article thumbnail

Eucalyptus Systems Opens China Office

socalTECH

Santa Barbara-based Eucalyptus Systems , the developer of cloud computing management software, said Wednesday that it has opened up a new office in Beijing, China. Eucalyptus said it opened the new office due to a "sharp increase in demand" from organizations in Asia for its software over the past year.

article thumbnail

AI Chip Startup Mythic Reaps $40M from SoftBank, Lockheed Venture Arms

Xconomy

Mythic, based in both Redwood City, CA, and Austin, TX, is one of the upstart companies benefiting from a surge of investing in the chip-making field, where the growing computational demands due to the use of AI are creating an opening for young entrepreneurs with out-of-the-box ideas.

article thumbnail

Data is the Next Major Layer of the Cloud & A Major Victory for Startups

Both Sides of the Table

That is excluding a single line of code or paying any salaries. During my second startup we never considered using cloud computer processing for our real-time processes but we did run some batch processes there. No wonder people had to raise $5 million just to get started back then. We raised $16.5 million in our A round.

Startup 343