Kong Raises $100 Million to Accelerate Cloud Connectivity

first_img Facebook Pinterest Pinterest Twitter Facebook WhatsApp SAN FRANCISCO–(BUSINESS WIRE)–Feb 8, 2021– Kong Inc., the cloud connectivity company, today announced it has closed $100 million in Series D funding, led by Tiger Global Management with participation from existing investors Index Ventures, CRV, GGV Capital and Andreessen Horowitz as well as new investor Goldman Sachs. This latest round brings Kong’s total funding to $171 million, tripling its valuation to $1.4 billion since the Series C round. Kong will use the capital to scale its go-to-market operations, grow world-class Engineering and Customer Experience teams, and accelerate cloud connectivity with its new SaaS-based Kong Konnect service connectivity platform. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210208005517/en/ Kong Co-Founders Augusto Marietti and Marco Palladino (Photo: Business Wire) “The shift to digital and cloud has been revolutionary across all fronts, quickly propelling developer-led organizations and API-first companies to the forefront,” said John Curtius, partner at Tiger Global Management. “With impressive momentum, happy customers and strong market share, Kong is primed to help organizations meet the growing demands of this new digital reality and succeed in today’s cloud native world. We have been following the company closely for the past couple of years, and Kong is really starting to pull away from the rest of the pack.” The fundraise follows a record year for Kong, marked by a significant increase in adoption of its flagship open source software – Kong Gateway – now exceeding 220 million total downloads and 1.5 million monthly active instances. The company added key Global 2000 companies such as Deutsche Telekom, Orange, Papa John’s and Siemens to its growing enterprise customer base, as well as tripled its small business and mid-market enterprise customers. In addition, Kong was recognized as an Inc. 5000 company and a Deloitte Technology Fast 500 company with 1,908% revenue growth over a three-year period. “In 2020, we saw an explosion of data in motion and services as companies fast-tracked the release of new digital experiences in response to the pandemic,” said Augusto Marietti, CEO and co-founder of Kong Inc. “Software is truly becoming like a giant nervous system through millions of APIs and services. Kong is on a mission to become the spinal cord and backbone by building the cloud connectivity fabric of the future.” IDC predicts that worldwide data will reach 175 zettabytes by 2025, with 49% of the data residing in the cloud. According to Gartner, cloud native platforms will serve as the foundation for more than three-quarters of new digital workloads by 2024. Kong Konnect, a full-stack service connectivity platform designed for cloud native applications and delivered as a service, enables developers, architects and operators to seamlessly deliver connectivity at the edge, within their applications and between applications. It provides universal service connectivity and management that is reliable, observable and secure across any infrastructure. “Modern infrastructure is driven by open source technologies, and Kong’s open source DNA has played a pivotal role in driving its adoption both in the community and in enterprise organizations,” said Marco Palladino, CTO and co-founder of Kong Inc. “Kong Konnect takes cloud connectivity to the next level by providing a full-stack service connectivity platform that goes from API gateways to services meshes via open technologies like Kong Gateway, CNCF’s Kuma and Insomnia – running across every cloud and every platform, including on Kubernetes and VMs. Teams around the world can now abstract away their enterprise L4-L7 connectivity in one click to build secure, resilient and distributed applications like never before.” Additional ResourcesBlog post from Kong’s CEOKong’s founding storyImages/photos About Kong Inc. Kong creates software and managed services that connect APIs and microservices natively across and within clouds, Kubernetes, data centers and more using intelligent automation. Built on an open source core, Kong’s service connectivity platform enables digital innovation by allowing organizations to reliably and securely manage the full lifecycle of APIs and services for modern architectures, including microservices, serverless and service mesh. By providing developer teams with unprecedented architectural freedom, Kong accelerates innovation cycles, increases productivity, and seamlessly bridges legacy and modern systems and applications. For more information about Kong, please visit https://konghq.com or follow @thekonginc on Twitter. View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005517/en/ CONTACT: Pauline Louie, Kong, (628) 243-7512,[email protected] Jill Reed, Sift Communications for Kong,[email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: NETWORKS SECURITY ELECTRONIC DESIGN AUTOMATION TECHNOLOGY SOFTWARE SOURCE: Kong Inc. Copyright Business Wire 2021. PUB: 02/08/2021 10:30 AM/DISC: 02/08/2021 10:30 AM http://www.businesswire.com/news/home/20210208005517/en Kong Raises $100 Million to Accelerate Cloud Connectivitycenter_img TAGS  WhatsApp Local NewsBusiness By Digital AIM Web Support – February 8, 2021 Twitter Previous articleGlobal Smart Parking Markets, Technology Landscape, Trends and Opportunities Report 2021 – ResearchAndMarkets.comNext articleSchneider Electric’s Shannon Sbar Named One of CRN’s 50 Most Influential Channel Chiefs for 2021 for Fifth Year in a Row Digital AIM Web Supportlast_img read more

Aqueous & BIG Something To Take Their Rock Caravan On 5-Night Colorado Run [Videos]

first_imgEast coast rock outfits Aqueous and BIG Something are gearing up for a highly-anticipated five-night Colorado run, part of their 20-date co-headlining winter tour. Both bands have made monstrous strides over the past year, leaving fans with high hopes and expectations for the seasoned bands to carry their momentum out to the Rockies from February 13th through February 17th.As Aqueous guitarist Mike Gantzer explained to Live For Live Music earlier this month, “I’m looking forward to the whole thing. I haven’t spent too much time out there but the times that I have, they’ve been completely mind-blowing to me. It’s almost like a different world, every city on the tour looks amazing to me. We’re always stoked to go back out to Colorado.”Despite hailing from Buffalo, NY, Aqueous has built quite the following in Colorado. The band performed a sold-out show in June at Denver’s Bluebird Theater, which they later released as a live album titled Live From The Bluebird. Aqueous also unveiled new material in 2018, as the four-piece Buffalo-based band released their newest studio album, Color Wheel, their first full-length studio effort since 2014’s Cycles.Aqueous – “ALDEHYDE” – Bluebird Theater 2018[Video: Aqueous]2018 also marked a momentous year for BIG Something. The six-piece North Carolina-based band released their fifth full-length studio album back on April 20th with The Otherside. The album was produced by Grammy-nominated producer John Custer and was dedicated to Paul Interdonato, BIG Something lyricist and guitarist Nick MacDaniels‘ childhood best friend, who recently passed away.In recent years, BIG Something has been tapped as support for the likes of Umphrey’s McGee, Galactic, moe., Robert Randolph, and The B52s, and concocted some serious collaborative efforts. Colorado fans are no strangers to the band’s crafty collaborative moves, either. In 2016, they saw the sextet partner up with DJ Logic at Denver’s Cervantes’ Other Side for a funk-fueled cover of Vulfpeck‘s “Beastly”.BIG Something ft. DJ Logic – “Beastly” [Vulfpeck cover][Video: TheBIGSomething]With ample amounts of fresh material and creative thoughts flowing, Aqueous and BIG Something will start their Colorado conquest on Wednesday, February 13th at Durango’s Animas City Theatre before continuing their tour of the mountains with a Valentines Day performance on Thursday, February 14th at Avon’s Agave, followed by a Friday night throwdown at Winter Park’s Ullrs Tavern on Friday, February 15th. The rock and roll caravan will continue to Estes Park’s historic Stanley Hotel on Saturday, February 16th, best known for serving as Stephen King‘s inspiration for his best-selling 1977 horror novel, The Shining. Aqueous and BIG Something look to end their Colorado run with a bang, as they’ll conclude their five-night jaunt in the city, taking over Denver’s Cervantes’ Masterpiece Ballroom on Sunday, February 17th.After their five-night Colorado run, the two bands will make appearances at Eugene, OR’s Wow Hall (2/20); Portland, OR’s Star Theater (2/21); Seattle, WA’s Nectar Lounge (2/22); Sacramento, CA’s Harlow’s (2/26); Los Angeles, CA’s Bootleg Theater (2/28); and San Diego, CA’s  Winstons Beach Club (3/1). Following three shows across Texas in Austin, Dallas, and Houston (3/6, 3/7, and 3/8, respectively), the tour will wrap with a performance at New Orleans, LA’s Parish at House of Blues on March 9th.Head to Aqueous or BIG Something’s websites for ticketing and more information.last_img read more

Pollutant Research

first_imgThe U.S. Environmental Protection Agency (EPA) recently awarded nearly $1.6 million in research funding to University of Georgia’s Jack Huang to research cost-effective treatments to remove per- and polyfluoroalkyl substances (PFAS) from water, wastewater and biosolids to ensure safe water for drinking and agricultural application in rural areas. Huang, an associate professor in the College of Agricultural and Environmental Sciences Department of Crop and Soil Sciences on the UGA Griffin campus, is one of only three researchers whose teams received funding from the EPA.According to a press release from the EPA, the grants — provided to UGA, Indiana University and Purdue University — aim to further develop the agency’s implementation of the PFAS Action Plan, the most comprehensive cross-agency plan ever to address an emerging chemical of concern. PFAS are defined as emerging man-made chemicals that were discovered to be toxic in the last 20 years, although they have been around for much longer. PFAS are formed from compounds used in carpet and fabric treatment, firefighting, fire retardant and Teflon cookware, among other sources. The chemicals are designed to be robust and not break down easily. There is evidence that exposure to PFAS can lead to adverse health outcomes in humans.Huang’s team consists of investigators from the Georgia Institute of Technology, UGA and UGA Cooperative Extension. The project will consist of collecting water samples from across the nation; conducting experiments to evaluate and improve the efficiency of a state-of-the-art treatment process; developing treatment trains appropriate for treating different water qualities in rural settings; performing pilot studies to validate the treatments; and engaging communities through Extension to communicate research results.“I have a very talented team to work with,” said Huang. “I am very lucky and honored to have this project be chosen by the EPA.”This project impacts Georgia as well as states nationwide, which is why the team will be testing water from different areas of the country. Once the investigators have their results, they plan to work with extension agencies in other states to share their findings.“We will work with other states through extension. I think this is a very important component of the project and I feel it is one of our strengths. Our team has different areas of expertise that work well together,” Huang added.Huang noted that while other places — including Canada, Europe and Australia —  have already established regulations on the use of chemicals that create PFAS, the U.S. wants to make sure the correct technology is in place to handle the regulations before requiring them.Many industries have voluntarily begun to phase out the use of the chemicals, but it is the long life of these chemicals that creates problems in the environment, especially when it comes to farming. If a farming practice is using contaminated water, it could act as a pathway for PFAS to enter the food chain.In addition to water, Huang and his team will be studying the effects of treatment on biosolids, as they are created through wastewater and water treatment and could contain PFAS. If the biosolids contain PFAS and are applied to fields as fertilizer, they could further impact the environment.The team’s proposal for the project acknowledges an “urgent need for effective and economic treatment methods based on scientifically sound understanding of the occurrence, fate and transport of PFAS from water/wastewater and biosolids/residual in rural areas.” Of the three projects approved for funding from the EPA, this project is the only one to look at treatment of PFAS. The three-year grant will support research conducted at UGA’s Griffin and Athens campuses and the Georgia Institute of Technology.For more information on the work being performed in Huang’s lab, visit site.caes.uga.edu/huanglab. To learn more about PFAS, visit epa.gov/pfas/basic-information-pfas.last_img read more

Epidemic infects Europe with ‘germ of division’

first_imgTopics : “The germ is back,” former European Commission president and one of the modern union’s chief architects, Jacques Delors, told AFP on Saturday.”The climate that seems to hang over the heads of state and government and the lack of European solidarity pose a mortal danger to the European Union,” he warned.  How did it come to this? Certainly, Europe is the continent worst hit by the novel coronavirus epidemic that arrived from China, with around 18,000 deaths.But EU member states also have some of the most advanced public health infrastructure in the world and a 27-member common project that should help them weather the storm.The president of the European Commission, Ursula von der Leyen, has begged national capitals to show solidarity, but the crisis has only underlined existing divisions.Italy, Spain and France — the hardest hit countries so far, with cases spreading fast — are pushing for Europe to find a way to better share the financial burden.But the Netherlands and Germany are skeptical, fearing their big-spending southern neighbors will exploit the crisis to push for a pooling of eurozone government debts.So-called “coronabonds” would, in the view of more frugal northern economies, be a back door to “eurobonds” that could undermine the stability of the single currency.They do not want southern countries to benefit from cheaper interest rates unless they can be made to play by the austere public spending rules, just like the north. Regardless of the economics of the dilemma, the row has revealed a bitter split among member capitals, and strong language is being thrown around in public.Italian Prime Minister Giuseppe Conte said he and German Chancellor Angela Merkel had “not just a disagreement but a hard and frank confrontation” during a videoconference on Thursday.”If Europe does not rise to this unprecedented challenge, the whole European structure loses its raison d’etre to the people,” Conte told the Il Sole 24 Ore financial newspaper.center_img The European Union has faced and survived a series of existential threats over the years but the coronavirus epidemic has exposed old wounds that could yet prove fatal.A debt crisis in Mediterranean countries, a series of refugee influxes and the ongoing saga on Brexit all rattled the European project but did not sink it. They may, however, have left it vulnerable to a new disease. ‘Completely ignorant’The EU has traditionally made its greatest strides forward when France and Germany have worked together, but on the debt issue France is siding with its southern allies.”We won’t overcome this crisis without strong European solidarity, in terms of health and budgets,” French President Emmanuel Macron told Italian newspapers.”This could involve a capacity to assume common debt — whatever it is called — or an increase in the EU budget to provide real support for the worst hit countries.”Either of these options crosses red lines for the frugal north, already fighting to limit even modest increases in Brussels’ operating budget for the next seven-year cycle.Merkel runs Germany as part of a coalition between her conservative party and the center left — more sympathetic to bigger spending — and has spoken cautiously in public.But the Netherlands has made no secret of its opposition to any debt burden sharing, infuriating its partners.”We are against it, but it’s not just us, and I cannot foresee any circumstances in which we would change that position,” Dutch premier Mark Rutte said after Thursday’s meeting.”On the eurobonds, not just the Netherlands, many others are against because it would bring the eurozone into a different realm,” he told reporters on a conference call. “It would mean you would cross the line, the Rubicon, into a eurozone that is more of a transfer union,” he said, suggesting it would mean frugal countries subsidizing the deficits of others.Many European leaders have been annoyed by The Hague’s position, but Portugal’s Prime Minister Antonio Costa was the most outspoken.  “This type of response is completely ignorant and this recurring pettiness completely undermines what makes up the spirit of the European Union,” he said.Even in Germany concerns are growing that this may not be the best time for budgetary dogmatism.”If we’re not prepared now to share our wealth, then I don’t know where this Europe is headed,” worried former German foreign and finance minister Sigmar Gabriel, in a Bild editorial. last_img read more

FTSE 100 CEO pay drops – but hold the cheers, say pension funds

first_img“However, any complacency would be wrong,” he added. “PLSA research has suggested that many companies are not listening to feedback from shareholders on this issue and the vast majority of pension fund investors think that pay gaps between executives and the wider workforce are too large.“Our members will be concerned by the fact that multi-million pound pay packages remain the default arrangements for CEOs, despite an absence of convincing evidence that they are necessary to incentivise or reward good leadership.”The 17% reduction drops to 15% if the pay of Martin Sorrell, chief executive of WPP, is excluded. He was the top earner in 2016, although his pay dropped by more than the average for the 25 highest-paid FTSE 100 CEOs.The CIPD/High Pay Centre analysis also showed that the average CEO was paid 129 times more than their average employee, down from a ratio of 148:1 in 2015.Increased pressure from investors and politicians as well as public opinion was said to be behind the drop in CEO pay.Investors have linked it at least in part to their efforts.Sacha Sadan, director of corporate governance at Legal & General Investment Management, said the asset manager had last year published revised pay principles and a paper highlighting inequality, which it sent to FTSE 350 executives.“We are encouraged by the progress being made and will continue to push companies to address pay inequality between CEOs and employees in order to achieve pay structures that are aligned with all stakeholders,” he said.A spokesperson for the Investment Association said: “The fall in CEO’s pay packages shows that FTSE 100 companies are listening to the demands of their shareholders and this is a welcome step in restoring public confidence in executive pay.“We have seen some companies working in the right direction this AGM season, with several FTSE 100 companies taking into account pay levels when setting their new pay policies.” Flash in the pan?Others pointed to political influence on investors’ behaviour.Charles Cotton, policy adviser for performance and reward at CIPD, and Stefan Stern, director at the High Pay Centre, said investors’ focus on executive pay may have been linked to an assumption that the government would this year seek to introduce legislation with recommendations on pay ratios, worker representatives on remuneration committees and annual binding votes.This assumption had been “upended” as a result of the Conservative party losing its majority following the June general election, they said. “Will the new minority government devote its limited time to reforming the way that big businesses are governed and its leaders remunerated?” they wrote. “Or will it focus all its energy on Brexit?“Our concern is that if the government vacates this space, CEO remuneration will accelerate once more, undermining employee engagement and attempts to boost workplace productivity.”Peter Cheese, chief executive of the CIPD, said: “We have to hope that the reversal in rising executive pay is the beginning of a re-think on how CEOs are rewarded, rather than a short-term reaction to political pressure. The fall in executive pay is a step in the right direction, but it’s still happening within an overall reward system where average wages in the UK have been flat.” In a major campaign speech last year before becoming prime minister, Theresa May pledged to tackle “corporate irresponsibility”, saying there should be binding votes on remuneration packages and that companies should disclose pay ratios.A subsequent government consultation on corporate governance reflected a softer stance, however. Company disclosure of CEO-employee pay ratios was proposed, but neither the idea of annual binding votes on pay packages nor that of electing employees to boards featured in the consultation. UK chief executives’ average pay fell 17% in the past 12 months but shareholders should not become complacent in the push for fairer remuneration, according to the UK’s pension fund trade association.The fall in FTSE 100 CEO pay was revealed in analysis published today by the CIPD, the professional body for human resources, and the High Pay Centre, a think tank.The annual survey found that the average FTSE 100 CEO received an annual pay package of £4.5m last year, compared with £5.4m in 2015.Luke Hildyard, policy lead on stewardship and corporate governance at the Pensions and Lifetime Savings Association (PLSA), said the reduction was “small but significant” and viewed positively by the association.last_img read more

Miralem Pjanić : New the Most Expensive B&H Dragon

first_imgMiralem Pjanić – 27 million EurosEdin Džeko – 24 million EurosSenad Lulić – 12 million EurosAsmir Begović – 10 million EurosVedad Ibisević – 8 million Euros Edin Džeko is no longer our most expensive football player. At least thay say so on the highly popular website Transfermarkt.de specialised in assessing players.After years of absolute domination, his place belongs from now on to the young Roma midfielder Miralem Pjanić, who is, according to many beliefs, our best player.Some other Dragons are also highly ranked on those lists, like for example Asmir Begović and Senad Lulić. (Source: Radio Sarajevo/ photo Reuters)last_img