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The Significance of Open Source Software in the Digital-First Future Enterprise

CIO

To become a software-powered organisation, companies must first identify and address the concerns of its developers in areas such as developer experience, developer velocity and software security. Key Research Findings OSS accounts for almost 70% of all software used in a typical Asia/Pacific enterprise to drive digital innovation.

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8 open source companies from YC Demo Day Winter ’22

TechCrunch

Wicked fast VPNs, data organization tools, auto-generated videos to spice up your company’s Instagram stories … Y Combinator’s Winter 2022 open source founders have some interesting ideas up their sleeves. And since they’re open source, some of these companies will let you join in on the fun of collaboration too.

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IBM doubles down on hybrid cloud with $6.4B HashiCorp acquisition

CIO

In the statement , the company said HashiCorp’s suite of products offers “enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities,” which enable businesses to automate their hybrid and multicloud environments.

Cloud 328
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Otterize raises $11.5M to help developers securely connect software services

TechCrunch

So Greenwald, Shoshan and Sarid, the former CTO of MuleSoft, founded Otterize , which aims to allow developers to securely connect different software services to each other and infrastructure by automatically configuring existing security controls. Otterize today raised $11.5 ” Otterize raises $11.5M

Software 211
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Finite State lands $30M Series B to help uncover security flaws in device firmware

TechCrunch

Columbus, Ohio-based Finite State, a startup that provides supply chain security for connected devices and critical infrastructure, has raised $30 million in Series B funding. . The funding lands amid increased focus on the less-secure elements in an organizations’ supply chain, such as Internet of Things devices and embedded systems.

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Traceable AI nabs $60M to secure app APIs using machine learning

TechCrunch

According to Salt Labs, the research division of Salt Security (which sells API cybersecurity products, granted), API attacks from March 2021 to March 2022 increased nearly 681%. Bansal saw the writing on the wall four years ago, he said, when he cofounded San Francisco-based Traceable with CTO Sanjay Nagaraj.

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Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO

With AI, their users can get extremely smart research assistants. Now I’ve got summarization capabilities, access to the world’s best research librarian, and a first-draft text generator for a lot of things I want to do,” he says. Retraining, deployment, operations, testing—a lot of these features just aren’t available yet.”