2019 Prediction in the Cloud and IoT from The Fabric

As curtains are drawn on 2018 and we look towards 2019, we pause to look at the Multi-Cloud and IOT landscape, our theme with the Fabric 3 fund. Multi cloud is becoming mainstream. With over 80% of today’s businesses using multiple cloud environments, it’s safe to say that multi-cloud has become the new normal. Organizations are using over 4 clouds on an average with private cloud loads (45%) still being higher than public cloud (32%).

Technology infrastructure launchpad The Fabric raises $15 million

The Fabric, an early-stage investment company developing new infrastructure technologies, has raised $15 million for its third investment vehicle. Announced at the Montgomery Summit in Santa Monica, Calif., the new financing came from Verizon Ventures (the investment arm of TechCrunch’s parent company’s parent company) and March Capital Partners a Los Angeles-based venture capital firm.

IT to the Rescue

Faced with the exact types of challenges now facing the industrial internet, the traditional internet quickly adopted several key security technologies - endpoint security, generically labeled “antivirus”, internet firewalls with network address translation (pioneered by members of our founding team), and intrusion detection technologies.