As InfiniBand's prospects continue to dwindle, the sector is becoming ripe for consolidation. For example, IB startups Lane15 Software and InfiniSwitch Corp. reportedly have been looking to join forces (see InfiniBand Merger in Play?).
Time may be running out for Paceline. The ex-employee says the company's board of directors has already decided that if no deal emerges by the end of January, it will pull the plug.
Kallendar denies this, saying, "We have not made a decision to wind the company down at the end of January. There's been no board decision to do that." While he would not say how much cash Paceline has left, he says there is enough in the bank to last "several months."
Paceline has received about $21 million in funding from BancBoston Capital, Kodiak Venture Partners, Commonwealth Capital Ventures, ABS Ventures, and Goldman Sachs & Co.
Paceline has cut its headcount from a high of 58 a year ago to around 40 today. "We did a small layoff at the beginning of the month to bring cash-flow in line," Kallendar says. Kallendar joined the startup as CEO in September 2002 (see Paceline Replaces CEO).
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.
