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Observe, a data observation platform, raised $115 million thanks to Snowflake’s investment

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Enterprises today store and use data in an increasing variety of applications and locations, making it difficult, if not unattainable, to comprehensively manage and query that data. This means a chance for startups constructing tools to connect this fragmentation, and today certainly one of them – Observe — proclaims $112 million in funding due to strong demand for its technology. According to TechCrunch sources, Series B values ​​the startup at $400-500 million. (The follower wouldn’t comment on the drawing.)

Observe – not to be confused with Observe.AI – creates machine-generated data observability tools geared toward breaking down data silos. It was built from the bottom up and tightly integrated with data-as-a-service giant Snowflake. Now this strategic partner is becoming a strategic investor: Snowflake joined the round together with Series B leader Sutter Hill Ventures and other participants and former backers Capital One Ventures and Madrona.

The round is all equity, but a portion includes the conversion of previous debt incurred by the corporate (we covered one $50 million debt raise in October 2023). CEO Jeremy Burton said in an interview that the plan is to cover the remaining debt within the upcoming Series C.

The latest round highlights some significant market currents.

The first is the incontrovertible fact that corporations are under great pressure to find more cost effective solutions for the usage of their technology.

The push to pay for custom services more efficiently is driving the expansion of software-as-a-service at the appliance layer, and now the rise of platforms like Observe—and Snowflake, AWS, and others—shows how this pervasive model also exists on the data layer. (The company charges mainly for queries, not for data acquisition, which implies they pay for what they use.)

Bringing silos of semi-structured data into a unified “lake,” as Observe does, also helps reduce the effort and time – and subsequently cost – needed to query that data.

Second, enterprises want to get more out of their data. Observe’s primary use today is data evaluation to troubleshoot problems when an application is not working because it should. Last yr, the corporate launched a generative artificial intelligence tool that tells users what they will ask and what’s going to occur next. This also inevitably leads to customers using the tool for greater than just solving problems in areas reminiscent of marketing and security.

“You can also ingest data related to security or customer experience,” Bruton said. “We don’t actually care what the data is. It’s very liberal.” The company is currently working with third-party corporations to improve this work, but doesn’t rule out that native applications will appear in these and other areas in the long run.

As Snowflake continues to grow and ingest increasingly more data, it’s interesting that it chooses to put money into constructing a partner on its platform moderately than constructing (or acquiring) data observation tools to offer directly to customers.

For now, Stefan Williams, Snowflake’s vice chairman of corporate development who runs Snowflake Ventures, says he’s seeing significant growth in his core database business for now, and a company like Observe is more attractive since it helps generate more revenue for it. activities on this area, alongside others in the identical space. In other words, it doesn’t want to compete with key business partners.

“We see it as leverage to unlock new customers,” he said in an interview. It appears that it decided to put money into Observe as a tacit endorsement of other competitors within the industry, from giants like Splunk to other startups like Acceldata. “ThIt’s software and data observability. (In data) nothing currently competes with Observe.

The startup doesn’t disclose revenues, but claims that ARR has increased 171%, and net revenue retention is 174% higher compared to last yr.

This article was originally published on : techcrunch.com
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US medical device giant Artivion says hackers stole files during a cybersecurity incident

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Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.

In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.

Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”

Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.

This article was originally published on : techcrunch.com
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It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500

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Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.

The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.

The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.

More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)

Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.

The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.

Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.

In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.

Image credits:Raspberry Pi

This article was originally published on : techcrunch.com
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Apple Vision Pro may add support for PlayStation VR controllers

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Vision Pro headset

According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.

The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.

However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.

Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.

This article was originally published on : techcrunch.com
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