investment Archives - DevOps Online North America https://devopsnews.online/tag/investment/ by 31 Media Ltd. Mon, 20 Jun 2022 10:16:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 Government of Canada to invest $3 million to support tech entrepreneurs https://devopsnews.online/government-of-canada-to-invest-3-million-to-support-tech-entrepreneurs/ Mon, 20 Jun 2022 10:16:36 +0000 https://devopsnews.online/?p=25465 It was recently announced that the government of Canada will invest over $3 million to support international tech entrepreneurs in southern Ontario. Indeed, the LatAm Startups Conference and the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) will be scaling a business support network and helping international start-ups in the technology sector to incorporate, do...

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It was recently announced that the government of Canada will invest over $3 million to support international tech entrepreneurs in southern Ontario.

Indeed, the LatAm Startups Conference and the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) will be scaling a business support network and helping international start-ups in the technology sector to incorporate, do business, and create jobs within southern Ontario. This will be done through Startup Programs for eligible international entrepreneurs.

The program aims to support underrepresented groups in the innovation economy by promoting the talents of women, youth, racialized individuals, and Indigenous Peoples. It will make sure to connect entrepreneurs with local talent through partnerships with community groups.

This investment will then strengthen the local economy and support southern Ontario as well as create good and secure jobs for Canadians. Sectors such as manufacturing, cleantech, and health and life sciences will be available to entrepreneurs to start and grow in Ontario.

Hence, the project will support 100 new international businesses, which will hopefully create 180 jobs and file 100 intellectual property registrations. It should also generate C$50 million in revenues and contribute to the commercialization of new clean technologies in southern Ontario.

 

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Sauce Labs secures £37.8m in growth funding from Riverwood Capital https://devopsnews.online/sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital/ Wed, 27 Mar 2019 15:43:56 +0000 https://www.devopsonline.co.uk/?p=16304 Sauce Labs, the San-Francisco-based cloud testing vendor, has secured $50m (£37.8m) in growth funding from Riverwood capital, according to a press release published on Tuesday (March.26th). Sauce Labs plans to use the investment to accelerate its core business growth and its investment in research and development, as they pursue strategic growth opportunities. In conjunction with...

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Sauce Labs, the San-Francisco-based cloud testing vendor, has secured $50m (£37.8m) in growth funding from Riverwood capital, according to a press release published on Tuesday (March.26th).

Sauce Labs plans to use the investment to accelerate its core business growth and its investment in research and development, as they pursue strategic growth opportunities.

In conjunction with the funding, Jeff Parks from Riverwood Capital will join the Sauce Labs board of directors.

Business growth

“As leading digital brands increasingly emphasise rapid delivery of flawless web and mobile applications, the global continuous testing market continues to grow and evolve,” said Charles Ramsey, CEO, Sauce Labs.

“With this new round of funding from Riverwood, Sauce Labs is well positioned to continue its rapid growth. We look forward to expanding our solution set, delivering innovations that define the future of continuous testing, and accelerating our customers’ digital journeys.”

The move comes at a time when digital transformation is driving a massive shift to DevOps-oriented, agile development processes. According to an IDC study, the worldwide DevOps software market forecast is to reach $8bn (£6m) by 2022, with a CAGR of 15.7%.

As more organisations undergo this major change to the way they develop and deliver applications, continuous testing has emerged as a lynchpin of the modern software delivery lifecycle process.

According to research from Forrester, 68% of agile teams now include testers, and quality has become an important metric that dev teams use to measure the quality of their service or product.

Riverwood Capital

“From day one, we were impressed by Sauce Labs’ history of market leadership, its commitment to engineering excellence, the passion of its employees and the loyalty of its customers,” said Jeff Parks, Co-Founder and Managing Partner, Riverwood Capital.

“We envision a day in the not-too-distant future in which every company in the world invests heavily in continuous testing, and we’re thrilled to partner with Charles and his world-class management team to help take Sauce Labs and its customers to new heights.”

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DevOps is a ‘waste of time if not fully committed’, says report https://devopsnews.online/devops-waste-time-not-fully-committed-says-report/ Thu, 10 Aug 2017 14:38:51 +0000 http://www.devopsonline.co.uk/?p=9797 A New Relic report 'Achieving Serverless Success with Dynamic Cloud and DevOps' suggests that DevOps is a waste of time if not “fully committed”

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A New Relic report Achieving Serverless Success with Dynamic Cloud and DevOps suggests that DevOps is a waste of time if not “fully committed”.

According to the survey carried out by the digital intelligence platform, 23% of participants that adopted the DevOps approach with moderate commitment ran into problems, as well as 21% with a low commitment to DevOps, while 57% with higher adoption rates saw better results.

In terms of improvement, 30% of high and moderate DevOps users saw a positive impact in the length of their development cycle, with 14% of low DevOps users reporting no change.

Only 17% of moderate DevOps users noticed a boost among application uptime, 22% of low DevOps users saw an improvement, as well as 44% of high DevOps users.

According to the report, engineers must be able to notice the impact DevOps has in order to achieve investment.

The report stated: “If engineers can’t connect their DevOps efforts to measurable improvements in outcomes that matter for their job and their career, your DevOps initiative may stall, wasting your investment and even leaving you worse off than when you started.”

The results conclude that moderate adopters ended up “worse off” than those with limited adoption, so businesses need to be “fully committed” with DevOps, or it’s a “waste of time”.

Written by Leah Alger

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OVH opens the ‘first of many’ datacentres https://devopsnews.online/ovh-opens-first-many-datacentres/ Wed, 02 Aug 2017 08:32:09 +0000 http://www.devopsonline.co.uk/?p=9720 OVH has opened its new datacentre in south east London for the first time

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OVH has opened its new datacentre in south east London for the first time.

The French cloud provider’s datacentre aims to provide better reliability, speed and security for customers invited by OVH to use its 40,000 servers and facilities.

OVH received €400million in funding from nine banking companies in June 2017 and a €250million investment from investment firms KKR and TowerBrook in October 2016.

OVH’s head, Hiren Parekh, said to Computer Weekly: “The UK market interfaces with international businesses, not only in Europe but around the world.

“So by having a physical presence in the UK, OVH is not only addressing the local market at SMEs or even large companies, we’re also supporting international trade through new and substantial export opportunities.”

Although its datacentre opening was delayed by several months, and external factors were given the blame, the company is planning to introduce two other datacentres, this time in the United States.

“Like all projects of this scale, there can be delays due to external causes, which are beyond OVH’s control. Because of the size of the project, it can be related to any works around the building – there are many different factors,” added Parekh.

Parekh also noted that he is hoping to open new facilities in Spain, Italy and the Netherlands by 2020.

By Leah Alger

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IoT ensures return on investment and big challenges, says report https://devopsnews.online/iot-ensures-return-investment-big-challenges-says-report/ Fri, 21 Jul 2017 08:41:36 +0000 http://www.devopsonline.co.uk/?p=9580 According to a new whitepaper research by Canonical called Defining IoT Business Models, IoT is ensuring a return on investment, representing big challenges for IoT professionals. The commercial service provider report highlights that despite IoT security being a widespread focus, 53% of survey respondents believe that “quantifying return on investment (ROI) and providing a clear...

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According to a new whitepaper research by Canonical called Defining IoT Business Models, IoT is ensuring a return on investment, representing big challenges for IoT professionals.

The commercial service provider report highlights that despite IoT security being a widespread focus, 53% of survey respondents believe that “quantifying return on investment (ROI) and providing a clear use case” is the most immediate IoT challenge, with 34% of IoT professionals believing that IoT should be their number one priority.

According to the report, the biggest immediate challenges faced by IoT professionals include:

  • Quantifying ROI – 53%
  • Device security and privacy – 45%
  • Lack of IoT infrastructure – 40%
  • Lack of budget/investment in IoT – 34%
  • Ensuring integration with the wider ecosystem – 29%
  • Device management/long-term support – 26%
  • Resistance from within the organisation – 25%
  • Ensuring regular updates are installed – 12%

Mike Bell, Employee Value Proposition (EVP) of IoT and Devices at Canonical, said, “The early internet of things was something of a gold rush, with vendors and developers jumping in to secure their share of an exciting and rapidly growing new market. Unfortunately, many of these businesses simply didn’t understand or evaluate how the IoT was going to deliver value – and apparently – the majority still don’t.

“As we move towards 2018, businesses are looking for new ways to ensure that their investments in the IoT are driving financial growth and that their business models will remain sustainable in the years to come.”

The report concludes that although IoT is valued over US$900billion, businesses still are not sure how to gain genuine business benefits or profit, with IoT professionals believing that they should be adopting more skills within the sector.

Written by Leah Alger

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