Kinetica, provider of the fast in-memory database accelerated by GPUs, has raised $6 million. Kinetic is selling to the government sector – the company helped the US Army Intelligence and Security Command to track terrorist and other national security threats in real time, producing instant results while visualizing insights across more than 200 sources of streaming datasets. The data warehouse acceleration market is forecast to grow at a compound annual growth rate (CAGR) 23%. Brute force approach of throwing more CPU computing power at the BI problems doesn’t scale up and hasn’t for a very long time. Three data warehouse acceleration technologies are currently emerging and much of the necessary knowledge, infrastructure and experience are already in place, though not widely. These technologies are in-memory computing, FPGA (field-programmable gate arrays) and GPGPU (general-purpose computing on graphics processing units).
Spying costs, in a big way. Booz Allen Hamilton Inc., McLean, Virginia (HHM402-15-D-0014), one of the largest Intelligence Community IT contractors and former employer of Edward Snowden, was awarded a five-year time and materials task order with a maximum ceiling value of $268,000,000 if all options are exercised. The task order is incrementally funded, with $796,000 funded in fiscal 2016. The task order will provide infrastructure engineering and operation services to support Defense Intelligence Agency and Intelligence Community information technology requirements under the previously awarded Enhanced Solutions for the Information Technology Enterprise (E-SITE), multiple award, indefinite-delivery/indefinite-quantity contract vehicle. Work will be performed in the National Capital Region and other locations worldwide. The task order was solicited via the E-SITE contract vehicle, and five proposals were received. The five-year ordering period is expected to expire in July 2020. The Virginia Contracting Activity, Washington, District of Columbia, is the contracting activity.
Government IT & Intelligence Markets:
Context Brokering Market
Data Warehouse Market
Decoy (Honeypot) Network Market
Deep Packet Inspection (DPI): U.S. Government Market
DevOps & Microservice Ecosystem Market
Government Cloud Computing Markets
Quantum Computing Market
U.S. Federal Cloud Computing Market
U.S. Federal Cybersecurity Market
U.S. Federal IT Business Continuity and Disaster Recovery Market
U.S. Federal IT Market Forecast
U.S. Government Wireless Voice and Data Market
Worldwide Defense High Performance Computing (HPC) Market
Worldwide High Performance Computing (HPC) Market
Salesforce has dropped a bomb by announcing Einstein AI service that collects and analyzes all the data stored in Salesforce to push out recommendations, so the user can close deals faster or build a larger group of leads. It happened just a few weeks before its Dreamforce event and hours before Oracle OpenWorld tech conference.
What is the significance of this announcement?
This is the first time the AI-powered platform available for mass user in cross-industry wide CRM application. IBM’s Watson is for big battalions only. Salesforce Einstein is for regular grunts. Rephrasing Neil Armstrong it’s one small step for business, one giant leap for AI.
Salesforce move will likely kill a drove of small startup companies providing lead recommendation analytics, some of the financed by Salesforce, like 6sense, Lattice, Mintigo, etc.
At the OpenWorld conference in San Francisco Larry Ellison proclaimed “Amazon’s lead is over”, referring to Amazon’s sprouting cloud computing infrastructure known as AWS. Throwing down the gauntlet, Oracle’s CEO went to elaborate that “Amazon’s going to have serious competition going forward”. Oracle is launching Oracle Dense Cloud IO bare metal cloud server platform that includes 36 CPU cores, 512GB of D-RAM, and 28.8TB of SSD storage, all that computing power at a flat rate of $5.40 an hour.
There is no doubt that Oracle is capable to squeeze out Amazon out of a few lucrative segments of the cloud computing market and steal some market share. Oracle and its leadership have all it takes for aggressive market move – reputation, resources, technology and better connections in government markets. Yet Oracles lacks one thing that ultimately made Amazon so successful in the cloud space. Amazon is a developer-community oriented company with a focus on individual user, SOHO and SME segments. Amazon is keen to keep its pricing model flat and simple and its open-end infrastructure, user-friendly and accessible for an average computer literate Joe. On the other hand Oracle has a long tradition of complex and ambiguous licensing agreements, focus on large government/corporate customers and closed-end systems. Winning the market from downstairs may prove more difficult than Larry Ellison perceives and Amazon is already there with lock, stock and barrel.
There is an another aspect of Oracle gunning for Amazon, in doing so Oracle will inevitably cannibalize its own highly lucrative markets. Shares of Oracle (ORCL) went down almost 5%,after the company reported fiscal Q1 revenue and profit that missed analysts’ expectations. Forecasts for this quarter are lower as well and there is no growth in the traditional license software business’s revenues. In the long run Oracle is on losing streak in this game.
Clubhouse, a NY-based DevOps startup, helps software engineering teams plan, build, and deploy their products with ease. Clubhouse has just raised $2 million in new VC funding round.
DevOps ecosystem is growing in a fast pace, says a new market report DevOps & Microservice Ecosystem Market.
If your team is 3 members or less, you are eligible for free Clubhouse plan.