Table 1: VC Funding by Category (3Q02 - 2Q03)
| Category | No. of Cos. | Total Funding | Avg./Co. | Category Description |
| Hardware | 40 | $686.9M* | $17.17M | Storage arrays, storage networking switches, storage security appliances, RAID controllers, InfiniBand switches |
| Software | 30 | $256.3M** | $8.54M | Backup and recovery, data replication, storage resource management (SRM), virtualization, file caching, archiving, global file systems |
| Silicon | 10 | $126.5M | $12.65M | Storage processors, TCP Offload Engines (TOEs), network components |
| Services | 7 | $53.4M | $7.63M | Storage service providers (SSPs), storage networking consulting |
| * Excluding one round whose amount was not disclosed. ** Excluding three rounds whose amounts were not disclosed. Source: Byte and Switch Insider |
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Other highlights from the August report:
Todd Spangler, US Editor, Byte and Switch
The current Byte and Switch Insider report -- Venture Capital Survey -- is available here
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
