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Snowflake stock soars in largest software IPO ever; Madrona among earlier venture investors

GeekWire

In 2017 Madrona invested in a Series E round for healthcare startup Accolade, which opened a second headquarters location in Seattle in 2015. based company more than doubled revenue to $242 million in the first half of 2020, with a net loss of $171.3 All three competitors offer their own data warehousing service.

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Buyer’s guide: Data protection for hybrid clouds

Network World

According to the Thales Group, a defense-, security-, and aerospace-focused technology firm, 60% of corporate data now resides in the cloud, up from 30% in 2015. It offers backup as a service through third parties. And 80% of enterprises have adopted a hybrid computing model.

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Tech Moves: Expedia board director Skip Battle resigns; Madrona promotions; Vacasa’s new CFO

GeekWire

Its net loss for the first nine months of this year was $2.2 ” Sharma joined Madrona last year from Amazon Web Services. Li originally joined the firm in 2015 as an associate and was previously a consultant with the Boston Consulting Group. The company posted revenue of $4.2 billion in 2019. Jamie Cohen.

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Former AWS real estate managers, accused of taking millions in kickbacks, challenge Amazon’s motives amid FBI investigation

GeekWire

Amazon Web Services had embarked on a data center building boom to handle soaring demand as attendees gathered for its 2019 re:Invent conference in Las Vegas. Amazon Web Services needed more capacity. An Amazon Web Services data center in Sterling, Va. GeekWire Photo / Todd Bishop).

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Amazon Prime Day kicks off on June 21st

The Verge

billion in net sales in Q1. Since its inception in 2015, Amazon has leveraged the global shopping event as a way to retain Amazon Prime subscribers, which now top more than 200 million , and bolster sales during what is often considered a slow period for retailers. Third-party sellers alone earned more than $3.5

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The biggest enterprise technology M&A deals of the year

CIO Business Intelligence

Even though Nvidia’s $40 billion bid to shake up enterprise computing by acquiring chip designer ARM has fallen apart, the merger and acquisition (M&A) boom of 2021 looks set to continue in 2022, perhaps matching the peaks of 2015, according to a report from risk management advisor Willis Towers Watson.

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Kicking people off social media isn’t about free speech

Vox

Apple, Google, and Amazon Web Services banned the right-wing Twitter alternative Parler, effectively shutting down the site indefinitely (though it’s attempting to return ) and relegating many right-wingers to the hinterlands of the internet. The same was true for many of Trump’s more extremist followers. jack (@jack) January 14, 2021.

Media 105