Linode, at 16, still growing

Tom Paine

This interview by TFiR:( Open Source and Emerging Tech) with Linode Founder Christopher Aker is a good watch. (37 minutes; from June of last year.)

Aker tells how he started and bootstrapped Linode. and what his operating philosophy is. A good description is to democratize technology by offering inexpensive virtualized services for the independent developer. Linode has continued to bypass all outside equity funding.

He describes the reasons for moving the business from a small Jersey shore town to Philadelphia (people needed a sense of community), and how he found the 162 year-old bank building that became Linode’s headquarters.

Aker says Linode has added about 100 employees in the last 18 to 20 months. Linode now has close to 200 employees according to the company’s Linkedin page. He says the management structure has become more complex (no longer flat) with the additional headcount, and that has been an adjustment process.

Two things Linode has been implementing are Kubernetes  and GPU Instances. In the future, Aker is working on database as a service, bare metal machines, and envisioning a future software-defined network architecture.

Philly EnterpriseTech People News 1/21/2020: Moul takes helm at newly funded Circonus; Ryvicker to IR at Comcast

Circonus Raises $6.8 Million Series A1 Investment; Appoints Serial Technology Entrepreneur, Bob Moul, as CEO

Osage Venture Partners leads round, joining repeat investor, NewSpring, as market demand for machine data intelligence grows

Circonus is the machine data intelligence expert, providing the only machine data intelligence platform capable of handling billions of metric streams in real time to drive unprecedented business insight and value.

NEWS PROVIDED BYCirconus 

Jan 21, 2020, 07:30 ET

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PHILADELPHIA, Jan. 21, 2020 /PRNewswire/ — Circonus, provider of the first machine data intelligence platform built to handle the volume and frequency of data seen in today’s global IT infrastructure and IoT deployments, today announced a $6.8 million Series A1 investment to continue advancing its machine data intelligence platform and meet market demand for machine data intelligence across multiple industries. The round was led by Osage Venture Partners and included new investors Bull City Venture Partners and Ben Franklin Technology PartnersNewSpring, which led the Series A investment, also invested in the round. Earlier in 2019, Circonus also brought on serial technology entrepreneur Bob Moul as CEO to lead the company in raising capital, growing the team, and expanding its market share.

Moul previously served as the CEO of Cloudamize, a cloud software company, which was acquired by Blackstone/Cloudreach in July 2017, and was President and CEO of Boomi, a cloud-based integration software company, which was acquired by Dell in November 2010. Theo Schlossnagle, who founded and has led Circonus since 2010, will serve as the company’s chief technology officer.

“As more of our world becomes digitized and virtualized, machines, and the data that we are able to gather from them, have become not just instrumental, but indispensable,” said Moul. “I’m honored to have the continued support of NewSpring, and am excited to have the additional backing and leadership from Osage Venture Partners. I’m looking forward to leading Circonus into its next chapter as we continue to grow and expand into new markets.”

“We are excited to partner with the leadership team at Circonus, particularly given Bob’s and Theo’s track records of success, and are impressed with the technology they’ve built,” said David Drahms, Partner, Osage Venture Partners. “No other solution can handle the massive scale of data that businesses are dealing with today at the frequency, speed and accuracy that is required for mission-critical IoT and monitoring systems. The timing is right.”

“We’re proud to continue our support of Circonus and are excited about its future growth with Bob at the helm,” said Brian Kim, NewSpring Partner. “The need for machine data intelligence is only going to grow as enterprises seek out the competitive advantages that data at scale can provide.”

Joining Osage Venture Partners and NewSpring Capital is Bull City Venture Partners based in Durham, North Carolina and Ben Franklin Technology Partners of Southeastern Pennsylvania. 

For more information on how machine data intelligence can be used to optimize operations, innovate new products and services, and create new revenue streams, read Circonus’ recently issued thought leadership paper.

About Circonus
Circonus is the machine data intelligence expert, providing the only machine data intelligence platform capable of handling billions of metric streams in real time to drive unprecedented business insight and value. Led by experts in large-scale distributed systems and data science, Circonus is pioneering the way that machine data at scale is leveraged throughout the enterprise, from operational analytics to IoT applications. To learn more, visit www.circonus.com

CONTACT: Colleen Martin, Colleen@0to5.com, (570) 259-0915

SOURCE Circonus

Circ onus Raises $6.8 Million Series A1 Investment; Appoints Serial Technology Entrepreneur, Bob Moul, as CEO

NEWS PROVIDED BYCirconus 

Jan 21, 2020, 07:30 ET

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Genetic precision medical company Color has Philly ties

Tom Paine

Genetic precision medical company Color, based in Burlingame CA, just raised $75 million in a Series D led by T. Rowe Funds and Viking Global Investors.

In the past year alone, Color announced several new partnerships, including with the Teamsters Health and Welfare Fund of Philadelphia and Vicinity. It already had Apple as a partner. The Teamsters partnership will provide access to Color’s clinical-grade genomic services to some 14,000 members of its regional unions.

In addition to individualized genetic health, Color also serves the market for population health. Last year Jefferson Health also became a Color partner , and approximately 30% of Jefferson’s 32,000 associates signed up for Color’s genetic tests.

Founded in 2015, Color has raised $150 million so far.

Philly EnterpriseTech Weekend Highlights: Comcast introduces Peacock, hits new high

Looking at relative values among telcos, as Comcast touches new high

Tom Paine

Comcast reached a new high of $47.35 in the final hour of trading Friday, coming during the intro presentation of its new streaming service Peacock.

I thought it would a good time to look at the relative values of the major broadband & wireless players at this point. Many analysts have speculated that there is going to be some merger activity between some members of this group at some point.

Of course, Sprint and T-Mobile are awaiting final judgment on their merger plans in Federal Court.

($Billions)Equity ValueLong Term DebtTotal Capitalization
As of 9/19
CMCSAcomcast216.199.8315.9
CHTRcharter10871.4179.4
VZverizon248.7105.9354.6
TAT&T260.4165.1425.5
TMUST-Mobile70.311.481.7
($Billions)Equity ValueLong Term DebtTotal Capitalization

Report: goPuff raised $750 million led by Softbank

Tom Paine

I was planning a (short) update about Philly unicorns, and was wondering where goPuff stood. Last summer the tech biz website The Information reported that Softbank was considering a large investment in the Philly-based snacks & convenience home delivery startup, which was already labeled a unicorn having reached a billion dollar valuation.

The wire had since gone dead on that subject, and with the fallout from the WeWork debacle and stories about Softbank backing away from some investment opportunities at the last minute, I assumed it had walked away from goPuff. But not so fast; today The Information‘s Cory Weinberg and Amir Efrati reported that Softbank had indeed agreed to lead a $750 million investment in goPuff last August, with an option to invest $250 million more this year.

goPuff, founded by former Drexel students Rafael Ilishayev and Yakir Gola, has a strategy of building and stocking its own local distribution hubs rather than piggybacking off of other outlets, which is probably a more expensive route to achieve market coverage. It also needs to enhance its marketing to reach beyond college campuses, where word of mouth is strong.

The article didn’t address valuation, as I recall, only getting a peek before it disappeared behind the paywall. But the amount of the latest investment, which is larger than one might have thought, certainly makes goPuff a player among a small circle of major competitors.

Philly EnterpriseTech Tweets 1/15

Philly EnterpriseTech Tweets 1/14

Tweets 1/10: Barstool Sports is close to selling to casino company Penn National http://bit.ly/35Jrxf0