Trebia also announced that Nik Bahram -- who "has 22 years of experience in numerous facets of the semiconductor, systems, and software business" -- has taken over as VP of engineering, following Willie Andersons departure in February. Most recently, Bahram was VP of corporate ventures at Systemonic; prior to that he worked for such companies as Motorola Inc. (NYSE: MOT) and Digital Equipment Corp.
Most important, perhaps, the arrival of Stroh and Bahram onto the scene brings to an end months of management upheaval at Trebia and indicates that its investors have decided to give the company another shot instead of trying to sell it off (see Is Trebia Up for Sale?).
The Acton, Mass.-based startup, which claims to make the fastest SAN silicon chips on the planet, announced today that had received an undisclosed round of funding from its existing investors, which include Kodiak Venture Partners, Raza Foundries, and Atlas Venture.
While the company refuses to disclose the amount of the latest inside round, it says the funding brings its total raised to just under $50 million. Trebia has previously said that it had about $40 million in financing, so that would suggest that the latest financing round amounted to about $10 million. Stroh, however, declined to verify that number. "We have enough money in the bank to execute on our projects... for both the switch and the end-point markets," he says, adding that the company will evaluate whether it needs to seek additional funds around the end of 2003.
Trebia has been butting heads with several players in the storage processor space, including Alacritech Inc., Emulex Corp. (NYSE: ELX), Intel Corp. (Nasdaq: INTC), iStor Networks, QLogic Corp. (Nasdaq: QLGC), and Silverback Systems Inc. (see IStor Seeks More Funding, Silverback Makes iSCSI Howl, Vendors Chip Into IP Storage, and Intel Wiggles Its TOE).
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.
