Keshawa Perera

Cloud_Tech_Quarterly_Report_Q1_24

Cloud tech Q1 24 Hero

Cloud Tech (Q1 2024): Powering the GenAI revolution

Building future-ready applications in the cloud

Cloud-native Tech

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        Cloud Tech continues to play a critical role in propelling the GenAI revolution
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        Funding remained sluggish despite Databank&rsquo;s mega round and a resurgence in Serverless computing
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        Collaborations in edge computing emerged to facilitate AI workloads
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  <ul>
    <li>
      <p>
        Cloud tech continues to play a critical role in propelling the GenAI revolution
      </p>
    </li>
    <li>
      <p>
        Funding remained sluggish despite Databank&rsquo;s mega round and a resurgence in funds raised by serverless computing
      </p>
    </li>
    <li>
      <p>
        Collaborations in edge computing emerged to facilitate AI workloads
      </p>
    </li>
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    A deep dive into Singlestore's financials, product, competitive environment, and market opportunities...
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        SingleStore has developed a hybrid transactional and analytical processing (HTAP) database to help companies handle transactions and analysis in one place, eliminating the need for multiple databases and ETL processes.
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        SingleStore is well-positioned to benefit from the ongoing shift of enterprise IT spending to the cloud, offering advantages in cloud migration and database consolidation, simplifying management, and reducing costs.
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        SingleStore expects more companies to adopt real-time analytics in the future. This would enable low-latency analysis on diverse applications.
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SingleStore: The convergence of real-time transactions and analytics databases

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        GenAI-based product innovations and partnerships drove the Cloud Tech industries in Q4 2023
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        Cloud Tech industries, excluding Serverless Computing, saw a funding rebound in Q4 2023
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        Broadcom wrapped up the VMware acquisition in an eventful quarter for Cloud Tech M&amp;A
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EDGE Insights