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Business 1 hour ago It also outspends competitors on the underlying gear that s needed to deliver those services. Google parent Alphabet and Microsoft are close behind when it comes to spending, with Alphabet a little higher as it attempts to surpass Microsoft as the number-two cloud provider by market share and revenue. Then there are the laggards. IBM and Oracle don t disclose revenue from their public clouds, but they do disclose total capital expenditures. That gives a sense of the scope of investment the companies are making up front to deliver these fast-growing services. These investments are paltry compared with competitors. In the past four quarters, IBM and Oracle s combined capital expenditures total less than one-quarter Microsoft. Amazon has spent seven times as much. ....
Cloud computing was like rocket fuel for software developers, lifting dev teams to new heights of productivity and innovation. Scientists and engineers are the next in line ....
Cloud computing was like rocket fuel for software developers, lifting dev teams to new heights of productivity and innovation. Scientists and engineers are the next in line. ....
Connected Account Startup Lockstep Secures $10 Million Through Series A Funding Round Led By Point72 Ventures
Lockstep, a U.S.-based connected accounting cloud, announced on Wednesday it secured $10 million through its Series A funding round, which was led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners. Founded in 2019, Lockstep stated it has helped more than 180 customers process over 800 thousand invoices per month with almost four million entities. “We believe there is a better way to keep books up to date and cash flowing. At Lockstep, we’re re-imagining how accounting teams work by transforming the current network of emails into a network of trusted connections between accounting systems. Lockstep makes accounting more accurate and timely, improves cash flow, and frees staff to focus on high value activities. We call it connected accounting.” ....