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VeloCloud Raises $35M to Meet Accelerating Global Demand for Cloud-Delivered SD-WAN

9 Mar VeloCloud_JPGLogo_TM_500x150

VeloCloud Networks, Inc., the Cloud-Delivered SD-WAN company, has announced that it has closed a $35 million Series D round of funding, led by Hermes Growth Partners. Round participants included new investors Telstra Ventures and Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia (“Khazanah”), in addition to existing investors New Enterprise Associates (NEA), Venrock, March Capital Partners, Cisco Investments, and other undisclosed strategic investors. (more…)

CSIRO Awards HPE Subsidiary A Supercomputing Project Worth AU$1.5Mn

8 Mar CSIRO-logo-CMYK-colour-990x1189

By Kajal Joshi, The Tech Portal

The Commonwealth Scientific and Industrial Research Organization (CSIRO), federal government’s agency for scientific research has signed an AU$1.5 million supercomputing contract with Hewlett Packard Enterprise’s subsidiary SGI. (more…)

Nuoyuan Technology to Attend LendIt FinTech Summit in New York

8 Mar money 2

Nuoyuan Technology Development Co., Ltd. (Nuoyuan Technology), an innovative financial technology service company under Hanfor Holdings, headquartered in Beijing, will participate in the upcoming LendIt USA 2017, to be held in New York between March 6th and 7th this year. (more…)

RealtyShares Shows Full Stack Capital Prowess, Sourcing Both Debt and Equity for Ohio Acquisition

7 Mar money 2

RealtyShares, a leading online marketplace for real estate investing, has just completed its first full stack capital transaction, securing both debt and equity financing totaling $5.9 million for the acquisition of Courtship Village, a 132-unit garden-style apartment complex in Lancaster, Ohio. (more…)

NFS and Telecel Global Merger Boosts Telecel Operations

6 Mar TelecelGlobal

At the Mobile World Congress Barcelona 2017, NFS, holding company of Telecel mobile operations, announced its merger with Telecel Global (formerly Exxon Telecom), the leading global international Carrier. (more…)

Snap CEO Evan Spiegel Is Now Worth a Lot More than He Was Before the IPO

5 Mar snapchat-1360003_1280-990x594

By Mudit Mohilay, The Tech Portal

This is going to be pretty brief, since we have already covered Snap’s IPO and the performance of its stock on the second day in-depth. To put things in a line, Snap CEO Evan Spiegel is now worth a lot more than he was before the IPO. (more…)

Udacity Buys CloudLabs in Its First Acquisition Ever

3 Mar udacity-self-driving-car-1

By Mudit Mohilay, The Tech Portal

Online education platform Udacity has made its first ever acquisition.  The firm has acquired CloudLabs in a bid to provide its students with an environment where they can code interactively. In case you are unaware of it, Cloud Labs provided users with the opportunity to code collaboratively with each other. (more…)

HPE and Tata Communications Join Hands for Building World’s Largest IoT Network in India

1 Mar citibank_MDJ_20141226-624x344

By Simran Agarwal, The Tech Portal

Internet of Things finally seems to be coming to the frontlines in India. On the heels of Reliance Group’s announcementearlier today, Hewlett-Packard Enterprise (HPE) has now announced an alliance with Tata Communications for a project concerned with building an IoT (Internet of Things) network in India. The duo is presently engaged in the development of an IoT network, which is said to be the world’s largest such network. (more…)

Softbank Could Cede Control over Sprint to Get T-Mobile to Go along with a Merger

21 Feb softbank-logo (2)

By Mudit Mohilay, The Tech Portal

Japanese conglomerate Softbank is apparently ready to give up control over Sprint, so as to induce Deutsche Telekom’s T-Mobile to seriously consider a merger. The information comes from Reuters, which cites sources close to the matter. (more…)

Snap Takes Potshots at Facebook in a Video Meant to Impress Potential Investors

20 Feb snapchat-1360003_1280-990x594

By Mudit Mohilay,  The Tech Portal

Snap is nearing its IPO. And as the clock ticks, it is doing its best to impress investors into placing their bets on it. The company is expected to go public sometime in March, and as part of its drive to encourage investors, has released a brand new video. The video, while talking about everything that is great in Snapchat, also takes a few digs at competitor Facebook. (more…)