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Six Start-Ups Graduate As A Part Of NetApp Excellerator Programme

These six start-ups were carefully selected from over 450 applications

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Six Start-Ups Graduate As A Part Of NetApp Excellerator Programme
Six Start-Ups Graduate As A Part Of NetApp Excellerator Programme. Flickr

Data storage and management company NetApp on Thursday announced the graduation of its second cohort of six start-ups as part of the NetApp Excellerator programme.

The six start-ups — SigTuple, Nanobi, ArchSaber, Anlyz, Dataken and BlobCity — demonstrated their achievements and progress to venture capitalists, NetApp executives and prominent industry leaders.

The programme is designed to help enterprise start-ups achieve their full potential through mentorship with one of NetApp’s largest R&D teams.

“These six start-ups were carefully selected from over 450 applications. Our mentors and in-house technology experts took great care in creating custom programmes for each of them. Through their time with the NetApp Excellerator Programme, SigTuple, one of the participating start-ups received funding,” said Ajeya Motaganahalli, Senior Director and Leader of the NetApp Excellerator Programme.

NetApp Excellerator Programme
NetApp Excellerator Programme, Flickr

“Anlyz and BlobCity initiated multiple proof-of-concept projects, and some big customer wins for a couple of other start-ups. By the end of the programme, each of them had fine-tuned their approach, products, target market and Cloud strategy,” Motaganahalli added.

Applications for the third cohort are open until August 5.

Also read: Cisco And NetApp Declare New And Developed Cloud-Based Solutions

The company said that start-ups working in areas related to IOT, Cloud, big data and analytics, machine learning (ML), virtualisation, data security, storage, data management and other adjacent areas can apply. (IANS)

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LG Group Steps up For Investment in Global Start-ups

Most recently, the investment arm invested in $2 million in AmazeVR, a virtual reality platform start-up in Silicon Valley

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LG logo, wikimedia

South Korean conglomerate LG Group has said it has been looking for investment opportunities in various fields to keep pace with fast-changing technology trends and find new growth drivers.

LG Technology Ventures, LG’s venture capital investment arm, has invested over $19 million in start-ups in emerging technology fields, including IT, automotive, manufacturing, bio, energy and advanced materials.

The amount is about 4.5 per cent of the $425 million fund assets raised by five LG affiliates in electronics, display, chemical, telecom and IT service provision for its establishment in 2018, the company said.

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Among the companies are mobility software provider Ridecell and bio-tech company Lygos, as well as cooking app SideChef and advanced material company Optodot, Yonhap news agency reported on Thursday.

Most recently, the investment arm invested in $2 million in AmazeVR, a virtual reality platform start-up in Silicon Valley.

“LG Technology Ventures is monitoring the technology development of global start-ups, while searching for investment opportunities in various fields, including artificial intelligence, virtual and augmented reality, bio, materials and displays,” LG said in a release. (IANS)