Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd., is a Taiwanese multinational electronics contract manufacturing company headquartered in Tucheng, New Taipei, Taiwan. It is the world's largest electronics contract manufacturer, and the fourth-largest information technology company by revenue. The company manufactures connectors for use in PCs in Taiwan and also manufactures connectors and cable assemblies worldwide. The company also manufactures enclosures, primarily for desktop PCs and PC servers. Foxconn is the registered trade name for the Company. Connectors & Cable Assemblies Connectors have applications in various industries - computers, automobiles, communications, consumer products, medical, and defense. Foxconn focuses on offering a range of connectors and cable assemblies for desktop and notebook PCs and PC peripherals. Approximately 500 types of connectors are produced and sold under the Company's own Foxconn brand name. Foxconn has branched into manufacturing connectors for communications and consumer products. PC Enclosures Foxconn manufactures PC enclosures for desktop computers. Depending on its client's specifications, the casings can be sold together with floppy disk drives, switching power supplies, connectors, cable assemblies, and riser cards. Foxconn provides integrated mechanical solutions for clients to deal with thermal, acoustic, environmental, mechanical, functional, and design problems. The Company primarily serves in Taiwan. In addition, it has distribution centers in various key cities in Asia, Europe, and America. Foxconn's principal manufacturing operations are based in Taiwan and mainland China. It has also set up production facilities in Europe and the United States. Foxconn is in the process of setting up new production facilities in Ireland and is also considering Central America as a production center. Significant Events Hon Hai Precision Industry Co., Ltd. has established a unit to enter the business of assembling liquid crystal display (LCD) televisions. The company and Chi Mei Optoelectronics Corp. have formed a joint venture, Ampower Holding Ltd, that makes inverters meant for television sets fitted with TFT-LCD screens. The company has formed a strategic partnership with United Keys, Inc. As part of this partnership, Foxconn would build display-key input devices using United Keys technology. Display keys are regular key switches with small OLED displays embedded in their tops. This allows interactive and image-based communication between software and users. On September 5, 2009, Sony Corporation announced that it had agreed to form a partnership with Hon Hai Precision Industry Co. Ltd. for the production of LCD TVs for the Americas region.

Foxconn Technology Group

Insight Partners is a global software investor that partners with growth-stage technology and software companies. Insight has a deep focus in Fintech, Cybersecurity, AI/ML, DevOps, and Healthcare sectors. Across their people and their portfolio, they encourage a culture around a core belief growth equals opportunity. As of December 31, 2022, the firm has over $75B in regulatory assets under management. Insight Partners has invested in more than 750 companies worldwide and has seen over 55 portfolio companies achieve an IPO.

Insight Partners

StormForge

StormForge, formerly Carbon Relay, brings together world-class data scientists and software engineers to enable businesses to drive breakthrough IT and operations efficiency. The StormForge Platform is set apart by its unwavering focus on building AI-powered software products that are designed to help people, not replace them. The Platform is built to help DevOps teams release with confidence and IT leaders to realize the promise of cloud-native – faster innovation with higher quality, resiliency, scalability, and efficiency. The company's solutions uniquely occupy a middle ground between machine and human intelligence where they leverage the strengths of both for maximum effectiveness. The StormForge Platform uses machine learning to drive major application performance gains and cost reductions in complex environments in development so that you can release with confidence. In February 2020, StormForge announced funding (as Carbon Relay) from Insight Partners to accelerate the growth of its Platform. StormForge was founded in 2015 and is based in Cambridge, MA, Washington, DC and Cologne, Germany. Learn more at: https://www.stormforge.io/.

Stormforge is a technology company offering a platform to optimize applications in Kubernetes environments.

Building future-ready applications in the cloud

Cloud-native Tech

Stormforge (formerly Carbon Relay) is a cloud-native technology company providing a platform for optimizing and managing Kubernetes resource efficiency at scale.

Platforms to make the most of cloud infrastructure

Cloud Optimization Tools

Stormforge

Stormforge shows survival crafting co-op isn't just for fair weather friends

Stormforge is a technology company offering a platform to optimize applications in Kubernetes environments.Stormforge is a Kubernetes resource management platform that consists of three components: Stormforge Optimize Live, Stormforge Optimize Pro, and Stormforge Performance Testing. It leverages machine learning to rightsize Kubernetes application resources through autoscaling to reduce cloud costs, improve performance, and provide application insights for improving cloud-native architecture.&nbsp;Stormforge follows a consumption-based sales model.Key customers and partnershipsThe company serves customers such as Acquia, Vorwerk, root360 (now a part of Skaylink), Shop Apotheke, and Galeria Kaufhof.&nbsp;Stormforge has partnered with Amazon Web Services and Datadog to improve its optimization capabilities.

SingleStore is a company that provides a distributed SQL database platform for real-time analytics and operational applications.SingleStore’s platform combines the scalability of NoSQL with the querying capabilities of SQL. It enables organizations to ingest, process, and analyze large volumes of data in real-time, making it ideal for applications that require fast and accurate data processing. SingleStore solves the problem of handling massive amounts of data and delivering real-time insights for use cases such as real-time analytics, operational analytics, and high-velocity transactional applications.SingleStore's competitive advantage is its ability to handle analytical and transactional workloads in a single platform. It allows businesses to consolidate their data infrastructure, simplifying management and reducing operational costs.SingleStore operates with a sales model that includes direct sales and partnerships with technology and solution providers. It offers different pricing and licensing options tailored to the needs of its customers, including subscription-based models.Key customers and partnershipsSingleStore serves some of the largest tech and non-tech enterprises across various industries, including Comcast, Cisco, Akamai Technologies, Fiverr, Goldman Sachs, Sony, Siemens, Hulu.SingleStore partners with all major cloud providers (AWS, Azure, Google Cloud, IBM Cloud) and has technology partnerships with Dell, Red Hat, Intel, HP Enterprise, and Looker.Funding and financialsAs of June 2023, SingleStore’s latest fundraising was in October 2022 from a USD 30 million Series F round led by Goldman Sachs Asset Management and Prosperity7 Ventures. The funds were slated to fuel SingleStore’s growth and various strategic initiatives.

SingleStore

Platform9 is an open-distributed cloud company that offers solutions for managing hybrid clouds, Kubernetes, and more. Platform9 offers several products and solutions, including Managed Kubernetes, Managed OpenStack, and Managed Bare Metal.Managed Kubernetes allows businesses to deploy and manage Kubernetes clusters across any infrastructure, while Managed OpenStack offers a simplified way to deploy and manage private clouds. Managed Bare Metal enables businesses to run Kubernetes, OpenStack, and other workloads on dedicated hardware with bare-metal performance.Platform9 claims to deliver a seamless Kubernetes experience across any infrastructure. Platform9's SaaS-managed Kubernetes solution offers a single view to manage Kubernetes clusters running on any cloud or on-premises infrastructure, including bare metal servers, vSphere, and public clouds such as AWS, Google Cloud Platform, and Azure, providing customers with a unified Kubernetes experience. In addition, Platform9 offers automated security patching, on-demand upgrades, self-healing clusters, multi-version support, and audit logging.Platform9 has a subscription-based sales model. It offers its services on a pay-as-you-go basis, with pricing based on the number of managed nodes or instances, with optional add-ons for additional features and support.Key customers and partnershipsPlatform9 targets enterprise customers who run and manage Kubernetes and cloud-native technologies on distributed cloud services, whether on-premises or in the public cloud. Its customers typically include large organizations with complex IT environments, such as financial services, healthcare, technology, and retail companies.As of mid-2022, Platform9 catered to more than 60 enterprise clients and powered 40,000 nodes across private, public, and edge clouds.Platform9 has partnerships with various cloud providers, including Amazon Web Services, Microsoft Azure, and Google Cloud. Additionally, in <a href="https://sp-edge.com/updates/32723">August 2024</a>, Platform9 partnered with Fairwinds, a managed Kubernetes-as-a-Service provider, to tackle issues related to Kubernetes over-provisioning and cost management costs in public cloud deployments.

Platform9

<div>
 
 Mirantis is a technology company that provides cloud-native software and services to help businesses modernize their IT infrastructure.&nbsp;
 
 
 Mirantis specializes in open-source software, focusing on Kubernetes, OpenStack, and related technologies. Its core offering is the Mirantis Cloud Native Platform, a managed Kubernetes service that provides a complete set of tools for deploying and managing containerized applications. The platform helps organizations adopt and scale Kubernetes quickly and easily, with features like automated provisioning, integrated monitoring, and self-service access to resources. Mirantis also offers professional services including consulting, training, and support for Kubernetes, OpenStack, and related technologies.
 
 
 Mirantis sells its products and services through a subscription-based model. Customers can choose from various annual subscription plans, depending on their needs.
 
 
 Key customers and partnerships
 
 
 Mirantis focuses on enterprise customers who deploy and manage large-scale private clouds. Some of its high-profile customers include Volkswagen Group, Soci&eacute;t&eacute; G&eacute;n&eacute;rale, S&amp;P Global, Paypal, Volkswagen, and GSK.
 
 
 Mirantis also has technology partnerships with several companies, including Arm, Cisco, Entrust, and Fujitsu, and hardware vendors like Dell EMC, Intel, and Supermicro.
 
 
 Funding and financials
 
 
 In 
 <a href="https://sp-edge.com/updates/22579">
 October 2023
 </a>
 , specialty finance company Horizon Technology Finance provided a USD 35 million venture loan facility to Mirantis, Inc. A sum of USD 20 million was initially funded.
 
</div>

Mirantis

Rafay Systems is a cloud-native platform that automates deployment, life cycle management, and scaling of containerized applications across all cloud infrastructure.Rafay's platform provides enterprises with the tools to deploy and manage containerized applications, microservices, and serverless functions in a scalable and efficient way. The platform provides features including multi-cluster management, automated workload scaling, automated application recovery, and granular application-level access controls. Rafay also provides a Kubernetes-native API gateway that simplifies managing and securing microservices, and includes capabilities to include support for graphics processing unit-based workloads.Additionally, Rafay Systems offers an AI suite to simplify AI application development and deployment. This suite includes pre-configured LLMOps Playgrounds, a turnkey MLOps pipeline, central management of LLM providers and prompts, and AI data source integrations and governance. It also offers a cost optimization suite to help IT professionals manage Kubernetes expenses with dynamic cluster scaling, auto-rightsizing, policy application, and simplified infrastructure.Rafay has a subscription-based sales model and offers its platform as a service. The pricing is based on the number of clusters, nodes per cluster, and the amount of data transferred.Key customers and partnershipsRafay’s target customer segments are enterprises, service providers, and software vendors. Some of its notable clients include Verizon, Equinix, Samsung, Moneygram, and the US Air Force.In 2022, Rafay launched its Technical Alliance Program (TAP), which brings together technology and solutions providers to develop joint solutions to simplify and streamline Kubernetes management and operations. Partners of the program include GitLab Inc., F5 NGINX, MinIO, New Relic, and Sysdig. Meanwhile, Rafay’s public cloud and managed Kubernetes partners include Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and Oracle.

Rafay Systems

Docker, Inc. is a technology company developing productivity tools centered around Docker, a software container platform that automates the deployment of code inside containers.Docker, Inc's major commercial products include Docker Hub, a central repository for containers, and Docker Desktop, a GUI application that enables Windows and Mac users to manage containers.Docker's ease of use, portability, resource efficiency, scalability, and strong ecosystem has made it a popular solution for deploying and managing applications in various environments.Docker has a subscription-based sales model. Docker also collaborates with various channel partners, including technology resellers, system integrators, and value-added distributors to expand its reach.Moreover, Docker has made several strategic acquisitions to enhance its capabilities: AtomicJar (2023), Nestybox (2022), SocketPlane (2015), and Tutum (2015), among others.Key customers and partnershipsAs of December 2022, the platform was used by more than 18 million developers. As of March 2022, the company served more than 56,000 commercial customers, including Adobe, Netflix, PayPal, Verizon, and Target.In <a href="https://sp-edge.com/updates/27771">March 2024</a>, Docker expanded its partnership with Red Hat to integrate Testcontainers Cloud into the Red Hat OpenShift platform. This partnership aimed to streamline the process of building cloud-native applications and facilitate real-world testing using Docker containers.Funding and financialsIn March 2022, Docker raised USD 105 million in a Series C round led by Bain Capital Ventures at a valuation of USD 2.1 billion. The funds were to accelerate investments in its product and go-to-market initiatives, such as increasing investments in developer productivity, trusted content, and ecosystem partnerships and investing in new channels and geographies.Docker’s annual recurring revenue (ARR) was more than USD 50 million in 2021.

Docker

Vendors offering cloud-native infrastructure or provisioning, which is the first layer in the cloud-native landscape. It encompasses tools to create and harden the foundation of cloud-native apps.

Vendors offering execution environment (runtime) solutions. This encompasses everything a container needs to run in a cloud-native environment, including the code used to start a container.

Vendors offering solutions for application definition and development. This layer focuses on the tools that enable engineers to build cloud-native applications

Vendors offering orchestration and management solutions including tools to handle running and connecting cloud-native applications.

Vendors offering observability, including tools to understand a cloud system from its external outputs, measured by CPU time, memory, disk space, latency, errors, etc.

Vendors that bundle different tools from different layers together into a platform, solving a larger problem. These can include an orchestration tool, a container runtime, service discovery, networking, an API gateway, etc.

Provide tools to design and build applications for deployment and operation in cloud environments

Disruptors are using Generative AI for AI-based assistants and help-bots, while others provide the technology for developing and deploying Gen AI applications and models.

Stormforge (formerly Carbon Relay) is a cloud-native technology company providing a platform for optimizing and managing Kubernetes resource efficiency at scale.The platform performs experiments simulating scenarios in development clusters and leverages machine learning to deliver automated observation-based proactive (non-production environments) and continuous (production environment) optimization to ensure application efficiency before deployment while reducing cloud costs.Stormforge operates a consumption-based sales model with pricing based on the number of vCPUs utilized for workloads.Key customers and partnershipsStormforge has partnerships with Kubernetes solution providers to enhance its ML-powered digital transformation solutions. Recent collaborations include DataDog (September 2022), a cloud monitoring and security application, and Kumina (April 2023), a fully managed Kubernetes solution provider. In <a href="https://sp-edge.com/updates/28833">April 2024</a>, Stormforge partnered with CloudBolt Software, a cloud automation and orchestration platform to help IT teams reduce Kubernetes costs using best FInOps practices.

Harness is a cloud-based end-to-end software delivery platform that provides cloud cost management (CCM), among other modules.Harness CCM offers a holistic set of features to facilitate cost optimization of the development pipeline. It provides a single customizable dashboard to unify data and insights across multiple departments and cloud vendors. Further, it delivers automated anomaly detection and resource allocation to optimize continuous delivery (CD) workflows and allows for seamless integration with existing monitoring tools for an overview of cloud spend.Harness operates a consumption-based sales model with pricing based on the annual cloud spend.Key customers and partnershipsHarness CCM’s clientele ranges from individuals to large-scale enterprises across various industries, including healthcare, IT, finance, service, and SaaS. Notable customers include Synopsys, Relativity, Discover Dollar, and Carvana.Harness collaborates with many industry leaders to ensure wide service provision and integrations with various tools and platforms. Some of its key technology partners are HashiCorp, Benchmark, and Insight.

Harness

Cloudchipr is a company specializing in cloud cost optimization and automation solutions.CloudChippr helps businesses reduce cloud expenses by identifying inefficiencies and recommending cost-saving measures. It provides real-time insights into cloud usage, automates cost allocation, and offers actionable recommendations for optimizing resources. Additionally, CloudChippr simplifies cloud management by integrating with popular cloud platforms, enabling organizations to maximize their cloud investments and minimize waste while ensuring optimal performance across cloud environments.Cloudchipr adopts a subscription-based approach.Key customers and partnershipsCloudchipr’s customer base includes DISQO, ServiceTitan, Activeloop, AimHub, Podcastle, and SuperAnnotate.Cloudchipr Cloud provides native integrations with AWS, Azure, and Google Cloud.

Cloudchipr

Vega Cloud is a technology company offering a cloud cost optimization and management platform.The Vega Cloud Platform provides visibility and organization of cloud infrastructure with a unified view across major cloud providers. Vega Cloud platform provides near real-time data to influence spending and make intelligent trade-off decisions between cost, quality, and speed. The platform's proprietary unit economics and outcomes-oriented approach to cloud infrastructure optimization uses data context and automation to help businesses make decisions efficiently.Vega Cloud employs a subscription-based pricing model.Key customers and partnershipsVega Cloud provides native integrations with AWS, Azure, and Google Cloud.The company’s clientele includes entertainment companies like CBS, Paramount, MTV, VH1 and others such as ITRON, Cal Poly, and ClearData.

Vega Cloud

StackZone offers a suite of technology solutions for optimizing and enhancing various aspects of AWS cloud operations.StackZone's range of products and features encompasses AWS management tools, infrastructure optimization solutions, security services, application performance management, cost optimization solutions, analytics and reporting, automation, and support/consulting services. These offerings cater to various IT aspects, including resource management, performance enhancement, cost reduction, security, and operational efficiency.StackZone employs a direct sales model.Key customers and partnershipsStackZone’s customer base includes enterprises in various industries. Among its customers are The Weir Group, Sigma Móvil, Vitaccess, Triario, and Keroppa.

StackZone

mist.io provides an open-source multi-cloud management platform aimed at optimizing costs and streamlining operations.mist.io’s unified dashboard and APIs provide real-time visibility into hybrid cloud environments to track, understand, and govern cloud spend and resource utilization. The platform also provides orchestration automation for repeatable deployments and the ability to create custom policies to control infrastructure access. Moreover, the platform eliminates the need for migration by allowing users to control legacy bare-metal servers from the same interface used for cloud infrastructure.The platform operates a pay-as-you-go and subscription-based sales model.Key customers and partnershipsmist.io is utilized globally in several industries. Some notable customers are SevOne, the European Parliament, the National Bank of Greece, the University of Colorado Boulder, and Windstream Enterprise.mist.io offers integrations with over 15 service providers and technologies. Some key technology integrators are AWS, Microsoft Azure, Google Cloud Platform, IBM Cloud, Alibaba Cloud, and VMware.

Mist.io

Tools that improve performance per spend by offering visibility and insights as well as leveraging pricing models such as reserved and spot instances. These also provide financial guardrails to enforce budgetary limits and other cost-saving opportunity recommendations

Tools designed to streamline and simplify various tasks and processes related to cloud computing. These help organizations manage and optimize their cloud infrastructure, improve operational efficiency, and reduce manual intervention

Tools that provide comprehensive features and functionalities to safeguard cloud resources and maintain adherence to industry-specific regulations for data protection and overall security

All companies in this hub provide optimization services for cloud-based platforms

Provides support for governance & regulatory compliance and transparency & insights regarding cloud spend

A few companies use AI/ML algorithms for workload optimization and deployment automation

PROMINENT_CATEGORY

<div>
 CloudBolt Software, a leader in cloud automation and orchestration, has announced a partnership with StormForge, a platform specializing in managing Kubernetes resources. The collaboration aims to enhance IT teams' ability to cut Kubernetes costs by leveraging top-tier FInOps tactics.
 As part of this partnership, StormForge's machine-learning algorithms will be incorporated into CloudBolt's FinOps solutions. This integration will help in optimizing Kubernetes clusters and provide real-time cost allocations. The end goal of this collaboration is to simplify the process for IT teams to monitor Kubernetes costs along with other IT platforms expenses, with the use of tools that promote proactive issue management.</div>

Stormforge

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless