Aug. 29, 2016Canalyst, an equity research tool provider for institutional finance professionals, announced today the closing of its oversubscribed $2.7 million seed financing led by Vanedge Capital. Canalyst will use the funding to expand its coverage universe and platform capabilities.

“We’re absolutely thrilled to be working with Vanedge,” said Damir Hot, CEO of Canalyst. “In Vanedge, we have a partner who appreciates the magnitude of the opportunity in institutional-focused fintech, and shares our vision for modernizing the equity research function. Plus, they have a fantastic track record of enabling early-stage disruptive technologies to scale and expand into new markets.”

The Vanedge-led investment enables Canalyst to accelerate its entry into the Canadian and US markets while continuing to invest in cloud-based product R&D. This is Vanedge’s second fintech investment, with payment analytics company Control coming on last year.

“The brokerage industry has traditionally been a key source of financial analysis for investors,” noted Paul Lee, CFA, Managing Partner of Vanedge Capital. “However, the industry today is under tremendous pressure, trading revenues have plummeted, and forward-looking analysis is available on an ever-shrinking coverage universe. Investors are looking for quality independent research on the full range of public equities so that they can compare, contrast, perform scenario analysis, and affect investment strategies accordingly. We believe Canalyst can provide the tools and forward-looking financial models that these investors need. We are excited by what has been accomplished in Canada so far and encouraged by the progress toward their US product launch this fall.

Canalyst’s first product tackles the unstructured data of Canadian public company filings, transforming it into user-friendly, working models accessible through a Software-as-a-Service subscription. Its commitment to accuracy has helped Canalyst gain traction quickly since the company’s founding in 2015, empowering buyside and sellside firms to adapt to these recent changes in the industry.

“Canalyst has saved our investment team many hours in critical situations by allowing us to focus on investment strategies and themes rather than building spreadsheets,” Dan Lloyd, Portfolio Manager of Sui Generis Investment Partners. “Once in the stock analysis stage of our process, we confidently rely on Canalyst models; they are exceptionally detailed and intuitive – a very unique combination.”

About Vanedge Capital

Vanedge Capital is a Vancouver, Canada based venture capital fund focused on investments in enterprise software, IT security, and digital media businesses. The fund managers have built and led world-class companies using a unique combination of operating leadership and management; subject matter expertise; relationships with technology, creative, and management talent; and a proven ability to pick hits to generate out-sized returns.

For more information, visit www.vanedgecapital.com.

About Canalyst

Based in downtown Vancouver, Canada, Canalyst is a fast-growing fintech company serving both the sellside and buyside of the financial industry. Their equity research platform helps analysts and portfolio managers save time in their research, efficiently ramp up and expand coverage, and generate better investment ideas.

Visit www.canalyst.com for a free trial or to apply to join our growing team!

SOURCE Canalyst

For further information: Media Contact: Ashley Hargreaves, +1 604 336 5750, media@canalyst.com

1.1 Billion Taxi Rides with MapD & 8 Nvidia Tesla K80s

For most of 2016 I’ve been using a dataset of 1.1 billion taxi journeys made in New York City over the course of six years to benchmark various Big Data solutions. Though these aren’t apples-for-apples comparisons, I’ve benchmarked BigQuery, Elasticsearch, Presto on EMR and Dataproc, PostgreSQL and Redshift using the same dataset.

So far all of the benchmarks have a common theme in that they are running on Intel CPUs. Probably the most dramatic difference between using GPUs versus a run-of-the-mill CPU is that memory read speeds should be able to hit 300 GB/s due to a much wider bus whereas with CPUs you’re looking at closer to 20 GB/s. This, coupled with a number of other architectural differences has resulted in some of my benchmark queries running 55x quicker than the fastest benchmarks I’ve performed in the past.

A Supercomputer Up & Running

MapD have been kind enough to grant me access to a machine that I’ll use to benchmark their GPU-based database software with the 1.1 billion taxi trips dataset. The machine I’ll be using would have been one of the world’s 20 fastest computers 10 years ago. It has 8 x Nvidia Telsa K80s, each with 2 GPUs per card. The K80 has 2.91 teraflops of double-precision performance and 8.73 teraflops single-precision performance giving me 23.28 and 69.84 teraflops of performance respectively.

The following is the output from Nvidia’s system management interface showing various diagnostics of the GPU cluster

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The smartest startups invest in their sales team early and often

In the early days, many high-tech startups are focused on the product more than on selling it. Here’s why they should rethink that balance

Vidyard’s office in Kitchener, Ontario

Vidyard’s office in Kitchener, Ontario. (Anthony Reinhard/Vidyard/Communitech)

When Michael Litt’s company was first starting out, he spent a lot of time on the phone.

In 2011 Vidyard, the Kitchener-based video marketing platform Litt co-founded the previous year, was enrolled in Silicon Valley startup incubator Y-Combinator. “We had this four-month window to build as much traction as we could, and then we’d stand the company in front of investors and try to raise money,” he recalls. To get to a single potential customer who might pay for the product, Litt had to have a lot of unsuccessful conversations. “I set myself a benchmark of doing a hundred calls a day,” he explains. “I would sit there for like eight hours and try to find people.”

Canada’s thriving startup scene is producing plenty of creative ideas and innovative products. But here—as elsewhere in a tech sector that’s being driven by billions in less-than-discriminating venture capital dollars—revenue hasn’t necessarily followed. A lack of know-how, talent, or just simply interest leaves some companies facing a sales shortfall. To continue to grow, they’ll need to fix it.

Startups often focus on product development and engineering to the exclusion of revenue, says Steve McCartney, vice-president of startup services at Communitech. “The techier they are—and some of them are brilliant—the less inclined they are to go seeking clients that will give them money,” he observes. “They’re enchanted by the technology.” Young founders prefer to tinker with their product rather than do the tough work of knocking on doors to hawk their wares.

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Construction tech, while still nascent, is a growing industry with funding growing 5x in 2015 alone. The category may continue to be hot as investor Conor Sen believes the construction and housing industries in the US are poised for a long boom. He writes:

The bigger business story over the next five years is, however, going to be something different: a capacity-constrained U.S. economy where the housing sector is taking “inputs,” like labor and capital, from all other sectors. Housing is set to eat the U.S. economy.

Using CB Insights and analytics, we identified 30 startups working in construction tech, and categorized them into a market map spanning 7 key emerging categories such as analytics and frontier tech applications.

Check it out below.

Our construction tech category encompasses all the software tools and platforms used by different participants in the industry including architects, developers, builders, and contractors.

CONSTRUCTION.TECH._market.map_6.16_v4

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Cybercrime is estimated to cost organizations $500 billion to $2 trillion by 2019. In light of this striking projection, startups have been popping up to protect against cybersecurity risk by offering advanced technological solutions to organizations worldwide.

Given that cyber security is a hot security topic for any organization, venture capitalists have funneled investment into promising cybercrime-fighting startups. Multi-cloud security platform vArmour recently raises $41 million in Series D funding from strategic investors including Redline Capital and Telstra.(To learn more, read: Cybercrime: #1 Disruptive Threat to Markets?)

Meeting a Desperate Cybersecurity Demand
VArmour boasts an “economical tool” to protect against cybercrime risk via security solutions for enterprises that run services and apps across multiple clouds.

Telstra, a large Australian multinational carrier led the $41 million Series D funding round. The strategic investment will not only provide the cash flow vArmour needs to grow into its next stage of development, but it will help Telstra build out its managed services business.

This latest Series D funding round brings vArmour’s total capital investment to $83 million. Like many enterprise startups with cutting-edge solutions, vArmour has maintained a revenue generating business model since day one. Although the company is silent regarding its client list for clear security purposes, the startup has announced that it has 165 customers globally, covering 100,000 virtual machines. Customers range from government bodies, financial institutions, retailers, carriers and healthcare institutions. VArmour CEO Tim Eades claims the product is not only more cost effective, but more efficient, and can be installed in just 15 minutes.

Organizations including the Society for Worldwide Interbank Financial Telecommunication (SWIFT) have launched entirely new initiatives following recent bank hacks in Asia that took $81 million out of the Federal Reserve Bank of New York. Other groups of hackers, such as a criminal gang dubbed “Carbanak” have hit hundreds of banks over the past few years, in an estimated $1 billion cyber heist.

The Bottom Line

Given the recent rise in cybercrime, vArmour is popular among a broad customer base and investors, who have funneled in a total of $83 million into the cyber security service startup. vArmour’s solutions differentiate from other enterprise security companies by defending an organization’s data from the inside, instead of the perimeter. The software sits inside the network, and when it detects a problem, it segments it off, saving the organization potentially millions in losses. As organized crime develops sophisticated hacking capabilities, startups such as vArmour become more of a necessity for institutions worldwide. (Also, see:Cybersecurity Startups Are an Emerging Trend.)

Original At

http://www.investopedia.com/articles/markets/060316/varmour-raises-41-million-combat-rising-cybercrime.asp

 

Advancing Real-World Evidence Technology to Drive R&D and Commercial Performance

DANBURY, Conn.–(BUSINESS WIRE)–IMS Health (NYSE:IMS) has acquired Privacy Analytics Incorporated, a leader in technology solutions for de-identifying and anonymizing healthcare information, to extend its robust Real-World Evidence (RWE) capabilities. Affirming IMS Health’s long-standing practices for safeguarding patient privacy, the acquisition advances the company’s ability to help life sciences clients drive R&D and commercial performance and demonstrate treatment value in real-world settings. It also reinforces IMS Health’s role as a partner of choice for health systems, payers, providers and researchers as they seek new insights from healthcare data—with strong support for responsible privacy management.

“Applying this proven standard globally, we can unleash the full potential of end-to-end RWE insights, from clinical trials through commercial execution. Privacy Analytics extends our ability to connect healthcare stakeholders—ultimately helping to improve the health of patients and the care delivery systems serving them.”

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Canada-based Privacy Analytics offers an innovative suite of data governance software and advisory services that enable stakeholders to optimize benefits of the growing volume and availability of new, complex datasets while protecting patient privacy. Solutions include scalable tools for de-identifying and anonymizing structured and unstructured patient-level data. Combining Privacy Analytics’ proprietary capabilities—a proven standard for safeguarding personal health information and ensuring privacy compliance—with IMS Health’s mission-critical anonymous information, data management capabilities, and scientific and commercial expertise will enhance the usability of real-world data globally.

“Our team of healthcare data privacy experts has pioneered the methodologies, software and services that enable responsible use of complex health information,” said Khaled El Emam, founder and CEO, Privacy Analytics. “We are excited to join IMS Health, which offers us a global platform and leading-edge technologies that bring our privacy compliance innovations to a broader client base across life sciences and healthcare.”

Privacy Analytics’ capabilities will be used across IMS Health to develop innovative approaches and enhance existing methods for ensuring the responsible use of anonymous healthcare information. In addition, the solutions will continue to be offered to Privacy Analytics and IMS Health clients as an independent suite of products.

“This acquisition strengthens our role as a leading patient privacy and data protection advocate while increasing the value clients across healthcare can realize from real-world evidence,” said Jon Resnick, vice president and general manager, RWE Solutions, IMS Health. “Applying this proven standard globally, we can unleash the full potential of end-to-end RWE insights, from clinical trials through commercial execution. Privacy Analytics extends our ability to connect healthcare stakeholders—ultimately helping to improve the health of patients and the care delivery systems serving them.”

About IMS Health

IMS Health is a leading global information and technology services company providing clients in the healthcare industry with end-to-end solutions to measure and improve their performance. Our 7,000 services experts connect configurable SaaS applications to 15+ petabytes of complex healthcare data in the IMS One™ cloud platform, delivering unique insights into diseases, treatments, costs and outcomes. The company’s 15,000 employees blend global consistency and local market knowledge across 100 countries to help clients run their operations more efficiently. Customers include pharmaceutical, consumer health and medical device manufacturers and distributors, providers, payers, government agencies, policymakers, researchers and the financial community.

As a global leader in protecting individual patient privacy, IMS Health uses anonymous healthcare data to deliver critical, real-world disease and treatment insights. These insights help biotech and pharmaceutical companies, medical researchers, government agencies, payers and other healthcare stakeholders to identify unmet treatment needs and understand the effectiveness and value of pharmaceutical products in improving overall health outcomes. Additional information is available at www.imshealth.com.

About Privacy Analytics

Privacy Analytics enables healthcare organizations to quickly and easily apply a risk-based responsible de-identification methodology that ensures individual privacy and legal compliance. Privacy Analytics is the only company to offer expert training, software, peer-reviewed methodology and valued-added services that protect the privacy of individuals while enabling organizations to share data for secondary purposes. Privacy Analytics’ customers represent half of Fortune 50 healthcare companies. Privacy Analytics’ software is compliant with regulations and globally accepted standards and guidelines, including those from the Institute of Medicine (IOM), Health Information Trust Alliance (HITRUST), PhUSE, the Council of Canadian Academies, as well as HIPAA and the EU Data Protection Directive 95/46/EC. Additional information is available at www.privacy-analytics.com.

Contacts

IMS Health
Media Relations
Tor Constantino, +1-484-567-6732
tconstantino@us.imshealth.com

downloadDavid Helgason cofounded Unity Technologies in 2003 to make a game engine that could help democratize game development. Over more than a decade, he guided the company on that mission and achieved great success.

Unity is now one of the world’s most popular game engines, with more than 5.5 million registered users. Games built with Unity account for 30 percent of the top 1000 grossing games and reach more than 1.5 billion devices. Things went so well that Helgason stepped down from Unity’s CEO job in October 2014, and he turned the job over to John Riccitiello, former CEO of Electronic Arts. (Riccitiello will speak at our GamesBeat Summit event on May 3-4 in Sausalito, Calif.). And Unity is reportedly seeking to raise a round of money at a valuation of $1.5 billion.

But Unity faces tough competition, and its mission isn’t done. We talked with Helgason in a fireside chat at the Quo Vadis game conference in Berlin last week. Helgason said that democratizing game development still has a ways to go, and game developers now need help in monetization and services that extend well beyond game design. It still takes, for instance, a lot of coding knowledge to be able to use Unity to make a game.

We talked about these challenges, as well as Helgason’s predictions for VR and the future of mobile games. Here’s a edited transcript of our talk. We’ll have part two of our conversation, on the openness of Windows, in a post that runs on Sunday morning. (Here’s part two).

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 WSJ_facebookWomen in the World in Association with The New York Times – WITW

Since their college years at Western University in Canada, Mallorie Brodie and Lauren Lake have been working together to make the construction industry run more smoothly. The pair of 24-year-olds are from families with ties to the industry, so they were well-versed in the dynamic nature of such projects.

“With so many moving parts on a job site, so much can go wrong,” Brodie told Forbes. They built Bridgit, a web and mobile platform that launched in 2014, to digitize document tracking — a virtual “punch list” to keep the construction site on task. After their latest $1.7 million round of funding, the pair employs 17 people — 50 percent of whom are women, including engineers — and gained a win at Google’s primer Demo Day for women entrepreneurs.

For years, they researched by “crane hunting” across Ontario and talking to workers — mostly male builders, supervisors and contractors — about their day-to-day job frustrations. “They weren’t surprised that we were women,” Brodie said. “They were surprised that anyone at all was coming to help them with their everyday life. They were very open to it — and open to referring us.”
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Original New York Times article at

http://nytlive.nytimes.com/womenintheworld/2016/04/22/meet-the-24-year-old-women-streamlining-the-construction-industry/

Forbes_logo.svgTwo 24-Year-Old Women Raise $1.7M For Tech To Streamline Construction Projects

When Mallorie Brodie and Lauren Lake were college students at Canada’s Western University , they’d get up early and go “crane hunting,” as they called it, around southwestern Ontario.

“We’d drive around before class and spot large construction sites,” said Brodie. The two, now both 24, would interview workers — builders, managers, contractors — about what frustrations they encountered when trying to get a job done.

BridgitFounders1-e1461000365401-1200x1072

What emerged over eight months of research was that communication within the industry was decidedly analog.

Contractors were keeping track of to-do lists on sticky notes, and nailing scribbled plans to walls. The more organized of the bunch kept spreadsheets of different tasks, then emailed or phoned in requests to the appropriate subcontractors.

There was plenty of room for improvement. Enter Bridgit, Brodie and Lake’s technology startup, which has just raised a $1.7 million seed round.

Bridgit’s web and mobile platform acts as a digital “punch list,” to use the industry term for a document tracking incomplete or incorrect tasks on a construction project.

“With so many moving parts on a job site, so much can go wrong,” Brodie said. “Maybe drywall went up 6 inches to the right of where it should be, so needs to be taken down. Maybe there are cracked tiles.”

BridgitApp-1200x1921

Two 24-Year-Old Women Raise $1.7M For Tech To Streamline Construction Projects – Forbes#6d3ff6fa2468#6d3ff6fa2468#6d3ff6fa2468

Since its 2014 launch, Bridgit has signed up more than 100 contractors, including large companies in U.S. markets like Miami, with its constant condominium development, and Seattle, where Compass Construction uses it on 18 active projects.

The startup’s also racked up accolades, including a big win at Google’s first Demo Day for women entrepreneurs. Brodie and Lake beat out 450 applicants from 40 countries to make the final group of 11 teams picked to pitch at the event.

Chicago’s Hyde Park Venture Partners led this month’s $1.7 million round, with Vancouver’s Vanedge Capital also participating. Existing investors include New York angel Joanne Wilson, known for investing in women-led businesses, and Rypple co-founder Daniel Debow.

While Brodie and Lake have no plans to leave Canada’s tech hub of Kitchener-Waterloo, they said they’ll use part of the funding to acquire more U.S. customers, as well as adding engineers and salespeople to their team of 17.

Both women grew up in families with roots in the steel, construction and real estate sectors. Brodie studied entrepreneurship in college; Lake focused on civil construction engineering.

Nevertheless, they’ve been greeted with the occasional quizzical look when they tell people they run a tech startup focused on the construction industry.

“We have a much higher proportion of male than female customers,” said Brodie, noting that she’s been careful that her own staff is 50% women, including engineers.

Still, she can’t remember any contractors on job sites reacting with particular shock at two 20-year-old women jumping out of a pick-up truck when she and Lake went “crane hunting” in the early days.

“They weren’t surprised that we were women,” Brodie said. “They were surprised that anyone at all was coming to help them with their everyday life. They were very open to it — and open to referring us.”


Forbes Article at

http://www.forbes.com/sites/clareoconnor/2016/04/19/two-24-year-old-women-raise-1-7m-for-tech-to-streamline-construction-projects/#6d3ff6fa2468

 

Cloud Computing News

2016 may well be the year where the software defined data centre (SDDC) will become a fixture in the US, according to a study released by Intel and HyTrust.

According to the report, which polled the views of more than 500 senior business executives, 65% of respondents – and 66% from the C-suite – expect increased adoption in this area, while 62% of CxO respondents argue there will be faster deployment in 2016, while roughly half expect greater tangible benefits (49%) and more adoption for network virtualisation (48%) respectively.

41% of those polled expect better alignment of security strategies specifically to address the SDDC, while half (50%) see greater use of public cloud and 38% see workloads traversing hybrid clouds and utilising hyper-converged infrastructure respectively.

Yet the outlook is not entirely sunny. 56% of those polled said a data centre outage would either be ‘likely’ or ‘most likely’ with the move to SDDC, while more than two thirds (67%) argue a data breach would be the highest concern. Loss of operational efficiencies (59%), lack of automation and orchestration (58%) and compliance or audit failure (58%) were also seen as likely issues.

Almost three quarters (74%) of the C-suite polled said they expect to see security as less of an obstacle to greater SDDC adoption, but despite this many of those polled do not have any illusions about the dangers of security. The position of the market right now is key and the survey reveals an interesting insight in this regard; 44% of those polled decry the lack of solutions from current vendors and the immaturity of vendor offerings. It is a view echoed by this publication; Michael Allen, CTO and EMEA VP of Dynatrace,told CloudTech that software defined networking (SDN) and the SDDC were at a similar level to where cloud computing was two years ago.

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Original article at

http://www.cloudcomputing-news.net/news/2016/apr/08/intel-and-hytrust-figures-indicate-confidence-software-defined-data-centre/

 

Boundless Exchange, a GIS content management platform powered by Open Source projects is now available. Boundless Exchange facilitates collaboration across an enterprise by providing integration of geospatial content and analysis into their business workflows.

Boundless Exchange supports collaborative editing. This allows teams or communities to contribute with crowdsourcing projects to add information. With versioned or non-versioned control, you can bring the power of GIS tools to everyone who wants to contribute. You control the project and the data, the team provides the skills.

Boundless Exchange is powered by GeoNode, GeoGig and Boundless Suite bringing the best geospatial tools together for unprecedented geospatial capabilities. Because the Boundless platform is open source, changing configurations to meet the needs of your growing business is easy, and the Boundless technical team is available to provide guidance and support.

Built for your enterprise, Boundless Exchange can power your organization both on premise and as a pure SaaS implementation, providing an open-source alternative to proprietary portal technologies.

“We are excited to be offering a full open-source alternative to proprietary GIS portals” comments Andy Dearing, CEO Boundless “At Boundless we are passionate about bringing the power of GIS to everyone and releasing Boundless Exchange is just one step to making it a reality.”

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Read original article at

Boundless Exchange Now Available

 

Washington Exec

HyTrust Inc. announced March 28 that Joanne O. Isham has joined the company’s Federal Advisory Board.

“We’re privileged to have Joanne join our Federal Advisory Board and help us identify and pursue key target markets with innovative security solutions,” HyTrust Chairman and CEO John De Santis said. “She brings both the depth and the diversity we need to create and offer virtualization and cloud technologies that government agencies can rapidly deploy to respond to market forces while continuing to reduce costs. We’re thrilled to have her on board and look forward to working together for a long time.”

“My career has led me in many different directions, but I’ve always been drawn to institutions and roles that seek to strike the right balance between security and innovation,” Isham noted. “I believe HyTrust is in exactly that position. Virtualization and the cloud clearly offer tremendous benefits ranging from lower costs to greater flexibility, but each organization has its own priorities and challenges. I look forward to helping this company take its exciting solutions much further into the government market.”

Isham previously served as a career officer with the CIA and has also held several senior management positions in the intelligence community, including Deputy Director of the National Geospatial-Intelligence Agency (NGA) and Deputy Director for Science and Technology at the CIA.

Her work has included serving as Director of Congressional Affairs for the Director of Central Intelligence, Deputy Director of the Resource Management Office of the Community Management Staff (CMS) and as CMS’s Director of Program Analysis. She also spent a number of years on assignment with the National Reconnaissance Office as Director of Legislative Affairs, a program monitor for National Programs, and a program manager.

Isham has been recognized for her service on numerous occasions. Her honors include the National Intelligence Distinguished Service Medal, Department of Defense Distinguished Civilian Service Award, National Intelligence Medal of Achievement, CIA Distinguished Intelligence Medal, NGA Distinguished Intelligence Medal and the Defense Intelligence Agency’s Director’s Awards.

Her work in the private sector includes serving as the Chief Operating Officer at High Performance Technologies Inc. (HPTi) and VP and Deputy GM of Network Systems at BAE Systems.

She is currently an independent consultant, working with a variety of clients in the defense and intelligence sectors to develop strategies, identify high-value opportunities, address critical challenges and transform their business.

The Federal Advisory Board, which was formed last year to help the company build on its momentum in the public sector, comprises members with distinguished track records in the defense sector and other government agencies, along with technology security veterans. The goal is to assist government agencies in achieving the cost and agility benefits of cloud and virtualization technologies while ensuring that mission information is protected.

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Original article at Washington Exec

logo-barronsBarron’s Tech Trader Daily

A year ago, I had a great conversation with database legendMichael Stonebraker, a professor at MIT‘s Computer Science and Artificial Intelligence Lab.

Among the many trends that Stonebraker mentioned at the cutting edge of database technology is the use of graphics chips, so-called graphics processing units, or GPUs, to accelerate database operations. These include parts from, most prominently, Nvidia(NVDA) and AMD (AMD).

Today I had the pleasure of talking with a rising young database star who’s come out of that same CSAIL lab and making the research into GPU-driven database work a reality, Todd Mostak, who is CEO and Founder of a startup called MapD.

MapD makes a relational database management system that runs part of its operations, the most compute-intense operations, on Nvidia GPUs.

Nvidia is an investor in a new, $10 million round of funding, along with Vanedge Capital, Verizon Ventures, and GV (the former Google Ventures.) The company has customers using the product, including Verizon.

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WSJ_facebookVanedge Capital led the round, which had participation from Verizon Ventures, Nvidia Corporation and GV.

Todd Mostak couldn’t have predicted that his time in Cairo as an Arabic-English translator or as a student of Middle East studies at Harvard University would eventually lead him to a startup.

But as he was working on his thesis about social media in the Arab Spring, he realized there were no databases or visualization tools fast enough to do the kind of analysis he needed. So he decided to make his own while taking a class at Massachusetts Institute of Technology.

The result of his path was the GPU-powered database and analytics suite that is now known as MapD Technologies Inc. The startup, founded in 2013, recently closed $10 million in Series A funding led by Vanedge Capital, which had participation from Verizon Ventures,Nvidia Corporation and GV, formerly Google Ventures.

Mr. Mostak declined to disclose the company’s valuation but said it has raised $12 million to date.

Many data tools today are powered by CPUs, or central processing units. MapD is instead powered by graphics cards, known as GPUs. CPUs only consist of a few cores optimized for sequential serial processing, but GPUs have thousands of smaller, more efficient cores that can handle many tasks simultaneously.

MapD uses these chips to power SQL queries. The tool has a wide variety of applications for large sets of enterprise data. It has been used for social media analytics at companies such as Facebook, business intelligence at companies the likes of Verizon and recently has even been used by government agencies.

Though the buzzword “big data” is often used to describe his startup, Mr. Mostak thinks the company falls into an emerging category. He said the company deals with tens of gigabytes to tens of terabytes of working data.

“Its allows you to be very interactive with it,” Mr. Mostak said. “I would say we’re ‘fast data.’”

The company offers two products, a database and a visualization platform.

MapD has about 20 employees, and it recently took its product to market. The company has seven clients, and Mr. Mostak said the recent funding will be used toward hiring and sales.

Read more about how innovation in GPUs is making MapD even faster on Dow Jones VentureWire

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Original Article at

http://blogs.wsj.com/venturecapital/2016/03/30/mapd-locates-10-million-series-a-for-faster-databases/

BY KIRK FALCONER

Vanedge Capital has held an initial close of its second information technology fund on the strength of several big portfolio wins, including last year’s sales of MediaCore, Metafor andRecon.

Vanedge II raised $104 million in committed capital in January, Vanedge Managing PartnerMoe Kermani told PE Hub Canada. That puts the fund over half way to meeting its $200 million target. Kermani expects a final close will occur within the next 12 months.

Some 30 LPs committed to Fund II, Kermani said. They were led by Kensington Venture Fund, a Canadian fund of funds that recentlywrapped up its own fundraising.

Kensington was joined by other institutional LPs, including BDC Capital and Export Development Canada, as well as high net worth individuals, most of them entrepreneurs who share a history with Vanedge’s investment team, Kermani said. Most LPs invested in Vanedge I, which raised $134 million in 2010.

Moe KermaniMoe Kermani, Managing Partner, Vanedge Capital

Vanedge, a Vancouver-based investor in North American cloud infrastructure, digital media, security and software-as-a-service (SaaS) companies, had impetus going into fundraising. The firm recently completed sales of five portfolio companies, all of them to high-profile strategic buyers.

Last September, MediaCore, an educational video platform, was acquired by Workday. Earlier in 2015, Metafor, an anomaly detection software provider, was bought by Splunk, and Recon, a maker of smart sports eyewear, was bought by Intel.

These Vanedge exits were preceded in 2014 by the acquisition of game analytics company Playnomics by Unity, and the acquisition of cybersecurity specialist Wurldtech by General Electric.

Kermani believes liquidity events attest to Vanedge’s success as “a thematic, disciplined investor” that brings understanding to its deals and approaches opportunities in a selective manner.

“We come from an operating background, which helps us to invest with insight as opposed to a fear of missing out on a trend,” he said. “We are interested in differentiated companies, companies that are the best in the world at what they’re trying to do.”

Vanedge’s five exits contributed to “exceptional performance,” Kermani said. Vanedge I is currently showing a gross internal rate of return of over 30 percent and a net return of 19 percent, he said.

More importantly, Kermani noted, Vanedge’s performance reflects “real money going back to limited partners.” He pointed to Fund I’s distributed to paid-in capital (DPI), which stands at 61 percent.

Vanedge II will show continuity with the investment strategy of its predecessor. It will continue the hunt for differentiated opportunities in sectors of interest, such as SaaS companies addressing verticals and under-served markets. Its “sweet spot” will be investments of $2 million to $5 million in Series A rounds and beyond, Kermani said.

With a larger capital pool, Vanedge will be able to write big cheques and take meaningful investment stakes, Kermani said. He believes greater resources are needed to do this because of the rising cost of company-building and the influence of a weaker loonie.

Vanedge’s recent deals include its investment last December in the US$5 million Series B financingof New York-based geospatial software provider Boundless Spatial. Earlier in 2015, the firm co-led the $1.5 million seed funding of Control Mobile, a Vancouver-based payment management platform.

In the months ahead, Vanedge will focus on completing fundraising, Kermani said. It will target a range of LPs, including family offices and high-net-worth individuals that can supply not just capital but “insight, information and diligence.” It will also make more investments, including the debut deal of Vanedge II.

Vanedge was founded in 2008 by Managing Partner V. Paul Lee, formerly the president of interactive software company Electronic Arts. He was joined in 2012 by Kermani, who previously led Bycast, an enterprise data storage provider bought by NetApp in 2010.

Other members of the firm’s team include CFO Howard Donaldson and Principals Amy Rae andTodd Tessier.

This story first appeared in affiliate magazine Venture Capital Journal, which is published by Buyouts Insider. Subscribers can read the full story and by clicking here. To subscribe to VCJ, click here for the Marketplace.

Kensington Capital Partners said Thursday it closed a fund of funds at C$306 million ($227.9 million). The target of the Kensington Venture Fund, which will invest in Canadian-based VC funds and technology companies, was C$300 million. Investors include BMO Financial Group, CIBC, OpenText Corp, Richardson GMP,Royal Bank of Canada, Scotiabank, TD Bank Group, Torstar Corp, and theGovernment of Canada.

PRESS RELEASE

TORONTO, ONTARIO–(Marketwired – March 3, 2016) – Kensington Capital Partners announced today the final closing of the Kensington Venture Fund after exceeding its target of $300 million in investor commitments. The Fund, which raised a total of $306 million, received its most recent commitments from a mix of wealth managers, private foundations, and individual investors.

“This is a great time to be investing in technology in Canada,” says Rick Nathan, Managing Director of Kensington Capital Partners. “Our significant talent pool, vibrant startup environment, and improved access to capital – through the Kensington Venture Fund and other funding sources – make Canada a great place to build a technology company and grow it to scale.”

The new wealth managers, private foundations, and high net worth individuals that most recently invested in the Kensington Venture Fund join a notable group of existing investors including BMO Financial Group, CIBC, OpenText Corporation, Richardson GMP, Royal Bank of Canada, Scotiabank, TD Bank Group, Torstar Corporation, and the Government of Canada.

Focus on Central and Western Canada

The Kensington Venture Fund is a fund of funds investing in promising Canadian-based VC funds and technology companies; it will also pursue select investment opportunities in the United States. Within Canada, where Kensington has offices in Toronto and Calgary, the Fund pays close attention to Central and Western Canada, targeting investments in Ontario, Alberta, and British Columbia across key technology sectors and stages.

An active investor in Western Canada for more than a decade, Kensington Capital Partners has invested approximately $100 million in each of BC and Alberta from across its various managed funds. Kensington is continuing this focus with the Kensington Venture Fund, including as the lead investor in Vanedge II – BC’s leading venture fund – following a January 2016 investment.

Nathan adds, “Both of these markets are great places to invest. BC is home to many of Canada’s most successful and innovative emerging new companies, has a highly experienced talent pool that can benefit from better access to capital, and offers great proximity to Silicon Valley while providing a gateway to Asian markets. Alberta is the core of Canada’s energy sector, with many new opportunities emerging in related cleantech and energy technologies.”

Kensington attracts new investors

The Kensington Venture Fund launched in November 2014 following a lead investment from the Government of Canada’s Venture Capital Action Plan (VCAP), a $400 million strategy designed to increase private sector investments in emerging Canadian technology companies.

“The VCAP program was designed to attract new investors to the venture capital asset class, and is an important source of capital that will enable Canadian funds and companies to continue to drive the innovation economy. Kensington is proud to be actively building the Canadian venture capital market by attracting new investors and significant capital from those that are new to venture investing, as well as from a strong core of experienced technology sector veterans,” says Nathan. “Our Fund highlights the successful collaboration between Government and the private sector to finance the growth of Canada’s technology market. Many of the investors in our Fund have not previously invested in a VC fund. So we are not only providing these investors with opportunities to support emerging new companies across Canada, but we are also financing strong job creation in Canada’s highly skilled, high paying tech sector.”

To date, the Kensington Venture Fund has made investments in more than a dozen venture capital funds, including iNovia Investment Fund 2015, Georgian Partners II, Golden Venture Partners, McRock iNFund, Novacap TMT VI, OpenText Enterprise Application Fund (OTEAF), Whitecap Venture Partners (Whitecap III), and Vanedge II plus three other funds that have not yet been announced. The Fund has made direct investments in Blue Ant Media, Brightspark, Hubba, and TouchBistro. The Fund has also participated in a number of co-investments alongside its fund managers, and will continue investing to support a vibrant Canadian ecosystem.

About Kensington Venture Fund

The Kensington Venture Fund invests in promising venture capital (VC) funds as well as technology companies in the telecommunications, digital/social media, enterprise software, SaaS, mobile, data analytics, and e-commerce sectors. The Fund also invests in energy technology funds and companies, including those focused on cleantech, digital oilfields, industrial Internet of Things (IIoT), digital mapping and imaging, smart grid, extraction tech, environmental remediation, and alternative energy. The Fund is primarily focused on Series A/B investments, while also assembling a diversified portfolio that includes both early- and late-stage investments.

About Kensington Capital Partners

Kensington is a leading independent Canadian investor in alternative assets. Founded in 1996, and with over $800 million invested to date in private equity, venture capital, infrastructure and hedge funds. Kensington’s active management approach and relationship based business has generated top quartile returns for investors. For more information, visit www.kcpl.ca.

Louisiana Department of Health and Hospitals Leverages Cost-Effective Open Source Geospatial Strategies to Keep Citizens Out of the Path of Dangerous Storms

Washington, DC and Baton Rouge, LA – February 29 2016 – As contribution to the effort to keep the most vulnerable citizens out of the path of dangerous storms and hurricanes, Boundless today announced its support of the Louisiana Department of Health and Hospitals (DHH) initiative to find cost-effective strategies which can provide early information on facilities and citizens in greatest potential need of evacuation.

The mission of the DHH in the State of Louisiana to protect and promote health and to ensure access to medical, preventive and rehabilitative services for all citizens, utilizing available resources in the most effective manner possible. In fulfillment of this mission, the DHH is responsible for identifying hospitals and other health care facilities at greatest risk for flooding and damage from storms and hurricanes so evacuation procedures may be initiated with as much advance notice as possible.

The DHH, with direct support from Boundless, is deploying a system designed for Humanitarian Assistance known as GeoSHAPE to assist in fulfillment of their mission. GeoSHAPE (Geospatial capabilities for Security, Humanitarian Assistance, Partner Engagement) is an open source project is designed to enable collaboration on geospatial information; in this case federal and LA state authorities are able to work together and overlay storm and flooding data over facility map information. In selecting an open source project with software publicly available, the DHH is able to provide vital services while working with budget constraints to realize considerable cost savings in license and ongoing maintenance costs.

“GeoSHAPE and the support from Boundless has enabled DHH Emergency Preparedness to take a leap forward in the use of GIS technology in a very demanding budget environment,” says Henry Yennie, Louisiana Department of Health and Hospitals.  “It provides us with the core functionality needed to quickly assess risk and obtain effective situational awareness for our leadership.”

“It’s a great privilege to support the State of Louisiana and their efforts in protection of their citizens,” commented Andy Dearing, Boundless CEO. “Their willingness to think open and adopt open-source GIS strategies to support their mission is exciting and validates the shift to non-proprietary technologies we are witnessing throughout the industry.”

 

http://boundlessgeo.com/press-release/state-of-louisiana-thinks-open-to-save-lives/

Brian Monheiser and Anthony Calamito to Work with AGS to Advance Geographic Understanding

New York, NY and Washington, DC – January 26, 2016 – Boundless, the leading provider of open source geospatial software and services, today announced that Brian Monheiser and Anthony Calamito have been named American Geographical Society Fellows. As Fellows, Brian and Anthony will work with the greater community to advance geographic knowledge and understanding.

Established in 1851, the American Geographical Society (AGS) is the oldest professional geographical organization in the United States.  It is recognized world-wide as a pioneer in geographical research and education in geography for over 163 years.  The mission of AGS is to advance geographic knowledge and the recognition of its importance in the contemporary world.  AGS promotes the use of geography in business, government, science, and education with a goal to enhance the nation’s geographic literacy so as to engender sound public policy, national security, and human well-being worldwide.

When the AGS re-launched its Fellows program in April 2015 Dr. John Konarski, the Executive Director of AGS, noted, “To further this mission, we are proud to revive our ‘AGS Fellows’ program, where these geography professionals and enthusiasts can come together as a community of peers to invest their time, resources and intellectual energies in transforming how America develops and leverages geographical knowledge for the benefit our nation and our global society…this new generation of AGS Fellows will help guide our organization, as well as the national discussion about the importance of geography in virtually every aspect of our lives.”1

Brian Monheiser, Boundless Director of U.S. Federal Programs, is responsible for advising and consulting on all aspects of Boundless technology within the Federal Government, including the Department of Defense (DoD), Intelligence Community (IC), and Federal Civilian Agencies (FedCiv) relative to Geospatial Intelligence (GEOINT).

Anthony Calamito, Federal Chief Technology Officer for Boundless, ensures requirements from the Federal government are reflected in the technical roadmap.  He serves as a bridge between Boundless’ engineering and professional services teams, and is deeply involved in evangelizing the value of open source geospatial software.

“The AGS mission is invaluable in advancing geographic knowledge and understanding,” noted Andy Dearing, Boundless CEO. “We’re incredibly proud of Brian and Anthony for becoming AGS Fellows, and of the efforts that they are undertaking for the advancement of the AGS’ impressive mission.”

About Boundless
Boundless is the leader in commercially supported, open source, geospatial software. OpenGeo Suite enables a feature-rich, enterprise GIS without the high licensing costs associated with proprietary software. The experts at Boundless reduce the cost and time of deploying and managing spatial software with packaging, support, maintenance, professional services, and expert training. Learn more at boundlessgeo.com

1. [http://americangeo.org/4102015-american-geographical-society-announces-inauguration-of-new-ags-fellows-program/]

The Best Cloud Computing Companies And CEOs To Work For In 2016

Employees would most recommend Zerto, FusionOps, Google, OutSystems, AppDirect,Sumo Logic, Cloudera, HyTrust, Tableau Software and Domo to their friends looking for a cloud computing company to work for in 2016. These and other insights are from an analysis completed today to determine the best cloud computing companies and CEOs to work for this year.

To keep the rankings and analysis completely impartial and fair, the latest Computer Reseller News list, The 100 Coolest Cloud Computing Vendors Of 2016 is the basis of the rankings. Cloud computing companies are among the most competitive there are about salaries, performance and sign-on bonuses and a myriad of perks and benefits. They are also attracting senior management teams that have strong leadership skills, many of whom are striving to create excellent company cultures. The most popular request from Forbes readers are for recommendations of the best cloud computing companies to work for, and that’s what led to this analysis.

Using the 2016 CRN list as a baseline to compare the Glassdoor.com scores of the (%) of employees who would recommend this company to a friend and (%) of employees who approve of the CEO, the table below is provided. You can find the original data set here. There are many companies listed on the CRN list that don’t have than many or any entries on Glassdoor, and they are excluded from the rankings shown below but are in the original data set. If the image below is not visible in your browser, you can view the rankings here.

 

best cloud computing companies to work for in 2016 large

http://www.forbes.com/sites/louiscolumbus/2016/02/04/the-best-cloud-computing-companies-and-ceos-to-work-for-in-2016/#73c7df4581b9