News

Alluxio, a San Mateo, CA-based provider of open-source cloud data orchestration software, raised $15.5m in Series B funding.
The round was co-led by Volcanics Ventures and Andreessen Horowitz with participation from technology entrepreneurs Isilon Founder Sujal Patel and YY Founding CTO Tony Zhao, and existing investor Seven Seas Partners. This brings the total amount of funding raised to date to $23m.

Alluxio, a developer of open source cloud data orchestration software, has extended its Series B financing to $15.5 million.

Alluxio (formerly Tachyon Nexus), a San Mateo, California-based tech startup today announced it has extended its Series B financing to $15.5 million to grow its hybrid cloud data orchestration platform. The round, which brings the total amount of funding raised to date to $23 million, was co-led by new investor Volcanics Ventures and existing investor a16z, with participation from technology entrepreneurs Isilon Founder Sujal Patel and YY Founding CTO Tony Zhao, and existing investor Seven Seas Partners.

Two week ago, the U.S. government rolled out a $350 billion small business loan program as part of a $2 trillion stimulus package aimed at keeping the economy afloat through the coronavirus.
But the rollout was frustrating and messy, to say the least: It was unclear which banks would take PPP applications while small businesses struggled to pull together payroll documents required for the application for the banks.

Alluxio, the developer of open source cloud data orchestration software, is receiving $15.5 million after extending its Series B financing, enabling the company to expand its hybrid cloud data orchestration.

Alluxio, the developer of open source cloud data orchestration software, today announced it has extended its Series B financing to $15.5 million, co-led by new investor Volcanics Ventures and existing investor a16z, with participation from technology entrepreneurs Isilon Founder Sujal Patel and YY Founding CTO Tony Zhao, and existing investor Seven Seas Partners. This brings the total amount of funding raised to date to $23 million.

Today’s channel partner news involves ActiveCampaign, Alluxio, CloudBolt Software, Kaseya, SkyKick, Unitrends Office 365 backup discounts & more. Here are five (um… actually six) technology news updates, insights, chatter, and plenty more to start your day for Thursday, April 16, 2020. Sip up.

Alluxio 2.2. adds a set of Structured Data Service technologies, which will deliver compute-optimized data for such projects. The update removes many bottlenecks to how apps now work with data. It also provides developers easy ways to support advanced analytics and AI on remote data for hybrid and multi-cloud projects, according to Alluxio execs.

In this episode, Woods and Mih discussed what it’s like for an early adopter trying to create a data platform in the modern environment. Their conversation focused on creating a data layer that allows abstraction in front of many different data sources so that companies can, in an orderly fashion, refactor what’s underneath and move it to where it’s optimally stored and optimally delivered. This is what Alluxio was designed to do.