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BOSTON, Sept. 16, 2020 /PRNewswire-PRWeb/ — ChaosSearch, creator of the first cloud data lake platform for scalable log analysis, today announced it has won two IT World Gold awards: Best SaaS Startup and Best Data Science Platform. The company was also named Bronze winner for Best Business Intelligence and Analytics Solution. These awards recognize ChaosSearch’s unique ability to enable fast insights on massive-scale data sets, often reaching 100s of terabytes, at a cost that’s up to 80% less than other approaches.

“Logs hold the key to keeping applications and businesses up and running and protected from cyber threats. However, the cost and time-intensive tasks required to analyze and act upon tsunamis of log data are prohibitive — and now, thanks to ChaosSearch, unnecessary.

We’re thrilled that IT World recognizes both the need to revolutionize log analysis and ChaosSearch’s breakthrough approach for extracting real value from log and security event data.”

Thomas Hazel, CTO and founder of ChaosSearch

Additional information can be found in the benzinga / prweb article.

MELBOURNE, Australia–(BUSINESS WIRE)–Lumen Freedom, a world leading manufacturer of Wireless Electric Vehicle Charging (WEVC) systems, today announce the supply of their first Wireless Electric Vehicle Charging system, to McLaren Automotive for the Speedtail Hyper-GT, as featured by the McLaren Tech Club.

Additional detais can be found in the businesswire article.

Disruptive Cloud-Based Analytics Company Poised for Hypergrowth

ChaosSearch, creator of the first cloud data lake platform for scalable log analysis, announced it has named Ed Walsh Chief Executive Officer and a member of the Board of Directors. Walsh most recently served as General Manager of IBM Storage division and has successfully led and sold four high-growth starts-ups as CEO. This appointment further fuels the company’s strong growth, as evidenced in its just-announced record Q2 2020.

“The decision to leave IBM was extremely difficult for me, but the decision to join ChaosSearch was very easy,” said Walsh. “Once I saw the unique and innovative approach they take to enable ‘insights at scale’ within the client’s own Cloud Data Lake and slash costs, I knew I wanted to be part of this company. I’ve been extremely impressed with how easily ChaosSearch instantly turns a customer’s cloud object storage into a fully indexed, searchable and queryable database. The implications for this are tremendous.”

Additional information can be found in the AIT newsdesk article.

Ed Walsh left his job as head of IBM Storage last week to take on the CEO role at ChaosSearch, a log data analytics startup. Co-founder Les Yetton has stepped aside to make way for Walsh.

Hazel and Yetton set up the company in 2016 to devise a faster, more-efficient way of searching the incoming flood of log and similar unstructured data heading for data lakes. They saw that analysis was becoming IO-bound because the Moore’s Law progression of compute power scaling was slowing. Their answer was to build software to compress and accelerate the analytics IO pipeline.

Walsh said in a press statement today: “Unlike the myriad log analytic services or roll-your-own solutions based upon the Elastic/ELK stack, ChaosSearch has a ground-breaking, patent-pending data lake engine for scalable log analytics that provides breakthroughs in scale, cost and management overhead, which directly address the limits of traditional ELK stack deployments but fully supports the Elastic API.”

Additional information can be found in the Blocks and Files article.

ChaosSearch, Inc., creator of the first cloud data lake engine for scalable log analysis, today announced a record-breaking first half of 2020.

At a time when many companies are struggling due to COVID-19’s impact on the economy, ChaosSearch’s 1H 2020, and particularly its second quarter ending June 30, saw substantial growth in revenue from new customer adoption and existing customer expansion. The company attributes this to the urgent need for cost-effective, hassle-free log analysis solutions that can easily handle tens of terabytes of data per day as well as help protect infrastructure against cyberattacks.

Additional information can be found in the Press Release on the ChaosSearch website.  

Elementus was mentioned in the analyticsIndiamag article entitled “Top Blockchain Analytics Companies And What They Do“.

The article introduces as follows:

Elementus creates insights into blockchain data by providing an enterprise blockchain analytics platform for institutional asset managers, financial service companies, and government agencies. 

Elementus gained global prominence by presenting key data for coverage of the Cryptopia hack and QuadrigaCx insolvency in leading financial media publications including Wall Street Journal, Bloomberg and Fortune. Elementus’ blockchain index methodology intends to work similarly to how Google’s web crawler and index methodology disrupted the search engine marketplace in the late 1990s. Elementus has successfully raised a $3.5M seed round led by Morgan Creek Digital with participation from Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments, Stage 1 Ventures, Robot Ventures, and other key angel investors. 

The entire article can be found here.

In this weeks Axios Navigate Newsletter, Joann Muller discusses recent Events at Fisker and the sea change impacting the automotive industry.

Car designer Henrik Fisker this week raised more than $1 billion for his namesake electric car company, but unlike other EV entrepreneurs attracting capital recently, making cars is not part of his plan.

Why it matters: In an industry ripe for reinvention, Fisker’s aim is to become the Apple of the automotive world — a fabless manufacturer that designs and markets cool cars but farms out the production to others, avoiding the huge capital outlays and manufacturing pitfalls that have dogged Tesla for a decade.

The big picture: We’re on the cusp of a historic shift to electric, self-driving cars. But the burden of technology investments is overwhelming for many, requiring even the world’s biggest auto giants to partner up on redundant development.

The entire article can be read here.

Fisker has agreed to merge with Spartan Energy Acquisition, a special-purpose acquisition company run by Apollo Global Management, confirming reports of the deal last week. The reverse merger will value the combined company at around $2.9 billion. Fisker, a manufacturer of electric vehicles, has received prior venture backing from Caterpillar VenturesMoore Strategic VenturesStage 1 Ventures and others.

AlleyWatch interviews Adam Weinstein of ThriveFantasy, asks about its pivot towards prop bets, covid 19 impact and the recent cash infusion.

You can read the entire article here.

ThriveFantasy, a New York-based e-sports prop betting platform, raised $1 million in seed funding. Stage1 Ventures led the round and was joined by investors including New York Angels, New York Venture Partners, Han Park (former President of ESL) and Neil Sahota (IBM Master Inventor).

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