In 2019 we celebrated our 20th Anniversary and we couldn’t be more thankful for the success of our first two decades. From portfolio accolades to curated advice from our CEOs, 2019 was a big year and we’re continuing that momentum into 2020 https://t.co/ynyu5PqYMVpic.twitter.com/CoxrU1WsM0
Comcast's stock price hit a record high on Friday morning, bolstered by the media giant's release of more details about its Peacock streaming service. https://t.co/Rd44YxCCSf
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.
Anexinet expands Executive Leadership with new Chief Marketing Officer. Prior to joining Anexinet, Suzanne Lentz served as CMO @Capgemini Invent NA and as VP of Marketing @LiquidHub. We’re proud to welcome such an accomplished leader into our family! ☞ https://t.co/3DL5WSwtnLpic.twitter.com/iYEjQFMtxe
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 Partners. NewSpring, 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
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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.
'They [Epic Systems representatives] said the company decided to halt development with Google Cloud because it wasn’t seeing sufficient interest among its health system customers to warrant the investment.' per @chrissyfarrhttps://t.co/l4UFdW3mCx
Health technology company Color scores $75M funding round to scale its infrastructure, as Teamsters Health and Welfare Fund of Philadelphia invests along side Apple. Union members will also be customers . https://t.co/INj7u2dDvw
Thrilled to announce that Lisa Hughes is the new Publisher & CEO of the @PhillyInquirer. Her experience as Publisher of The @NewYorker (where she lead the transformation from an iconic legacy print brand into a digital player) is super-relevant to our work https://t.co/z9m20vWTXu
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.
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.
UPMC, the Pittsburgh-based health-care provider and insurer, plans to invest $800 million more in drugs, diagnostics and medical devices by 2024 https://t.co/3NIGVHQsKP via @WSJ
Comcast plans to invest more than $15 million annually on startups ranging from media tech providers to player and fan engagement services https://t.co/GvhevkizSE via @WSJ
Thrilled to announce that Lisa Hughes is the new Publisher & CEO of the @PhillyInquirer. Her experience as Publisher of The @NewYorker (where she lead the transformation from an iconic legacy print brand into a digital player) is super-relevant to our work https://t.co/z9m20vWTXu
