Schrock expects Panasas to become profitable by early 2005, and he says the startup has enough funding to last it until that point. The Fremont, Calif.-based company has received around $72.5 million to date (see Panasas Hauls in $32M Round). Its current headcount is 125, which includes 100 engineers.
Now that he's kicked Panasas out of its nest, Schrock says he's getting ready to leave. "I committed that I would take the company to this level, and I have announced to the Panasas board and company that I'll be phasing out in the next six months," he says. So what's he doing next? "I'm gonna write a book or two."
If Panasas lives up to his expectations, Schrock will have a nice fat chapter on a clustered Linux storage startup to throw into one of them.
Todd Spangler, US Editor, Byte and Switch
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.
