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      <p>
        Tilo, developer of the serverless data infrastructure tool &ldquo;TiloRes,&rdquo; raised EUR 1.2 million (USD 1.35 million) in pre-seed funding led by European VC Peak Capital with participation from Tiny VC, First Momentum Ventures, Enduring Ventures, and other angel investors.&nbsp;
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    <li>
      <p>
        Tilo is a German company that offers a serverless data infrastructure tool named &ldquo;TiloRes,&rdquo; primarily for financial services firms to deduplicate and connect data from a number of disparate sources and formats. The tool also allows data ingestion and real-time searches with reportedly unlimited serverless scaling.&nbsp;
      </p>
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  </ul>
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<div>
  <p>
    <a href="https://techcrunch.com/2022/01/31/berlins-tilo-raises-seed-round-to-tackle-unstructured-data-sets-with-a-serverless-platform/">
      Tech crunch
    </a>
  </p>
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Serverless Computing

Tilo raises EUR 1.2 million in pre-seed funding

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<p>Pinecone, a serverless vector database provider, now includes services for Google Cloud, Microsoft Azure in addition to AWS. They have also introduced features like bulk import capabilities, Role-Based Access Control (RBAC) for data governance, and a new software development kit (SDK) targeted towards .NET applications.</p>

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Pinecone expands serverless vector database to Google Cloud and Microsoft Azure

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 <p>Google Cloud has released a preview of NVIDIA L4 GPU support for its Cloud Run serverless platform. The aim of the update is to allow developers to deploy, scale, and optimize AI-based applications more effectively, specifically for AI inference tasks in real-time.</p>
 <p>The integration of NVIDIA L4 GPUs into Cloud Run provides support for GenAI models that are lightweight and small language models. The integration is claimed to provide video performance up to 120 times greater than CPUs and GenAI task performance that is 2.7 times higher than the performance of previous GPU generations.</p>
 <p>Various Google Cloud services, such as Google Kubernetes Engine and Google Compute Engine, are also included in the platform's flexibility.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Google's integration of NVIDIA L4 GPUs into Cloud Run represents a significant advancement in providing cost-effective AI solutions to meet rising demand. This development enhances real-time inference capabilities and reflects the broader industry's commitment to supporting high-performance AI infrastructure.</p>

Google adds NVIDIA L4 GPU support to Cloud Run

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 <p>Neon, a company offering serverless Postgres database solutions, has successfully garnered a total of USD 25 million in a strategic funding round. The round was spear-headed by Microsoft's venture arm M12, and saw participation from other investors including Abstract Ventures, General Catalyst, Menlo Ventures, and Notable Capital.</p>
 <p>Neon intends to use the injection of funds towards Research and Development, as well as expansion into the Microsoft Azure platform. They also aim to enhance and develop new database capabilities. In addition to these, the company has set a goal to increase its workforce from 100 to 120 by the end of this year, prioritizing recruitment for engineering roles.</p>
 
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Neon raises USD 25 million in strategic funding from Microsoft

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<p>Momento, a provider of serverless caching solutions, has successfully raised 15 million USD in a Series A funding round. This round saw participation from Bain Capital Ventures leading the investment, The General Partnership, as well as angel investors Marianna Tessel, Neha Narkhede, Don MacAskill, and John Lilly.</p>
<p>The fundraise will be instrumental in fortifying enterprise sales, enhancing the platform's functionalities to support emerging AI workloads, and upgrading infrastructure capabilities to serve larger audiences with reliability.</p>

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Momento raises USD 15 million in Series A funding for product development and sales efforts

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 <p>SurrealDB, a cloud database solution provider for serverless applications, secured USD 20 million in a Series A funding round. The round was spearheaded by FirstMark and Georgian, and also included Crew Capital and Alumni Ventures. This has brought the company's overall raised funds to USD 26 million.</p>
 <p>The newly raised funds will be utilised to expand the company and cater to the increasing demand for its unique multi-model database solution. SurrealDB also revealed the beta launch of its new product, Surreal Cloud.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Surreal Cloud is a cloud-native, multi-model database that offers scalability, resilience, transparent billing, and flexible usage limits, allowing developers to focus on building products without managing infrastructure.</p>

SurrealDB raises USD 20 million in Series A funding; announces launch of Surreal Cloud in beta

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<p>Amazon has unveiled a "streaming job mode" for Amazon EMR Serverless. This new feature is designed to analyze and process streaming data, offering high availability and failure resilience. It assures easy integration with various streaming services and automatically switches to functional availability zones during system issues. It also comes with automatic retry mechanisms for job failures.</p>

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Amazon introduces 'streaming job mode' for EMR Serverless

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 <p>Pinecone, a serverless vector database provider, has made its new product, Pinecone Serverless, available to the public. It was initially released in Public Preview mode in <a href="https://sp-edge.com/updates/25603"> January 2024 </a> .</p>
 <p>Over 20,000 organizations have used the product in the beta stage. Select customers, including Gong, Help Scout, New Relic, Notion, TaskUs, and You.com, are already running large, critical workloads with billions of vectors.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Pinecone Serverless is a serverless vector database designed for production deployments, enabling complex AI applications while reducing costs by up to 10x–100x by decoupling storage and computation and charging only for CPU time. It features advanced indexing, retrieval algorithms, and a multi-tenant compute layer, integrating with services like Anthropic and Vercel. Its key functions include vector search, RAG, knowledge extraction, and context generation, with "Private Endpoints" for secure connections to Amazon's virtual private clouds.</p>

Pinecone Serverless launches publicly after successful beta phase

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 <p>Vercel, a serverless platform for front-end, has secured USD 250 million in a Series E funding round. This round was spearheaded by Accel and saw contributions from current investors such as CRV, GV, Notable Capital, among others. The fundraising took place at a company valuation of USD 3.25 billion.</p>
 <p>The collected funding is set to be utilized for expanding the company's services to greater number of developers, users, and firms. It will also finance the development of Vercel's Generative UI product, "v0," and its AI Software Development Kit for crafting AI applications.</p>

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Vercel raises USD 250 million in Series E funding for product development

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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>

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

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 <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>
 
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All Updates

Tilo raises EUR 1.2 million in pre-seed funding

Pinecone expands serverless vector database to Google Cloud and Microsoft Azure

Google adds NVIDIA L4 GPU support to Cloud Run

Neon raises USD 25 million in strategic funding from Microsoft

Momento raises USD 15 million in Series A funding for product development and sales efforts

SurrealDB raises USD 20 million in Series A funding; announces launch of Surreal Cloud in beta

Amazon introduces 'streaming job mode' for EMR Serverless

Pinecone Serverless launches publicly after successful beta phase

Vercel raises USD 250 million in Series E funding for product development

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

Fermyon Technologies launches WebAssembly Platform for Kubernetes

Serverless Computing

Tilo raises EUR 1.2 million in pre-seed funding

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