Lumity raises $19M to simplify employee health care choices

 As companies get bigger and bigger, their needs are going to change — including, probably most importantly, their options for health care as their employee base expands and the costs of those plans start to balloon. But the end result is that employees could be presented with a confusing set of plans to pick from without a whole lot of guidance. There’s where Lumity comes in.… Read More

Microsoft launches a new archival storage option for Azure

 Microsoft introduced a new storage option for its Azure cloud computing platform in preview today: the Azure Archive Blob Storage. This will give developers a cheaper alternative for the long-term storage of large amounts of archival data like logs, raw camera footage, audio recordings, transcripts and medical documents and images. This new tier joins the existing hot and cool blob storage… Read More

Microsoft Brainwave aims to accelerate deep learning with FPGAs

 This afternoon Microsoft announced Brainwave, an FPGA-based system for ultra-low latency deep learning in the cloud. Early benchmarking indicates that when using Intel Stratix 10 FPGAs, Brainwave can sustain 39.5 Teraflops on a large gated recurrent unit without any batching. Microsoft has been pouring resources into FPGAs for a while now, deploying large clusters of the field-programmable… Read More

Salesforce slides past its $10B annual run rate target

Marc Benioff, chairman and chief executive officer of Salesforce.com Inc. Earlier this year it looked as though Salesforce was starting to position itself as a company that would hit $10 billion in annual revenue run rate later this year — and, if all seems well, it looks like it may hit that target. Salesforce reported its second-quarter earnings today, saying it brought in $2.56 billion in revenue on earnings of 33 cents per share. This is a beat on both… Read More

Google launches Chrome Enterprise subscription service for Chrome OS

 Google is launching a new enterprise service for large businesses that want to adopt Chrome OS devices. The new Chrome Enterprise subscription, which will cost $50 per device and year, is essentially a rebrand of Chromebooks for Work, but with a number of additional capabilities. Even though the name would make you think this is about the Chrome browser, this program is actually all about… Read More

The top 7 startups from Y Combinator S’17 Demo Day 1

 A stem cell cryobank, self-flying personal planes, and an augmented reality data platform were amongst the highlights of the prestigious Y Combinator startup accelerator’s Summer 2017 Demo Day part 1. You can read about all 50 startups that launched today in verticals like AI and biotech, and check back later for the full list and favorites from day 2. For now, based on investor buzz… Read More