June 19, 2012
Opus Capital leads new round with participation from returning investors Matrix Ventures, Khosla Ventures and Chevron Technology Ventures
SAN JOSE, Calif., June 19 — Panzura, a leading provider of global cloud storage solutions, today announced that the company has closed a $15 million Series C funding round led by Opus Capital with participation from its existing investors, Matrix Ventures, Khosla Ventures and Chevron Technology Ventures, the investment arm of the world's third-largest oil conglomerate. Opus Capital General Partner Carl Showalter will join Panzura's board of directors. The new round of funding brings the company's total backing to $33 million.
With plans to expand its domestic and international footprint in 2012, Panzura will apply the new capital toward establishing a strong international sales presence, while simultaneously scaling its US-based marketing, sales and engineering operations. The company also plans to aggressively expand its channel ecosystem and explore joint development projects with strategic partners, while continuing to place a concerted emphasis on internal research and product development.
"The rapid growth of unstructured data and the desire to make content available to a globally distributed workforce pose a significant challenge for the modern enterprise," said Carl Showalter, general partner at Opus Capital. "Panzura's solution elegantly solves these challenges. We are excited to work with an amazing team and look forward to supporting them in their ongoing mission to put the power and extensibility of the cloud within reach of the modern enterprise."
Panzura recently announced sweeping updates to its flagship product, the Panzura Global Cloud Storage System that included the third generation release of its Panzura operating system (PZOS3) and a newly enhanced version of its Quicksilver Cloud Storage Controller. Panzura offers the only cloud-integrated storage system capable of delivering truly enterprise-class solutions, with true network attached storage (NAS) functionality, native cloud support, a globally distributed file system, built-in enterprise security and data protection, as well as high speed data transfer rates to and from the cloud, all in a single, seamless data storage solution with unlimited scalability. The PZOS3 solution was recently recognized as a Best of Interop award winner in the Data Center and Storage category at the 2012 Interop Conference.
CEO Randy Chou and CTO John Taylor cofounded the company in July 2008 with a team of expert engineers. Prior to Panzura, Chou and Taylor developed the core security and performance technology at wireless networking leader Aruba Networks and the application delivery technology in Alteon WebSystem's Layer 4-7 switching products.
"Panzura is honored to add the expertise of our new partners at Opus Capital, with the addition of industry veteran Carl Showalter to our board, and are encouraged by the ongoing support of our longtime partners at Matrix Ventures, Khosla Ventures and Chevron Technology Ventures," said Randy Chou, CEO and cofounder of Panzura. "Panzura provides a viable cloud-based solution for the enterprise that directly enables high-value business objectives -- such as improved cost, scale, availability and global access -- while fitting seamlessly into existing IT infrastructures. With the support of this Series C round, Panzura looks forward to the further innovation and development of global cloud-integrated storage solutions."
Panzura optimizes enterprise data storage management and distribution in the cloud, making cloud storage simple and secure. Panzura's revolutionary global cloud storage solution seamlessly combines the flexibility, performance, and productivity benefits of distributed storage with the manageability, security and cost benefits of centralized storage, overcoming fundamental "administrator vs. user" and "budget vs. performance" conflicts. With Panzura, data location no longer affects usage. Panzura: Cloud Storage Made Seamless. For more information, visit http://www.panzura.com/contact or email info@Panzura.com.
The ever-growing complexity of scientific and engineering problems continues to pose new computational challenges. Thus, we present a novel federation model that enables end-users with the ability to aggregate heterogeneous resource scale problems. The feasibility of this federation model has been proven, in the context of the UberCloud HPC Experiment, by gathering the most comprehensive information to date on the effects of pillars on microfluid channel flow.
Large-scale, worldwide scientific initiatives rely on some cloud-based system to both coordinate efforts and manage computational efforts at peak times that cannot be contained within the combined in-house HPC resources. Last week at Google I/O, Brookhaven National Lab’s Sergey Panitkin discussed the role of the Google Compute Engine in providing computational support to ATLAS, a detector of high-energy particles at the Large Hadron Collider (LHC).
Frank Ding, engineering analysis & technical computing manager at Simpson Strong-Tie, discussed the advantages of utilizing the cloud for occasional scientific computing, identified the obstacles to doing so, and proposed workarounds to some of those obstacles.
May 23, 2013 |
The study of climate change is one of those scientific problems where it is almost essential to model the entire Earth to attain accurate results and make worthwhile predictions. In an attempt to make climate science more accessible to smaller research facilities, NASA introduced what they call ‘Climate in a Box,’ a system they note acts as a desktop supercomputer.
May 16, 2013 |
When it comes to cloud, long distances mean unacceptably high latencies. Researchers from the University of Bonn in Germany examined those latency issues of doing CFD modeling in the cloud by utilizing a common CFD and its utilization in HPC instance types including both CPU and GPU cores of Amazon EC2.
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04/02/2012 | AMD | Developers today are just beginning to explore the potential of heterogeneous computing, but the potential for this new paradigm is huge. This brief article reviews how the technology might impact a range of application development areas, including client experiences and cloud-based data management. As platforms like OpenCL continue to evolve, the benefits of heterogeneous computing will become even more accessible. Use this quick article to jump-start your own thinking on heterogeneous computing.