Home Blog Page 93

DataStax acquires Langflow to boost LLM development

DataStax is buying Langflow, a large language model (LLM) development pipeline startup, to make building LLMs using proprietary data easier.

DataStax supplies its Astra DB database with vector embeddings support as a service. Vector embeddings are coded representations of aspects of text, images, videos, audio files, and other digital items that are used in the semantic searches by LLMs in AI inference tasks.

Langflow is an open source, no-code chatbot builder with chatbot executable node elements connected in a flow or stream pipeline structure through dynamic graphs. It can be used to fine-tune LLMs from spreadsheets. A partial or full pipeline can be saved as a composable building block entity for reuse with a drag-and-drop GUI. Langflow can be used to develop retrieval-augmented generation (RAG) apps that enable LLMs to use an organization’s proprietary data. This is a hot development focus for DataStax.

Chet Kapoor, DataStax CEO and chairman, said in a statement: “Langflow is focused on democratizing and accelerating generative AI development for any developer or company, and in joining DataStax, we’re working together to enable developers to put their wild new generative AI ideas on a fast path to production.”

Langflow CEO Rodrigo Nader, said that by joining the DataStax team he hopes to supercharge its ability to “grow the Langflow platform, bringing it to more researchers, developers, enterprises and entrepreneurs working on generative AI applications.”

Founders of Langflow, which has been acquired by DataStax
Langflow founders Rodrigo Nader (left) and Gabriel Luiz Freitas Almeida (right)

“With DataStax, we will be fully focused on the execution of our product vision, roadmap, and community collaboration, and will continue to add to the greatest breadth of integrations across different AI ecosystem projects and products – including more data sources and databases, models, applications and APIs.”

Langflow was founded in 2020 by data scientist and CEO Rodrigo Nader and CTO Gabriel Luiz Freitas Almeida as a self-funded machine learning consultancy called Logspace. It launched Langflow in 2023.

LinkedIn lists seven Langflow employees in total. It is a remote working company with headquarters located in Uberlândia, Minas Gerais, Brazil.

DataStax says Langflow makes it simpler for developers to build RAG applications using partners such as LangChain and LlamaIndex. They can test, reuse, and share flows to iterate on RAG applications with fine-grained control, which – we’re told – can dramatically speed up deployment and drive better results.

There is already a large GenAI ecosystem of tools, components, chains, and integrations, and more than 10,000 Langflow developers. Langflow enables them to more rapidly determine if chatbot development issues are with data flows, models, or changing component integrations.

Langflow integrates with AI ecosystem frameworks supported by RAGStack, DataStax’s out-of-the-box RAG offering. This ensures developers can utilize the best generative AI technologies, streamlining the development of sophisticated applications, and providing enterprise support for companies to deploy RAG at scale.

DataStax now says it offers a complete one-stop shop for building GenAI RAG apps. Customers can build production-ready RAG applications using Python and a large ecosystem of custom components. The Langflow acquisition cost was not revealed.

Langflow will operate as a separate DataStax entity, focusing on product development and community collaboration. For more information, read the DataStax blog on this acquisition, also Langflow’s blog, in which the Langlow team assert: “Langflow will forever be open, free, and agnostic!”

IBM revamps storage product brand names for clarity

Big Blue has embarked upon a feast of rebadging, in hopes of communicating more clearly what its various product lines do.

Back in 2015, IBM had instituted a Spectrum prefix for its many storage products. We had:

  • Spectrum Connect – orchestrates IBM storage in containerized, VMware, and PowerShell setups
  • Spectrum Elastic Storage System (ESS) – software-defined storage for AI and big data
  • Spectrum Discover – file cataloging and indexing product
  • Spectrum Fusion – containerized derivative of Spectrum Scale plus Spectrum Protect data protection
  • Spectrum Protect – data protection
  • Spectrum Scale – scale-out, parallel file system software (the prior GPFS)
  • Spectrum Virtualize – operating, management, and virtualization software for the Storwize and FlashSystem arrays and SAN Volume Controller
  • Spectrum Virtualize for Public Cloud (SVPC) – available for the IBM public cloud, AWS, and Azure

The full names for these products would start with IBM – as in IBM Spectrum Fusion. We’ve dropped the “IBM” for the sake of brevity.

In February 2023, Spectrum was changed to a Storage prefix – as in Storage Fusion. The “Storage” product set included Storage Ceph, Storage Scale, Storage Defender, Storage Fusion, Storage Fusion HCI, and the Storage FlashSystem.

Now, IBM has decided that the Storage Fusion HCI brand name may be inappropriate – as it suggests that the product is a storage appliance, rather than a hyperconverged system for running Red Hat OpenShift and its applications. On that basis, its name is being shortened – to Fusion HCI. A Fusion HCI system includes IBM’s Fusion software and this Storage Fusion product becomes, simply, Fusion.

Big Blue has also decided that Spectrum Discover – its data catalog and metadata management software for file and object data – needs an alternative name. The product provides automatic cataloging of unstructured data by capturing metadata as it is created, and so can now be referred to either as Data Cataloging or as Spectrum Discover – but not Storage Discover.

We’re told that Data Cataloging connects to exabyte-scale heterogeneous file, object, backup, and archive storage on premises and in the cloud to rapidly ingest, consolidate, and index metadata for billions of files and objects. This suggests a feature overlap with data orchestration functionality from suppliers such as Arcitecta, Datadobi, Hammerspace, and Komprise.

In fact, the product is also an unstructured data lifecycle manager as it can facilitate data movement to colder, cheaper storage, and increase storage efficiency by eliminating trivial or redundant data. That also overlaps with Komprise functionality.

YMTC extends QLC flash endurance to match TLC

Women sprint hurdlers

Chinese NAND manufacturer Yangtze Technology Memory Corporation (YMTC) has extended the endurance of QLC flash to match that of TLC.

YMTC is beset by US technology export restrictions on the fabrication equipment it can import. Nevertheless, it has developed Xtacking gen 4 232-layer 3D NAND – comparable to the latest from competing suppliers such as Micron (232-layer), Samsung (236-layer), SK hynix (238-layer), and Kioxia/Western Digital (218-layer). YMTC’s 232-layer die features QLC (4bits/cell) flash that has a raw endurance of about 1,000 program/erase (P/E) cycles compared to the 4,000–5,000 or so of TLC (3bits/cell).

QLC NAND cells, with a third more capacity than TLC cells, are more efficient on a $/TB basis but counter that with slower performance and a shorter working life. The cell-level raw endurance cannot be altered. However, by careful management of how data is written to the population of cells in a QLC SSD, evening out their wear, and judicious over-provisioning of cells to provide replacements for worn-out ones, the overall QLC SSD endurance can be increased.

YMTC raw NAND endurance by cell bit count and process level
Raw NAND endurance by cell bit count and process level

The YMTC tech was reported by the Chinese language IThome media outlet. It claims YMTC’s X3-6070 features 128-layers, Xtacking gen 3 technology, and supports 4,000 P/E cycles.

YMTC Xtacking
Picture from China Flash Memory Market Summit. Vth (a.u.) is threshold voltage measured in arbitrary units

The IThome report indicates that the gen 3 Xtacking tech allows for more flexible voltage modulation. There are no details on how YMTC has extended its QLC NAND’s endurance, though.

YMTC explains that X3-6070 has an I/O speed increase of 50 percent, and 70 percent more storage density than its prior generation of QLC technology. When used in PBlaze7 7340 SSDs, it makes them usable for enterprise-level storage and mobile phone workloads. A consumer-grade PC41Q (PCIe 4 x 4, NVMe 1.4) drive built with this QLC flash has a sequential read and write bandwidth of 5,500 MB/sec. It also features one year of data retention and has a 2 million hours MTBF rating at 30°C.

YMTC is not alone. Solidigm has a DC-P5430 QLC SSD, which has a 14 percent longer endurance than TLC SSDs from Kioxia, Micron, and Samsung for sequential workloads. This enables lower overall write I/Os to the drive, compared to a more random workload where the endurance drops to almost half that of the TLC drives – 0.58 drive writes per day instead of one. The YMTC report makes no mention of workload restrictions on the endurance-raising technology.

First draft of PCIe 7.0 spec doubles data transfer speeds

The seventh generation PCIe specification draft has been released, with the full spec scheduled for publication sometime in 2025.

The Peripheral Component Interconnect Express (PCIe) bus is used by PCs and servers to connect CPUs, networking, graphics cards, and storage devices. It is used to transmit data between them. As with preceding PCIe generations, this one doubles the PCIe bus transfer speed, from gen 6’s 64 Gbps link bandwidth to 128 Gbps. That’s 512 GBps bandwidth across 16 lanes.

PCIe transfer speeds

A blog by PCI-SIG president Al Yanes says: “Progress continues on the PCI Express (PCIe) 7.0 specification, which PCI-SIG announced at US DevCon in June 2022. Thanks to the hard work of our technical work groups, we are pleased to announce that version 0.5 is now available for member review. This is the official first draft of the specification, incorporating all the feedback we received from members after the release of Version 0.3 in June 2023.”

Yanes says gen 7 PCIe is aimed at the high bandwidth needs of 800G Ethernet, artificial intelligence/machine learning, hyperscale datacenters, HPC, quantum computing, and the public cloud. The intended feature list includes:

  •  Delivering 128 GT/s raw bit rate and up to 512 GB/s bi-directionally via x16 configuration
  •  Utilizing PAM4 (Pulse Amplitude Modulation with 4 levels) signaling
  •  Focusing on the channel parameters and reach
  •  Continuing to deliver low-latency and high-reliability targets
  •  Improving power efficiency
  •  Maintaining backwards compatibility with all previous generations of PCIe technology

PCIe gen 6 enables CXL v3.0 memory pooling, sharing, and multi-level switching support. PCIe 7 will increase the bandwidth available for such external memory sharing and pooling. A program to verify compliance with the PCIe 7 standard is expected to be available in 2027 with products released after that.

PCI-SIG members can access the v0.5 PCIe 7.0 spec on the members workspace on Causeway. Non-members can join here.

Cloudian and Axle AI unveil hybrid media management system

Media search and management company Axle AI has joined forces with object storage and data lake vendor Cloudian to offer a hybrid system that “ensures data sovereignty, reduces costs and simplifies media workflows.”

Axle AI’s customer roster includes Turner, the BBC, Paramount, Facebook, Patagonia, Madison Square Garden, NBC, Amazon, Canon, and Radio City.

With the combined solution, users can store their data either on-prem or in the cloud, while maintaining single-point management and unified media search. Using AI-powered tools, the solution catalogs, manages, and searches media across on-prem and cloud-based storage for “simple and immediate access,” the companies said in a joint statement.

“As users seek to optimize data sovereignty, security, and storage costs, they are increasingly looking to balance their use of on-prem and cloud-based compute and storage platforms,” they added.

Axle AI face identification
Axle AI face identification

Cloudian’s says its hybrid data lake offers limitless on-prem media capacity that can be situated anywhere, plus cloud integration that facilitates policy-driven data management across both cloud and on-prem platforms.

Cloudian’s full S3 API compatibility is meant to simplify the process of migrating workflows between cloud and on-prem environments. This allows users to leverage existing S3 API-based media, tools, and applications while refining their infrastructure strategy in a bid to reduce costs.

Sam Bogoch, Axle AI
Sam Bogoch

Axle AI’s media asset management software generates searchable metadata based on advanced AI techniques including speech transcription, face recognition, and object/logo identification. Integrated review and approval workflows in the Axle AI browser frontend, as well as a panel for Adobe’s Premiere Pro application, enable “seamless” post-production workflows.

With “military-grade” security, Cloudian ensures the protection of media assets from unauthorized access and ransomware threats. And an intuitive interface across both Axle AI and Cloudian systems “significantly reduces the learning curve,” said the companies, the aim being to let all levels of staff to quickly adapt and enhance productivity.

“The power of AI is transforming the way media professionals interact with their content,” said Sam Bogoch, CEO of Axle AI. “By integrating our AI-driven metadata tagging and search capabilities with Cloudian’s robust data lake, we are simplifying access and management of media files to a degree that was previously unimaginable.”

Michael Tso, Cloudian
Michael Tso

Michael Tso, CEO of Cloudian, added: “Our hybrid data lake allows media assets to be located anywhere, while remaining fully interoperable with existing S3-compatible tools. By collaborating with Axle AI, we now make those assets instantly searchable, both on-prem and in the cloud, with the power of AI.”

The complete combined system is now available through Axle AI, Cloudian, and authorized resellers.

Last month, Cloudian announced support for AWS Mountpoint for Amazon S3, an open source file client. The enhancement allows data stored on Cloudian data lakes to be mounted as local file systems with high-throughput access, enabling Cloudian users to leverage object storage system Cloudian HyperStore through a familiar file interface.

Common use cases for AWS Mountpoint include large-scale machine learning, autonomous vehicle simulation, genomic analysis, data ingest (ETL), and image rendering.

N2WS appoints CRO to fuel next growth phase

N2WS, a provider of enterprise cloud data protection solutions, has hired Alon Maimoni as chief revenue officer to spearhead the company’s growth aspirations.

As a cloud-native backup, disaster recovery, and archiving tool, N2WS’s pitch is that it protects data and cuts storage costs with customizable backup policies. It targets Fortune 500 companies and managed service providers (MSPs) operating large-scale production environments on Amazon Web Services and Microsoft Azure.

Alon Maimoni, N2WS
Alon Maimoni

In his new role, Maimoni will be charged with the establishment of a revenue organization within N2WS, encompassing marketing and sales, and the creation of a new customer success division.

In his last role as vice president of marketing for Komodor, a Kubernetes reliability and debugging platform, we’re told Maimoni helped the company grow by more than 400 percent in under two years. Before that Maimoni worked at NetApp from 2018 to 2022 as a director for marketing and sales at its Cloud Innovation Center in Tel Aviv.

The company says it currently has more than 1,000 customers across multiple cloud platforms.

“Alon’s track record in scaling tech organizations, along with his strategic vision and hands-on approach, align perfectly with N2WS’s mission to empower businesses with top-tier data protection,” said CEO Ohad Kritz in a statement.

“I’m joining a company with a stellar reputation for innovation and customer-centric solutions,” said Maimoni in a prepared remark. “I plan to build on N2WS’s strong foundation, leveraging our cross/multi-cloud capabilities and industry-leading backup recovery tools to propel the company into a new era of growth.”

Israel-based N2WS was founded in 2012 and, according to Crunchbase, received an undisclosed amount from a venture funding round in 2017, with Insight Partners and Microsoft ScaleUp Tel Aviv contributing. Pitchbook says it received a $573,000 paycheck protection program loan in 2020.

Veeam bought N2WS in 2018 for $42.5 million in cash, but it later decided to sell it back to the original owners as some US public sector N2WS customers did not want their backup supplier to be owned by the two Russians who then owned Veeam.

That sale was completed in October 2019. Veeam is now owned by US investment firm Insight Partners, and runs its own US public sector/federal business unit.

Quantum flashifies ActiveScale object storage

Storage manager and protector Quantum has added a Z200 all-flash product to its ActiveScale object storage line with a focus on AI and data lake workloads.

The ActiveScale products have until now been disk-based and positioned as object storage suitable for high-performance computing secondary storage workloads. They accept S3 protocol requests and can frontend a Scalar tape library which provides virtually unlimited storage for low access rate object data. There is a single namespace across disk and tape, and the ActiveScale software provides erasure coding and geo-spreading across three sites to increase data resiliency.

Bruno Hald, Secondary Storage VP for Quantum, said in a statement: “With the introduction of the ActiveScale Z200, we are meeting the need for a fully integrated enterprise object storage solution that merges high-performance scale-out flash and scale-out tape libraries to build data lakes and storage clouds of outstanding scalability, simplicity, performance, and cost efficiency, without compromising data availability and long-term durability.”

Quantum Z200 specs
ActiveScale product comparison table. The Z200 uses TLC flash

Quantum claims that, with its high throughput and flexibility to densely store metadata for billions of objects in flash, plus its integrated ability to durably store massive amounts of data in nearline tape storage, the ActiveScale Z200 reduces the overall cost of data lakes, storage clouds, and long-term archives, and enables easy data access to massive data sets for additional analysis, model recalibration, and re-monetization. 

Quantum ActiveScale portfolio

It is, the company claims, “the industry’s only object storage platform architected for both active and cold data.” This makes it suitable for “building massive data lakes, storage clouds, and long-term archives,” with a smaller overall footprint and cost than competing systems.

Performance

A Quantum spokesperson told Blocks and Files: “We have optimized the Z200 for price/performance to meet a variety of use cases and lower cost entry points rather than absolute performance, i.e. each Z200 is 32 core, 256 GB, 25GbE, 15 TB SSD configs as compared  to 48-64 core, 100GbE systems being sold at a premium today. On a per core basis, we achieve double the performance of other vendors and scale linearly.

“It’s important to recognize that our stated performance reflect real-world achievable performance. We have seen recently some real gamesmanship in object storage performance benchmarks which include three-way mirrored config for GETs, 4+2 EC config for PUTs and only four drives configured per server, all in the same benchmark. Grossly expensive and unachievable in a real-world config.
 
“Our roadmap includes beefier configs, higher density drives, and QLC drives as well, so stay tuned. Performance has scaled well on these beefier configs.”

Competition

NetApp has an all-flash StorageGRID object storage product. Scality added all-flash object storage support in 2020 and object storage startup rival Cloudian also has all-flash support. IDrive added all-flash support to its e2 object storage last year.

Business continuity in war time: Is it even possible?

Ravit Sadeh, Senior Director of Product Management at Israel-based CTERA

Comment War isn’t a snapshot in time. It’s a relentless storm that tests every part of a person, every part of a company. Weeks, months, sometimes years of uncertainty make “war-life balance” a whole new battleground. This article explores how Israeli tech companies like CTERA keep functioning through it all, focusing on the deeply personal impact on those facing this struggle every day. We’ll examine the mix of professional duty and the raw reality of conflict, how traditional roles shift in times of war, and how women and men adapt to new challenges. This isn’t about politics or picking sides – it’s about understanding the human toll and the incredible strength that keeps things moving.

The reality of a ‘war-life balance’

When war crashes into your world, everything you know about normal life gets thrown out the window. It’s not just about work anymore, it’s about staying safe and keeping your loved ones safe too. You switch between being an employee, a parent, and a worried citizen, all on high alert.

Ravit Sadeh

The morning starts the same, but it’s not. The news – it punches you in the gut. So many lives lost, families ripped apart, and the haunting worry about those still missing. Coffee – a bitter comfort, a small luxury in a world turned upside down. You’re lucky you have it, lucky you have a roof over your head.

Rousing the kids feels different. It’s your job to get them to their virtual classroom, to keep them safe, yet every school day feels like a risk now. Three people crammed in the house, each with their own battles. Kids focused on school, you focused on work, but it’s all a tense juggling act.

Then the alarm. That is a sound you’ll never get used to. Rushing to the shelter with fear tight in your throat. The neighbor, his face etched with worry – his daughter, a soldier, no word for 30 endless days. Back home, and you can’t focus. Not right away. You stare at the fridge, the same one you’ve opened a hundred times. More food? For what? What kind of days lie ahead?

Work grinds on, the kids finish their tasks, but you keep them inside. No playing out today. You try to explain what they saw on the news, those terrible images they shouldn’t have seen. A knock at the door. It’s the neighbors. One of those fallen soldiers is from this very street. We go to the family with flags in hand. A silent procession of grief.

Back home, work again. Another day ends, exhausting and filled with a dread you can’t shake. And amid it all, there’s also a pang of guilt: I’m privileged. This is my day, and so many have it far worse.

Navigating work under wartime conditions

Things are tough in Israel right now. We’re in the middle of a conflict, and it’s affecting everyone. Individuals from all teams. These days they are not only employees but also participants in the conflict, men and women serving together on the front lines. The absence of these individuals is palpably felt across the organization, yet it fuels a collective resolve to support them and their families and ensure the company’s strength and continuous delivery. Now, more than ever, the real job extends beyond daily tasks to keeping the company stable and ensuring unwavering service to customers and partners. “Business as usual” transcends being merely a phrase – it encapsulates our core mission during these trying times.

Management plays a critical role, motivating teams to persevere in their work amid the chaos. This involves a meticulous balance of understanding each team member’s location and safety, offering flexibility in work hours amid the constraints, yet still maintaining high expectations. The essence of our work has shifted – we’re not just focusing on tasks but ensuring there’s a stable environment to return to, contributing to the stability of the Israeli economy. The concept of solidarity has never been more relevant or deeply felt.

As a community, we’ve adapted to the circumstances with resilience and innovation. Remote work has become the norm, with office days being carefully considered. We recognize the paradox of continuing work and delivery when hearts and minds are elsewhere. Initiatives like fundraising for families affected by the war, organizing social activities to support soldiers, and providing personal equipment for those on the battlefield exemplify our commitment to going beyond our professional duties. These actions not only boost morale but also reinforce the importance of each employee’s contribution, motivating them to be a part of a global effort that might seem disconnected from the immediate crisis.

Our commitment extends to our customers and partners as well. We’ve adapted by pre-recording training and demonstrations to avoid interruptions from alarms and reorganizing support teams across Israel and globally to ensure 24/7 availability. Our engineering team has worked tirelessly, continuing to release versions and major features, demonstrating our dedication to innovation and service despite the circumstances.

In ensuring that employees have the support they need, we embody the principle of “business as usual” in the truest sense. It’s a stance we adopt with pride, not as a cliché but as a testament to our resilience and solidarity. Through these efforts, we not only sustain our operations but also contribute to a sense of normalcy and stability during tumultuous times, proving that our work, our contributions, indeed matter.

140 days of war – are we business as usual?

It’s been 140 days since the war began. The daily toll is heavy, with countless lives lost, a grim reminder of the war’s brutality. Somehow, we’ve found a way to get used to the stream of bad news, bracing ourselves for a conflict with no end in sight. Many of us have returned to work, and schools have reopened their doors to students, trying to find a semblance of normality amid chaos. Yet the constant updates of tragedy weigh heavily on us, a stark reality that routine cannot erase. Despite this, there’s a palpable sense of unity and strength among us, a shared resolve that we’ll emerge from this stronger. This sentiment of solidarity keeps us going. “We’ll get through this; we’ll be better,” I reassure my kids and myself.

Rubrik eyes public markets with S-1 filing

Rubrik has filed S-1 initial public offering documentation with the US Securities and Exchange Commission.

The filing reveals details of the cybersecurity and data protection business’s growth since it was founded in 2014. With the help of six funding rounds, Rubrik has raised more than $552 million to this end. Rubrik has more than 6,100 customers, up 22 percent year-on-year, and $784 million of subscription annual recurring revenue (ARR), which has risen 47 percent year-on-year. Total revenue in the year ending January 31, 2024, was $627.9 million, an increase of just 4.7 percent year-on-year. There was a net loss of $354.2 million compared to a loss of $277.7 million the year before. Rubrik is still spending heavily to grow its customer base and expand its business.

Bipul Sinha, Rubrik
Bipul Sinha

In an introductory letter, Rubrik CEO and co-founder Bipul Sinha writes: “When market transitions occur, opportunity arises to transform and massively expand existing markets. These disruptions allow new products to gain market relevance quickly and set the agenda of the new market order. This is precisely why I left my venture partnership to start Rubrik. The legacy backup and recovery market was ripe for such a transformation into data security based on cloud and cybersecurity trends.”

In its fiscal 2024, Rubrik’s operating cash flow was -$4.5 million, compared to $19.3 million in 2023. The free cash flow numbers were -$15 million in fiscal 2023 and -$24.5 million in 2024.

Rubrik believes its total addressable market (TAM) will be approximately $36.3 billion by the end of calendar 2024 and approximately $52.9 billion by the end of 2027, based on Gartner research, representing an average 13 percent compound annual growth rate (CAGR).

The company’s revenue growth rate has shrank due to a switch from perpetual license sales of its Cloud Data Management product to Rubrik Security Cloud (RSC) subscription-based revenues. This transition started around fiscal 2022 and makes Rubrik’s recent revenue history chart resemble that of a low-growth business:

Rubrik revenue/profit

Rubrik notes: “We expect new and existing customers to increasingly purchase subscriptions of RSC, which is recognized ratably over the term of the subscription. Our revenue will fluctuate based on the timing for transitioning our existing customers to RSC and when qualified customers choose to exercise or forfeit their customer options … The combination of both of these factors will limit and cause fluctuations in our subscription revenue growth through fiscal 2027, depending in part on the timing of our existing customers’ transition to RSC.”

As classic revenue growth has slowed, Rubrik has concentrated on measuring its ARR growth rate as that, it says, is a better indicator of its actual expansion:

Rubrik ARR
As of January 31, 80 percent of total ARR comes from customers with $100,000 or more in subscriptions

The S-1 doc says of Rubrik profitability: “While we have experienced rapid revenue growth in recent periods, we are not certain whether or when we will obtain a high enough volume of sales to achieve or maintain profitability in the future.”

This market has several large and strongly competing players such as Veeam, Cohesity (which is buying most of Veritas’s data protection business), Commvault, Dell, Druva, IBM, and myriad smaller players. Rubrik’s S-1 points out: “Many of our current and potential competitors have longer operating histories and have substantially greater financial, technical, sales, marketing, and other resources than we do, as well as larger installed customer bases, greater name recognition, lower labor and development costs, and broader product solutions, including servers … We expect that competition will increase as a result of future software industry consolidation.”

The S-1 form does not specify the price range for Rubrik’s Class A common stock shares, nor the number that will be offered to the public. Earlier reports estimate the cash raised will be between $500 million to $700 million.

The bankers identified in the filing are Goldman Sachs, Barclays, Citigroup, Wells Fargo Securities, Guggenheim Securities, Mizuho Securities, Truist Securities, BMO Capital Markets, Deutsche Bank Securities, KeyBanc Capital Markets, Cantor CIBC Capital Markets, Capital One Securities, Wedbush Securities, SMBC, and Nikko.

JK Tech is not hallucinating over its AI business insights offer

Global digital consulting firm JK Tech is seeking to improve enterprise AI data insights with the launch of its Google-driven JIVA platform.

The generative AI (Gen AI) technology promises improved data accessibility, while “notably enhancing” precision and minimizing hallucinations – a common challenge when using traditional large language models. JK Tech has implemented Gen AI in the automotive insurance sector where, for example, Gen AI chatbots can help handle initial claim registration, which reduces claim handling time by up to 50 percent. This helps both the insurer, which can handle more claims in less time, and the policyholder, who receives their payout faster.

Using “advanced” Gen AI technologies, JIVA uses Google’s Knowledge Graph and other tools to construct a dynamic interconnected graph that fosters traceability and contextual comprehension.  

Dipankar Ganguly.

The in-context training and reasoning engine within JIVA facilitates “deeper understanding,” leading to more accurate conclusions. The Nodal Level Security is a “unique feature” of JIVA, claims the Noida, Uttar Pradesh, India-headquartered provider. It integrates enterprise access management, ensuring secure data access, and mitigating the risk of data misinterpretation.

“As organizations continue to navigate the complexities of digitization, data has become a critical asset for strategic decision-making and driving innovation,” explained Dipankar Ganguly, chief technology officer of JK Tech. “We believe in unleashing the full potential of Gen AI in the digital transformation journey of businesses. Through in-depth discovery sessions, we work with clients to identify key areas where Gen AI can deliver tangible value.”

The offer includes customization and integration tailored to specific needs, end-to-end training, and “seamless” implementation.  

“Through our ongoing support and optimization services, we remain committed to keeping our customers’ Gen AI initiatives innovative, and leading the way in the evolving business environment,” declared Ganguly.

JK Tech’s market sweet spots are retail and consumer products, insurance, financial services, and healthcare industries – all verticals that are big on trying to make AI work in a meaningful way.

IPO looming – again – for Rubrik

Bloomberg reported over Easter that Rubrik is prepping an IPO and could file papers with the SEC this week.

This follows a Reuters report in February that the Bipul Sinha-led business was planning an April 2024 IPO once a fraud investigation completed. Bloomberg previously suggested that Rubrik could IPO by the end of last year.

Bipul Sinha.

Rubrik started up in 2014 as a backup and restore-based data protector, and has evolved to add cyber security and resilience. This has become its main focus. The founders were ex-venture capitalist and CEO Bipul Sinha, CTO Arvind “Nytro” Nithrakashyap, VP engineering Arvind Jain and Soham Mazumdar. It has raised in excess of $550 million – possibly as much as $1 billion – with a valuation thought to be in the $4 billion area when Microsoft invested in 2021. The firm reckons it has more than 5,000 customers and in excess of $600 million in annual recurring revenue. Previous reports have identified Goldman Sachs, Barclays and Citigroup as its IPO bankers.

The Bloombergers guess that Rubrik could raise $500 million to $700 million from this IPO. A Rubrik IPO would represent a pinnacle of achievement for Bipul Sinha, who was born into poverty in India.

The Information reported two other cyber security vendors – Snyk and Cato Networks – could also run IPOs this year.

Arch rival Cohesity, which filed for an IPO in December 2021, is acquiring the bulk of the business from legacy data protector Veritas and plans for an IPO to follow that in due course. This acquisition could make it a larger business – in terms of revenue and customer count – than Rubrik. 

Social media platform Reddit and semiconductor supplier Astera have both successfully launched IPOs recently, providing a generally positive investor environment. 

Starburst points to scale-up in AI and hybrid cloud with senior hires

Enterprise data management vendor Starburst, which bills itself as “the open lakehouse,” has brought in a number of seasoned data veterans to help it scale up.

Steven Chung has been named as president, Tobias Ternstrom is now chief product officer, and Adam Ferrari has been brought in as senior vice president of engineering.

Starburst’s exec trio of hires. Left to right: Adam Ferrari, Steven Chung, and Tobias Ternstrom.

“Steven, Tobias, and Adam have joined our team, inspired by our vision to help organizations unlock greater business value from their data through the Starburst Lakehouse platform,” declared Justin Borgman, co-founder and CEO of Starburst.  

“The appointment of these industry leaders will help scale our business globally,” added Mike Volpi, Starburst board member and founding investor from Index Ventures. “Steven, Tobias, and Adam bring proven experience to Starburst as we power new opportunities with AI, ML, and analytics in cloud, on-prem, and in hybrid environments.”

Prior to Starburst, Chung served as president at Delphix, the enterprise DataOps biz that was recently acquired by Perforce Software. In addition, he has held senior executive roles at PagerDuty, Demandware, Symantec, Microstrategy, and PwC Consulting.

Ternstrom joins the party from Nutanix, where he served as vice president of platform services, bringing database-as-a-service to hybrid multi-cloud environments. Ternstrom’s other previous roles were at Amazon Web Services, Google Cloud Platform, and Microsoft. At AWS, Ternstrom led product management for Amazon Aurora and Amazon Relational Database Service (RDS).

Ferrari brings 20 years of engineering leadership, where he most recently served as SVP of engineering at Salsify – a leading product information management (PIM) provider.  He has also led product and engineering teams at Oracle and Endeca (prior to its acquisition by Oracle in 2011).

Starburst says it offers a “full-featured,” open data lakehouse platform, built on open source Trino. Its end-to-end analytics include the capabilities needed to discover, organize, consume, and share data, with “industry-leading price-performance” for both cloud and on-premise workloads. The technology is used by end customers like Comcast, Grubhub, and Priceline.