Microsoft finalizes its EU sovereign cloud project

Microsoft says that it has completed a multi-year project to allow Europe-based customers using its cloud services to store and process data in the EU. The project, the EU Data Boundary for the Microsoft Cloud, began in January 2023, went on for two more years, and finally wrapped up this February, Microsoft said. With its […]

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Finout lands cash to grow its cloud spend management platform

In 2021, Roi Ravhon, Asaf Liveanu and Yizhar Gilboa came together to found Finout, an enterprise-focused toolset to help manage and optimize cloud costs. (We covered the company’s launch out of stealth in 2022.) Ravhon, Finout’s CEO and previously the director of engineering at observability platform Logz.io, says that he was spurred to start Finout […]

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Matt Garman taking over as CEO with AWS at crossroads

It’s tough to say that a $100 billion business finds itself at a critical juncture, but that’s the case with Amazon Web Services, the cloud arm of Amazon, and the clear market leader in the cloud infrastructure market. On Tuesday, the company announced that CEO Adam Selipsky was stepping down to spend more time with […]

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Alkira connects with $100M for a solution that connects your clouds

As cloud adoption continues to surge towards the $1 trillion mark in annual spend, we’re seeing a wave of enterprise startups gaining traction with customers and investors for tools to help manage that usage. In the latest development, a startup called Alkira has raised $100 million for “network infrastructure as a service”, which lets users […]

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Alternative clouds are booming as companies seek cheaper access to GPUs

The appetite for alternative clouds has never been bigger. Case in point: CoreWeave, the GPU infrastructure provider that began life as a cryptocurrency mining operation, this week raised $1.1 billion in new funding from investors including Coatue, Fidelity and Altimeter Capital. The round brings its valuation to $19 billion post-money, and its total raised to […]

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Ubicloud wants to build an open source alternative to AWS

Using the large cloud computing providers is convenient, but not exactly cheap. Ubicloud, a new startup founded by the team behind Citus Data, which Microsoft acquired in 2019, wants to change the dynamics by offering a layer of core cloud computing services on top of affordable bare-metal servers from providers like Hetzner, OVH Cloud, Leaseweb […]

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A government watchdog hacked a US federal agency to stress-test its cloud security

A U.S. government watchdog stole more than one gigabyte of seemingly sensitive personal data from the cloud systems of the U.S. Department of the Interior. The good news: The data was fake and part of a series of tests to check whether the Department’s cloud infrastructure was secure. The experiment is detailed in a new […]

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