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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.

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7 Steps Online Companies Can Take to Manage Sales Tax Exposure

Xconomy

Even though most services are usually not subject to sales tax, some states are now asserting that certain online services are taxable either as software, data processing, or information services, even if the type of service would not be taxable if delivered the old fashioned way – by people – rather than computing platforms.

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Interview with Kian Saneii, Independa

socalTECH

One of the areas that startups and healthcare investors have turned their attention to in recent years, is leveraging the many advances in technology--wireless, smart phones, software, and more--and applying those to the health area. Cloud computing is also very important. What's the story behind the company?

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Cloudera, Hortonworks Plan To Merge As $5.2B Cloud Data Platform

Xconomy

Palo Alto, CA-based Cloudera (NYSE: CLDR ) and Santa Clara, CA-based Hortonworks (NASDAQ: HDP ) said they expect the merger to close during the first quarter of 2019 if it passes an antitrust review. The goal of the combined entity is to provide a leading data platform. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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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.

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Interview with Simon Anderson, DreamHost

socalTECH

Earlier this month, Los Angeles-based web hosting and cloud computing provider DreamHost (www.dreamhost.com) raised a big, $30M funding round for the company--the first in the company''s long history. Simon Anderson: DreamHost offers a web hosting, and now, cloud computing platform and storage.

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VC Seed Funding is Dead, Long Live VC Seed Funding!

Both Sides of the Table

With open source software (LAMP stack) and cloud computing infrastructure it just wasn’t that expensive to get your company going and founders just wanted to raise less money. If a VC term sheet comes in they begin their due diligence process. The contra is also true.