mitigating cloud risk. "The most effective way to avoid misconfigurations is by adopting infrastructure as code and making all changes through git and a secure continuous integration/continuous delivery (CI/CD) pipeline. That way, misconfigurations are identified and fixed in code before they're provisioned," said Idan Tendler, vice president of DevSecOps, Prisma Cloud at Palo Alto Networks. "However, even organizations that follow GitOps best practices have 'break glass' emergencies where operations teams need to make quick changes to cloud resources directly in production that can result in drift. Detecting this drift is one of the keys to maintaining a secure cloud infrastructure." Bridgecrew Drift Detection is powered by the company's latest open source project Yor, which automatically tags IaC templates with attribution and ownership details as well as a unique ID that gets carried across to cloud resources. Drift Detection builds on top of Yor's code-to-cloud tracing abilities by alerting developers when a drift occurs and allowing them to automatically fix it straight from the Bridgecrew platform. Because of the visibility and control that Drift Detection allows, it is an important critical capability for any organization that is shifting security left and embracing DevSecOps. About Bridgecrew Bridgecrew by Prisma Cloud is the developer-first cloud DevSecOps platform that enables teams to automate infrastructure security throughout the development lifecycle. With support for infrastructure as code (IaC) scanning, security-as-code fixes, and native developer tools integrations, Bridgecrew shifts security left and makes it accessible to developers. About Palo Alto Networks Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before.

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Spotlight

Virtualization, cloud computing, massive growth in unstructured data, transaction volumes, and applications and demands for energy efficiency are all driving datacenters to rethink how IT resources should be deployed. Many enterprises are transforming their IT infrastructure from multiple independent datacenters to an Infrastructure-as-a-Service (IaaS) model, in which shared pools of compute and storage are made available to end-users on a self-service basis.