T2 Cloud Raises $14 Million

T2 Cloud, an upcoming Chinese cloud provider, has raised RMB100 million or USD $14 million today in a series B round of investment.

This round of investment was led by an unnamed securities company along with a software and integrated system developer called Sinosoft Company Limited. In fact, as a part of the investment, T2 Cloud will partner with Sinosoft to enter the financial industry.

This round of investment is well in tune with the company’s aim to list itself on the domestic stock exchange within the next three years. While this may sound too ambitious in other countries, it’s definitely possible in China simply because the size of cloud computing market here is expected to reach RMB75 billion or USD$11 billion by the end of this year. Out of this, the private cloud market alone is likely to contribute RMB46 billion, that roughly translates to about USD $6.8 billion.

By 2020, the overall cloud market is expected to touch $20 billion and contribution from the private cloud market alone will be $12 billion. Considering this growth, T2 Cloud’s ambitious are not so lofty.

Founded in 2011 and headquartered in the capital city of Beijing, T2 Cloud has developed an open source platform called T2Cloud OS, an automatic tool for maintenance called MaigsStack, a few cloud security solutions and a hyper-converged hardware. It’s target customer base is companies that provide private, hybrid and industrial cloud solutions for different end-clients.

Within a short span of about six years, this company has racketed an impressive list of clients in various industries such as finance, energy, radio, television, government and the fast growing Internet of Things.

So, what made such a dream run possible?

One of the main reasons is that the company was founded with clear goals. Many clients that use open source software such as OpenStack have faced challenges with respect to operations and maintenance. To overcome these problems, T2 Cloud wanted to create solutions that would enable cross data center management, deep monitoring, daily scrutiny and more that would give its clients an edge over competitors who operate in the same segment. So far, it has been successful in its mission.

It’s little wonder then that this company was able to attract clients quickly. Along with good clients, came prospective investors who believed that the company could make it big. Before this round of investment, it raised RMB36 million or USD $5 million from companies like Lenovo Capital, Phoenix Tree Group and F&G Venture.

Overall, the prospects for T2 Cloud is big as it plans to put its proceeds in research and development along with market expansion.

The post T2 Cloud Raises $14 Million appeared first on Cloud News Daily.

Cisco admits to losing Meraki customer data in ‘erroneous policy change’

Cisco says it is ‘deeply regretful’ after admitting losing Meraki customer data from what it described as an erroneous policy change.

The data affected from Cisco Meraki, which offers cloud-controlled Wi-Fi, routing and security, included custom logos, floor plans, audio such as hold music and voicemail greetings, as well as custom enterprise applications. The company’s tagline reads: “Secure and scalable, Cisco Meraki enterprise networks simply work.”

“On August 3rd 2017, our engineering team made a configuration change that applied an erroneous policy to our North American object storage services and caused certain data uploaded prior to 11:20AM Pacific time on August 3 to be deleted,” the company wrote. “The issue has since been remediated and is no longer occurring.

“In the majority of cases, this issue will not impact network operations, but will be an inconvenience as some of your data may have been lost,” the note added. “Your network configuration data is not lost or impacted – this issue is limited to user-uploaded data.”

As noted elsewhere, a fair amount of this data will be in the ‘inconvenient’ rather than ‘disastrous’ category, as hold music and logos can be reuploaded, voicemail intros can be rerecorded, and so on.

Engineers had been working over the weekend to resolve the issues and assess what data could be recovered. The company is expecting to update by the end of August 7 with which resources will be made available to restore functionality.

You can read the full note here.

A GDPR Compliance Journey | @DevOpsSummit #BigData #DevOps #FinTech #AI #ML #DX

In preparation for General Data Protection Regulation (GDPR) compliance, a global 100 financial services organization embarked on a journey to assess its core information processing environments with the objective of identifying opportunities to strengthen its data privacy protection programs. This article focuses on the technology challenges, approach, and lessons learned for the centralized testing environment.

read more

[slides] #BigData Thrashing and Resolution | @CloudExpo #Analytics #AI #ML #DL #DX

Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs in both transaction processing and online analytical processing. Therefore, there is a growing need for support on thrashing using machine learning algorithms and solutions for use in “Big Data.”

read more

51 Useful #Docker Tools | @DevOpsSummit #CloudNative #DevOps #Serverless #Kubernetes

Docker is sweeping across startups and enterprises alike, changing the way we build and ship applications. It’s the most prominent and widely known software container platform, and it’s particularly useful for eliminating common challenges when collaborating on code (like the “it works on my machine” phenomenon that most devs know all too well). With Docker, you can run and manage apps side-by-side – in isolated containers – resulting in better compute density. It’s something that many developers don’t think about, but you can even use Docker with ASP.NET.

read more

DXWorldExpo to Sponsor @CloudExpo | #AI #DX #IoT #FinTech #SmartCities #DigitalTransformation

SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON’s 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.

read more

Datera to “Exhibit” at @CloudExpo | @DateraInc #CloudNative #DevOps #IoT #AI #DX #Serverless

SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named “Exhibitor” of SYS-CON’s 21st International Cloud Expo ®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.

Datera is transforming the traditional datacenter model through modern cloud simplicity.

The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big Data are challenging the existing design patterns of the Data Center. The increase in complexity of managing legacy systems alongside new systems is beyond the ability of most IT departments. This leads to multiple tiers of storage and high economic costs, during a time in which IT is expected to do more with less.

read more

From Water-Scrum-Fall to #DevSecOps | @DevOpsSummit #AI #DX #Scrum #Serverless #DevOps

As organizations abandon the waterfall method of software development for Agile, many are stuck in what Hasan Yasar terms Water-Scrum-Fall. That is, the organization has not effectively embraced Agile and DevOps principles and remains in silos with no links to business goals. Enter DevOps, an extension of Agile thinking. While Agile embraces constant change and embeds the customer into the process, DevOps embraces constant testing and delivery and embeds operations into the team to internalize expertise on deployment and maintenance.

read more

Workflow Automation| @CloudExpo @Accusoft #Agile #AI #DX #DevOps #Automation

These days, change is the only constant. In order to adapt and thrive in an ever-advancing and sometimes chaotic workforce, companies must leverage intelligent tools to streamline operations. While we’re only at the dawn of machine intelligence, using a workflow manager will benefit your company in both the short and long term. Think: reduced errors, improved efficiency and more empowered employees-and that’s just the start. Here are five other reasons workflow automation is leading a revolution in the 9-5 world.

read more

[session] Bringing Automation to Cloud Native Apps | @CloudExpo @EmboticsCorp #CMP #DevOps #CloudNative

As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that’s no longer enough to satisfy evolving and complex business requirements.
In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, will explore how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He will explain how automation, orchestration and governance are fundamental to managing today’s hybrid cloud environments and are critical for digital businesses to deliver services faster, with better user experience and higher quality, all while saving money.

read more