Data Center Links: March 03, 2017

Here are some (mostly) recent things I found interesting:

• C3 IoT updates platform, adds machine learning, closes new financing. It was a big week for enterprise Internet of Things company C3 IoT. The company announced "Version 7 of its enterprise software platform for big data, predictive analytics, artificial intelligence (AI), and Internet of Things (IoT) applications, with new tools and enhancements." The new edition will be out Q1 2017 and feature advanced capabilities spanning five elements of the C3 IoT Platform – data science tools, artificial intelligence algorithms, application development tools, edge analytics, and platform administration. On Thursday C3 IoT said that it has raised a Series E financing round at a $1.4 billion pre-money valuation, led by Breyer Capital.

• Faction granted patent for work on hybrid and multi-cloud networking.  Enterprise-class IaaS cloud provider Faction announced that it has been awarded USPTO Patent #9,571,301 for its hybrid and multi-cloud technology. This technology powers its Faction Cloud Bloc and Faction Internetwork eXhange (FIX) product sets. Faction says its patent details how physical resources that may be hosted within a data center or colocation site can connect to one or more cloud providers a creating seamless, single pool of resources. The Denver based company, formerly known as Peak, also raised $11 million earlier this year to continue growing the company.

• JP Morgan software does in seconds what took lawyers 360,000 hours.  Hard to beat that for a headline. Bloomberg reports that a piece of software called COIN (Contract Intelligence) interpreted commercial loan agreements that previously consumed 360,000 hours of work each year by lawyers and loan officers. 

• Nimble introduces Multicloud storage service. Nimble announced Cloud Volumes, an easy to manage multi-cloud storage service that lets an enterprise use public cloud for compute and Nimble Cloud Volumes for storage capacity. Nimble explains that data protection is flexible and cost effective, as customers only pay for changed data, not for additional full copies. 

• Asetek signs product development agreement.  Liquid cooling company Asketek announced that it has signed with a 'major player in the data center space' for a development agreement that has been in the works for several years. Asetek says the goal of the agreement is to have "products in the market before year-end and resulting revenue to have significant impact on Asetek's future data center business."