Home > News > Trending news > Ex Coinbase Executives Raise $5.3 Million to Launch Scale3 Labs, an Open DevOps & Telemetry Platform for Web3 Infrastructure

Hyper-Converged Infrastructure, Application Infrastructure

Ex Coinbase Executives Raise $5.3 Million to Launch Scale3 Labs, an Open DevOps & Telemetry Platform for Web3 Infrastructure

Scale3 Labs | October 07, 2022 | Read time : 02:00 min

Scale3 Labs
Scale3 Labs, a web3 infrastructure company, today announced a $5.3M seed round led by Redpoint Ventures, with participation from Mysten Labs and Howard University.

Operating nodes is extremely complicated with technical know-how being a must. When a problem occurs with a node, the operator must be able to remedy the situation quickly, otherwise time and money are lost. As the number of nodes continues to increase, it's clear that constant monitoring and insight into node performance are critical. Scale3’s inaugural product, Autopilot, aims to simplify and automate the process of standing up, monitoring and upgrading blockchain nodes, assisting node operators to reduce the overall cost of operations. Autopilot leverages open source tooling to provide node operators with blockchain node and network telemetry, community intelligence, and ecosystem specific insights.

“We know first-hand, the challenges of operating and managing node infrastructure at scale. “We are bringing our experience and knowledge to solve this problem and are leveraging best practices and best in class open source tools to reduce the total cost of operations for the industry.”

Karthik Kalyanaraman, CTO of Scale3

Beyond the data and analytics of running nodes, Scale3 is adding monitoring and observability layers via a dashboard that helps node operators to glean information regarding the blockchain community they work within as well as the tooling necessary to manage node upgrades seamlessly.

“Observability in web2 provides an incredibly valuable service. Scale3 has stepped up to provide a solution for the web3 community at a critical time,” said Investor at Redpoint, Urvashi Barooah. “The Scale3 team has expertise building observability tooling from their time at Coinbase, and now they are moving quickly to productize it for a broader market.”

The company plans to use the funding to accelerate development for its suite of web3 tools for blockchain node and network telemetry.

“We are building the web3 observability and monitoring platform for blockchain nodes and networks,” said Ola Muse, CEO of Scale3. “The DevOps for blockchain nodes are a challenge for every node operator, including exchanges, custodians, L1 foundations, staking providers, and node infrastructure providers. We have decades of infrastructure experience and are tackling this problem by building the much-needed standards and tools into our platform to simplify blockchain network and node operations.”

“Simplifying the operational processes associated with maintaining blockchain nodes is key to ensuring the smooth, reliable and scalable operation of decentralized networks,” said Chief Product Officer of Mysten Labs Adeniyi Abiodun. “We are pleased to partner with Scale3 and bring its powerful node monitoring and management tools to the Sui ecosystem.”

Scale3 Autopilot already supports the Sui blockchain network from Mysten Labs and plans to expand support for additional leading blockchain networks in Q4 2022.

About Scale3 Labs
Scale3 Labs is a web3 infrastructure company building developer tools, starting with the monitoring and observability tech stack for blockchain networks and nodes, using the best in class open source software. The team is composed of leading backend infrastructure and distributed systems engineers with years of infrastructure and blockchain experience at Coinbase, Microsoft, Dropbox, VMWare, HP and Consensys.

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Hyper-Converged Infrastructure, Application Storage

Broadcom Delivers Industry-Leading Cloud Technology To Enterprise Data Centers

globenewswire | July 28, 2023

Broadcom Inc. (NASDAQ:AVGO) today announced delivery of the new Broadcom Trident 4-X7 Ethernet switch ASIC— a 4.0 Terabits/second fully programmable switch designed for enterprise data center ToR (Top of Rack) boxes. The Trident 4-X7 offers native support for 400G connectivity to the next-generation spine/fabric technologies, which are making their way from the cloud into enterprise data centers. This new device offers greater performance and features, while cutting power per 100G port by more than half versus the current generation solution. The Trident 4-X7 also offers hardware features for analytics, diagnostics and telemetry that cloud customers can use to automate their data center operations. These features will greatly improve reliability, while reducing operational costs. Also, Trident 4-X7 is fully programmable and can be upgraded in the field to support new data center requirements. This is imperative for the longer enterprise life cycles that necessitate the highest level of future-proofing for longer platform lifetime and investment protection. “Broadcom has made huge investments in addressing the needs of our cloud customers,” said Ram Velaga, senior vice president and general manager, Core Switching Group, Broadcom. “We are also uniquely positioned to bring all of these cloud technologies into enterprise data centers. Enterprise customers can now take advantage of the same capabilities and innovations.” As the enterprise market enters a new upgrade phase with their spine networks migrating to 400G, the next generation of enterprise data centers will immensely benefit from the Trident 4-X7. The SerDes and port speeds provided by the Trident 4-X7 will support the next generation of servers as AI/ML workloads expand into enterprise data centers. The chip also supports Enterprise SONiC and SAI to promote rapid and seamless integration into data center operations networks. Trident 4-X7 Key Benefits Doubles bandwidth, while reducing power by more than half compared to current generation Forwarding and policy scales greatly increased over the current generation to support ever-expanding network sizes High-performance enterprise ToR with support for 50G or 100G to the server and 400G connectivity to the spine/fabric A fully programmable switch, allowing powerful new feature additions without any need for hardware changes Investment protection with a long time horizon for enterprise data centers that will need to track innovations developed for the cloud segment Availability About Broadcom Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom’s category-leading product portfolio serves critical markets including data center, networking, enterprise software, broadband, wireless, storage and industrial. Our solutions include data center networking and storage, enterprise, mainframe and cybersecurity software focused on automation, monitoring and security, smartphone components, telecoms and factory automation.

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Application Storage, Data Storage

PingCAP Launches TiDB Serverless, a Cutting-Edge Solution to Optimize Application Development and Performance

Globenewswire | July 07, 2023

PingCAP announced the introduction of TiDB Serverless, its newest offering of TiDB, the company’s open-source, distributed SQL database. As a fully-managed, autonomous database-as-a-service (DBaaS), TiDB Serverless delivers reliable scalability for developers who want to free themselves from manual database tasks, such as sharding. TiDB Serverless offers key advancements to PingCAP’s leading database architecture and provides developers with time-saving features, including Auto Elasticity - TiDB Serverless automatically scales hundreds of nodes up and down to meet critical workloads in real-time. It enables separate scaling for storage and compute, allowing autonomous scalability of nodes without manual sharding—so development teams can focus on what’s next. TiDB Serveless maintains the ACID properties of data transactions. Fully-Managed Operations - With built-in auto failover and self-healing to ensure continuous operations, multiple availability zones (Zs) are used to duplicate data, increasing overall resilience and prevention of failures. TiDB Serverless performs daily data backups, increasing safety measures and facilitating data recovery if necessary. TiDB Serverless also ensures auto-failover, minimizing downtime and guaranteeing business continuity. Usage-Based Pricing - Lower overall infrastructure costs by only paying for the data processing and storage you use. TiDB Serverless eliminates the need for manual intervention by abstracting the underlying infrastructure and automatically adjusts to changing workloads. TiDB Serverless guarantees that developers only pay for the resources they actually need. AI-Assisted Enhancements - New features such as Chat2Query, powered by OpenAI’s ChatGPT3, allow developers to generate SQL queries on the fly, increasing overall developer productivity. The service provides real-time insights into dynamic datasets, allowing developers to analyze and explore more data at a faster rate. The service ensures developers make smarter business decisions by providing timely and relevant information. "Enter a new era of seamless scalability with our revolutionary TiDB Serverless," stated Max Liu, CEO of PingCAP. "This innovative product represents a significant milestone for PingCAP, offering developers exceptional flexibility and scalability. TiDB Serverless will drive growth and empower organizations to achieve significant improvements in database management. We are excited for developers to explore its endless opportunities while benefiting from unmatched efficiency." For the first 5 clusters in an organization, TiDB Serverless will provide free usage up to 5GB of row storage, 5GB of column storage, and 50 million Request Units (RUs). Please review TiDB Serverless Pricing Details for an in-depth pricing breakdown. Thought leaders from PingCAP will discuss key advancements to TiDB in a TiDB Serverless launch webinar on Monday, July 10, at 10 a.m. PT. To register for the webinar, please sign up here. About PingCAP PingCAP is the company behind TiDB, the most advanced, open source, distributed SQL database. TiDB powers modern applications with a streamlined tech stack, elastic scaling, real-time analytics, and continuous access to data—all in a single database. With these advanced capabilities, growing businesses can focus on the future instead of complex data infrastructure management. Some of the world’s largest companies across technology, financial services, travel, Web3, and gaming trust TiDB to handle their business-critical workloads.

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Hyper-Converged Infrastructure, Storage Management

Digital Realty Announces Joint Venture of Stabilized Hyperscale Data Centers in Chicago

Digital Realty | July 19, 2023

Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it has partnered with GI Partners to establish a joint venture for the sale of a 65% interest in two stabilized hyperscale data center buildings and their associated equipment in the Chicago metro area. Digital Realty will receive approximately $743 million of gross proceeds related to the joint venture and the associated financing, and will maintain a 35% interest in the joint venture while continuing to manage the day-to-day operations of the assets, providing a seamless customer experience. Digital Realty has also granted GI Partners an option to purchase an interest in the third facility on the same hyperscale data center campus. "With Digital Realty's unmatched global footprint and the attractive fundamental outlook for the data center sector, we are pleased with the strong institutional demand for our high-quality facilities," said Digital Realty Chief Investment Officer Greg Wright. "This transaction further diversifies Digital Realty's sources of capital and enhances our capital efficiency, in support of our strategic priorities. We are pleased to partner with a data center investor of GI Partners' caliber on this initial joint venture and we look forward to the continued execution on our capital plan for 2023." Digital Realty originally acquired the facilities in 2017 through its merger with DuPont Fabros. The two data centers contributed to the joint venture contain approximately 67 megawatts of IT capacity and are 90% occupied in aggregate, primarily by investment grade customers. Based on annualized in-place cash NOI at June 30, 2023 and the benefit of leases signed but not yet commenced, the transaction values the two facilities at approximately a 6.5% cap rate. Net proceeds will be used to pay down debt and for general corporate purposes. About Digital Realty Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers with a secure data "meeting place" and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 27 countries on six continents.

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Application Infrastructure

Penguin Solutions Certified as NVIDIA DGX-Ready Managed Services Partner

Business Wire | September 28, 2023

Penguin Solutions™, an SGH™ brand (Nasdaq: SGH) that designs, builds, deploys, and manages AI and accelerated computing infrastructures at scale, today announced that it has been certified by NVIDIA to support enterprises deploying NVIDIA DGX™ AI computing platforms under the NVIDIA DGX-Ready Managed Services program. NVIDIA DGX systems are an advanced supercomputing platform for large-scale AI development. The NVIDIA DGX-Ready Managed Services program gives customers the option to outsource management of DGX systems deployed in corporate data centers, including the implementation and monitoring of server, storage, and networking resources required to support DGX platforms. Generative AI requires a completely new computing infrastructure compared to traditional IT, said Troy Kaster, vice president, commercial sales at Penguin Solutions. These new computing infrastructures require services skills, which Penguin is uniquely qualified to support given our extensive experience partnering with some of the largest companies in AI. As a full-service integration and services provider, Penguin has the capabilities to design at scale, deploy at speed, and provide managed services for NVIDIA DGX SuperPOD solutions. Penguin has designed, built, deployed, and managed some of the largest AI training clusters in the world. Penguin currently manages over 50,000 NVIDIA GPUs for Fortune 100 customers including Meta’s AI Research SuperCluster – with 2,000 NVIDIA DGX systems and 16,000 NVIDIA A100 Tensor Core GPUs – one of the most powerful AI training clusters in the world. “AI is transforming organizations around the world, and many businesses are looking to deploy the technology without the complexities of managing infrastructure,” said Tony Paikeday, senior director, DGX platform at NVIDIA. “With DGX-Ready Managed Services offered by Penguin Solutions, our customers can deploy the world’s leading platform for enterprise AI development with a simplified operations model that lets them tap into the leadership-class performance of DGX and focus on innovating with AI.” Advantages of Penguin Solutions powered by NVIDIA DGX include: Design large-scale AI infrastructure combining the most recent DGX systems, ultra-high speed networking solutions, and cutting-edge storage options for clusters tailored to customer requirements Manage AI infrastructure making the most of multiple layers of recent hardware and software, such as acceleration libraries, job scheduling and orchestration Reduce risk associated with investments in computing infrastructure Optimize efficiency of AI infrastructure with best-in-class return on investment. About Penguin Solutions The Penguin Solutions™ portfolio, which includes Penguin Computing™, accelerates customers’ digital transformation with the power of emerging technologies in HPC, AI, and IoT with solutions and services that span the continuum of edge, core, and cloud. By designing highly-advanced infrastructure, machines, and networked systems we enable the world’s most innovative enterprises and government institutions to build the autonomous future, drive discovery and amplify human potential.

Read More

Hyper-Converged Infrastructure, Application Storage

Broadcom Delivers Industry-Leading Cloud Technology To Enterprise Data Centers

globenewswire | July 28, 2023

Broadcom Inc. (NASDAQ:AVGO) today announced delivery of the new Broadcom Trident 4-X7 Ethernet switch ASIC— a 4.0 Terabits/second fully programmable switch designed for enterprise data center ToR (Top of Rack) boxes. The Trident 4-X7 offers native support for 400G connectivity to the next-generation spine/fabric technologies, which are making their way from the cloud into enterprise data centers. This new device offers greater performance and features, while cutting power per 100G port by more than half versus the current generation solution. The Trident 4-X7 also offers hardware features for analytics, diagnostics and telemetry that cloud customers can use to automate their data center operations. These features will greatly improve reliability, while reducing operational costs. Also, Trident 4-X7 is fully programmable and can be upgraded in the field to support new data center requirements. This is imperative for the longer enterprise life cycles that necessitate the highest level of future-proofing for longer platform lifetime and investment protection. “Broadcom has made huge investments in addressing the needs of our cloud customers,” said Ram Velaga, senior vice president and general manager, Core Switching Group, Broadcom. “We are also uniquely positioned to bring all of these cloud technologies into enterprise data centers. Enterprise customers can now take advantage of the same capabilities and innovations.” As the enterprise market enters a new upgrade phase with their spine networks migrating to 400G, the next generation of enterprise data centers will immensely benefit from the Trident 4-X7. The SerDes and port speeds provided by the Trident 4-X7 will support the next generation of servers as AI/ML workloads expand into enterprise data centers. The chip also supports Enterprise SONiC and SAI to promote rapid and seamless integration into data center operations networks. Trident 4-X7 Key Benefits Doubles bandwidth, while reducing power by more than half compared to current generation Forwarding and policy scales greatly increased over the current generation to support ever-expanding network sizes High-performance enterprise ToR with support for 50G or 100G to the server and 400G connectivity to the spine/fabric A fully programmable switch, allowing powerful new feature additions without any need for hardware changes Investment protection with a long time horizon for enterprise data centers that will need to track innovations developed for the cloud segment Availability About Broadcom Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom’s category-leading product portfolio serves critical markets including data center, networking, enterprise software, broadband, wireless, storage and industrial. Our solutions include data center networking and storage, enterprise, mainframe and cybersecurity software focused on automation, monitoring and security, smartphone components, telecoms and factory automation.

Read More

Application Storage, Data Storage

PingCAP Launches TiDB Serverless, a Cutting-Edge Solution to Optimize Application Development and Performance

Globenewswire | July 07, 2023

PingCAP announced the introduction of TiDB Serverless, its newest offering of TiDB, the company’s open-source, distributed SQL database. As a fully-managed, autonomous database-as-a-service (DBaaS), TiDB Serverless delivers reliable scalability for developers who want to free themselves from manual database tasks, such as sharding. TiDB Serverless offers key advancements to PingCAP’s leading database architecture and provides developers with time-saving features, including Auto Elasticity - TiDB Serverless automatically scales hundreds of nodes up and down to meet critical workloads in real-time. It enables separate scaling for storage and compute, allowing autonomous scalability of nodes without manual sharding—so development teams can focus on what’s next. TiDB Serveless maintains the ACID properties of data transactions. Fully-Managed Operations - With built-in auto failover and self-healing to ensure continuous operations, multiple availability zones (Zs) are used to duplicate data, increasing overall resilience and prevention of failures. TiDB Serverless performs daily data backups, increasing safety measures and facilitating data recovery if necessary. TiDB Serverless also ensures auto-failover, minimizing downtime and guaranteeing business continuity. Usage-Based Pricing - Lower overall infrastructure costs by only paying for the data processing and storage you use. TiDB Serverless eliminates the need for manual intervention by abstracting the underlying infrastructure and automatically adjusts to changing workloads. TiDB Serverless guarantees that developers only pay for the resources they actually need. AI-Assisted Enhancements - New features such as Chat2Query, powered by OpenAI’s ChatGPT3, allow developers to generate SQL queries on the fly, increasing overall developer productivity. The service provides real-time insights into dynamic datasets, allowing developers to analyze and explore more data at a faster rate. The service ensures developers make smarter business decisions by providing timely and relevant information. "Enter a new era of seamless scalability with our revolutionary TiDB Serverless," stated Max Liu, CEO of PingCAP. "This innovative product represents a significant milestone for PingCAP, offering developers exceptional flexibility and scalability. TiDB Serverless will drive growth and empower organizations to achieve significant improvements in database management. We are excited for developers to explore its endless opportunities while benefiting from unmatched efficiency." For the first 5 clusters in an organization, TiDB Serverless will provide free usage up to 5GB of row storage, 5GB of column storage, and 50 million Request Units (RUs). Please review TiDB Serverless Pricing Details for an in-depth pricing breakdown. Thought leaders from PingCAP will discuss key advancements to TiDB in a TiDB Serverless launch webinar on Monday, July 10, at 10 a.m. PT. To register for the webinar, please sign up here. About PingCAP PingCAP is the company behind TiDB, the most advanced, open source, distributed SQL database. TiDB powers modern applications with a streamlined tech stack, elastic scaling, real-time analytics, and continuous access to data—all in a single database. With these advanced capabilities, growing businesses can focus on the future instead of complex data infrastructure management. Some of the world’s largest companies across technology, financial services, travel, Web3, and gaming trust TiDB to handle their business-critical workloads.

Read More

Hyper-Converged Infrastructure, Storage Management

Digital Realty Announces Joint Venture of Stabilized Hyperscale Data Centers in Chicago

Digital Realty | July 19, 2023

Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it has partnered with GI Partners to establish a joint venture for the sale of a 65% interest in two stabilized hyperscale data center buildings and their associated equipment in the Chicago metro area. Digital Realty will receive approximately $743 million of gross proceeds related to the joint venture and the associated financing, and will maintain a 35% interest in the joint venture while continuing to manage the day-to-day operations of the assets, providing a seamless customer experience. Digital Realty has also granted GI Partners an option to purchase an interest in the third facility on the same hyperscale data center campus. "With Digital Realty's unmatched global footprint and the attractive fundamental outlook for the data center sector, we are pleased with the strong institutional demand for our high-quality facilities," said Digital Realty Chief Investment Officer Greg Wright. "This transaction further diversifies Digital Realty's sources of capital and enhances our capital efficiency, in support of our strategic priorities. We are pleased to partner with a data center investor of GI Partners' caliber on this initial joint venture and we look forward to the continued execution on our capital plan for 2023." Digital Realty originally acquired the facilities in 2017 through its merger with DuPont Fabros. The two data centers contributed to the joint venture contain approximately 67 megawatts of IT capacity and are 90% occupied in aggregate, primarily by investment grade customers. Based on annualized in-place cash NOI at June 30, 2023 and the benefit of leases signed but not yet commenced, the transaction values the two facilities at approximately a 6.5% cap rate. Net proceeds will be used to pay down debt and for general corporate purposes. About Digital Realty Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers with a secure data "meeting place" and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 27 countries on six continents.

Read More

Application Infrastructure

Penguin Solutions Certified as NVIDIA DGX-Ready Managed Services Partner

Business Wire | September 28, 2023

Penguin Solutions™, an SGH™ brand (Nasdaq: SGH) that designs, builds, deploys, and manages AI and accelerated computing infrastructures at scale, today announced that it has been certified by NVIDIA to support enterprises deploying NVIDIA DGX™ AI computing platforms under the NVIDIA DGX-Ready Managed Services program. NVIDIA DGX systems are an advanced supercomputing platform for large-scale AI development. The NVIDIA DGX-Ready Managed Services program gives customers the option to outsource management of DGX systems deployed in corporate data centers, including the implementation and monitoring of server, storage, and networking resources required to support DGX platforms. Generative AI requires a completely new computing infrastructure compared to traditional IT, said Troy Kaster, vice president, commercial sales at Penguin Solutions. These new computing infrastructures require services skills, which Penguin is uniquely qualified to support given our extensive experience partnering with some of the largest companies in AI. As a full-service integration and services provider, Penguin has the capabilities to design at scale, deploy at speed, and provide managed services for NVIDIA DGX SuperPOD solutions. Penguin has designed, built, deployed, and managed some of the largest AI training clusters in the world. Penguin currently manages over 50,000 NVIDIA GPUs for Fortune 100 customers including Meta’s AI Research SuperCluster – with 2,000 NVIDIA DGX systems and 16,000 NVIDIA A100 Tensor Core GPUs – one of the most powerful AI training clusters in the world. “AI is transforming organizations around the world, and many businesses are looking to deploy the technology without the complexities of managing infrastructure,” said Tony Paikeday, senior director, DGX platform at NVIDIA. “With DGX-Ready Managed Services offered by Penguin Solutions, our customers can deploy the world’s leading platform for enterprise AI development with a simplified operations model that lets them tap into the leadership-class performance of DGX and focus on innovating with AI.” Advantages of Penguin Solutions powered by NVIDIA DGX include: Design large-scale AI infrastructure combining the most recent DGX systems, ultra-high speed networking solutions, and cutting-edge storage options for clusters tailored to customer requirements Manage AI infrastructure making the most of multiple layers of recent hardware and software, such as acceleration libraries, job scheduling and orchestration Reduce risk associated with investments in computing infrastructure Optimize efficiency of AI infrastructure with best-in-class return on investment. About Penguin Solutions The Penguin Solutions™ portfolio, which includes Penguin Computing™, accelerates customers’ digital transformation with the power of emerging technologies in HPC, AI, and IoT with solutions and services that span the continuum of edge, core, and cloud. By designing highly-advanced infrastructure, machines, and networked systems we enable the world’s most innovative enterprises and government institutions to build the autonomous future, drive discovery and amplify human potential.

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