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      <p>
        RunPod, a cloud computing platform that provides serverless GPU computing, raised USD 20 million in a seed funding round led by Intel Capital and Dell Technologies Capital, with participation from Julien Chaummond, Nat Friedman, and Adam Lewis.
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        The funds will be used to improve developer experiences and facilitate new partnerships and integrations, providing its clients with a foundation for developing custom AI models.
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  </ul>
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  <p>
    <a href="https://www.businesswire.com/news/home/20240508053225/en/RunPod-Raises-20M-in-Seed-Funding-Co-led-by-Intel-Capital-and-Dell-Technologies-Capital">
      Press release
    </a>
  </p>
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Serverless Computing

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<p>RunPod, a serverless GPU computing cloud platform, has generated USD 20 million in seed funding. The funding round included prominent participants like Intel Capital and Dell Technologies Capital, as well as Julien Chaummond, Nat Friedman, and Adam Lewis.</p>
<p>This funding will be directed towards enhancing the experience for developers and initiating new partnerships and integrations. The intent is to provide clients a robust foundation for developing custom AI models.</p>

</div>

RunPod raises USD 20 million in seed funding to enhance user experience

PROMINENT_CATEGORY

<div>
 
 <p>Fermyon Technologies has launched the Fermyon Platform for Kubernetes, providing WebAssembly support to Kubernetes. This platform allows for the deployment of WebAssembly apps to Kubernetes, irrespective of the user's experience level.</p>
 <p>Key features of this platform include enabling more workloads on Kubernetes clusters, scalability based on usage, the ability to run on self-hosted infrastructure and prevention of vendor lock-in.</p>
 <p>According to Fermyon, this new platform offers several benefits such as increased workload density per node, enhanced developer experience with the WebAssembly Component Model, and simplified Kubernetes implementation. It is capable of delivering over 1,500 serverless applications per Kubernetes node, reducing costs and boosting capacity.</p>
 
</div>

Fermyon Technologies launches WebAssembly Platform for Kubernetes

ANALYST_QUICK_TAKE

<div>
 
 <p>DBOS, a startup focused on database-oriented operating systems, successfully raised USD 8.5 million in a seed funding round. The lead investors were Engine Ventures and Construct Capital, with Sinewave and GutBrain Ventures also contributing.</p>
 <p>The company has designed an operating system that includes an integrated relational database that leverages SQL for numerous system features. DBOS positions itself as a strong competitor to Linux, asserting that it provides comparable performance but with added features. These unique characteristics include support for distributed application environments without the need for outside systems like Kubernetes.</p>
 
</div> <p><b>Analyst QuickTake</b> :<br>
 Founded by renowned computer scientists from MIT and Stanford, DBOS provides an innovative solution for managing operating systems for cloud application deployment. The system is built atop a high-performance database offering several advantages like strong security, simple system administration, rapid recovery from ransomware attacks, and more. The central idea behind DBOS is to treat operating system state management as a database problem. DBOS represents an innovative approach to cloud computing that challenges the traditional Linux/Kubernetes stack. It aims to replace the need for separate operating systems and container orchestration layers by consolidating these functions within the database.</p>

DBOS raises USD 8.5 million in seed funding; unveils database-powered OS

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 <p>Netlify introduces a new tool called "AI-enabled deploy assist" as a component of its Composable Web Platform. The tool is aimed at identifying problems in failed builds and providing recommended solutions, thereby offering relief to developers from extended error-logging and troubleshooting procedures. The tool's distinctive feature lies in its ability to provide actionable feedback on failed builds, enabling quick code corrections and reducing hurdles caused by failed builds.</p>
  
</div>

Netlify introduces AI-enabled deploy assist for enhanced web development

INCUMBENTS_PRESENT

<div>
 
 <p>Cloudflare, a renowned company in cloud network orchestration, has announced its acquisition of Nefeli Networks, a promising startup offering multi-cloud networking solutions. The transaction details regarding the cost and terms remain undisclosed.</p>
 
 <p>After acquiring Nefeli Networks, Cloudflare has plans to amalgamate Nefeli's unique technology with its proprietary tech, paving the way for the debut of Magic Cloud Networking. This novel service aims to offer businesses convenience in connecting and securing their public cloud environments. Moreover, Cloudflare intends to bolster its exhaustive SASE platform, Cloudflare One, by merging it with Magic Cloud Networking. It aims to achieve this integration as part of its unified platform in tandem with SASE and WAAP capabilities.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Nefeli Networks, founded in 2016 in Berkeley, California, specializes in developing advanced software for overseeing large networks. Its technology simplifies network management by streamlining orchestration and automation across various cloud environments. It offers a unified network management layer for cloud infrastructure deployments, enhancing efficiency for IT and DevOps teams. Magic Cloud Networking is one of a series of Cloudflare's recent offerings, following its launch of a <a href="https:<br>
//sp-edge.com/updates/27311"> Firewall for AI </a> to safeguard LLMs from harmful network traffic and its <a href="https:<br>
//sp-edge.com/updates/22901"> single-vendor SASE solution </a> .</p>

Cloudflare acquires Nefeli Networks to launch Magic Cloud Networking

<div>
<p>Serverless Postgres solutions provider, Nile, has raised $11.6 million in seed funding from Benchmark, SV Angel and others. The funds will support product development and the launch of a public beta version of their platform. Nile is a serverless relational database management system, which allows SaaS developers to control user data and isolate performance between tenants. Other features include tenant-specific backups, different computing resources placement options, customer-specific vector embeddings and instant tenant admin dashboards.</p>
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Nile raises USD 11.6 million in seed funding

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 <p>Inngest, a serverless workflows platform, raised USD 6.1 million in a funding round led by Andreessen Horowitz and included participation from GGV, Afore Capital, and Guillermo Rauch. Plans for the secured funds include team expansion and service reliability enhancements.&nbsp;</p>
 <p>The platform also unveiled new features. These encompass a tool for bulk re-running of failed jobs, new observability tools, and expanded language support with seamless transition between Python and Go SDKs.</p>
 
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Inngest raises USD 6.1 million in funding; launches new serverless features

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<p>Pinecone, a vector database provider, has launched Pinecone Serverless to help enterprises develop complex AI applications and reduce costs. The serverless vector database separates reads, writes, and storage, and contains new indexing and retrieval algorithms for fast vector search. It also has a multi-tenant compute layer. Pinecone asserts the serverless nature of the product eliminates infrastructure management for developers, reducing costs by up to 10x–100x. The product integrates with various AI and back-end services, such as Anthropic, Anyscale, Cohere, Confluent, LangChain, Pulumi, and Vercel.&nbsp;</p>
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Pinecone launches Pinecone Serverless with enhanced serverless architecture

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<p>Amazon announced new serverless offerings for Aurora, ElastiCache, and Redshift at AWS re:Invent. Aurora Serverless allows for quicker and more precise scaling of the serverless database, with automatic database sharding. ElastiCache Serverless improves response times and reduces database costs. Amazon Redshift data warehouses now have an AI-based system that optimizes and scales based on query norms and data volumes.</p>
 
</div> <p><b>Analyst Quicktake:</b> This news comes just a few weeks after Amazon announced a <a href="https://sp-edge.com/updates/23799"> MaxRPU feature </a> for improved control in Redshift Serverless. Moreover, it also follows the company’s trend of announcing new features in its serverless portfolio of products at its “Re:Invent” conference. Last year’s conference saw the company announcing a number of serverless features, including <a href="https://sp-edge.com/updates/15037"> Application Composer </a> , a low-code tool for creating serverless applications via a drag-and-drop interface, as well as <a href="https://sp-edge.com/updates/14948?industryIds=25"> Snapstart </a> , a feature that reduces the time taken for AWS Lambda virtual machines to start up after a function isn’t used for a while.</p>

Amazon launches three serverless offerings at AWS re:Invent

<div>
  <ul>
    <li><p>Redshift Serverless, a product by AWS, has introduced MaxRPU to set an upper limit on compute resources for cost control.</p></li>
    <li><p>MaxRPU allows dynamic regulation of compute usage and enhances cost predictability for Redshift Serverless workloads.</p></li>
    <li><p>MaxRPU can be modified through the Amazon Redshift management console or API and is available in all regions.</p></li>
  </ul>
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All Updates

RunPod raises USD 20 million in seed funding to enhance user experience

Fermyon Technologies launches WebAssembly Platform for Kubernetes

DBOS raises USD 8.5 million in seed funding; unveils database-powered OS

Netlify introduces AI-enabled deploy assist for enhanced web development

Cloudflare acquires Nefeli Networks to launch Magic Cloud Networking

Nile raises USD 11.6 million in seed funding

Inngest raises USD 6.1 million in funding; launches new serverless features

Pinecone launches Pinecone Serverless with enhanced serverless architecture

Amazon launches three serverless offerings at AWS re:Invent

AWS introduces MaxRPU feature for improved control in Redshift Serverless

Serverless Computing

RunPod raises USD 20 million in seed funding to enhance user experience

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