Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.
"Our research provides compelling evidence that smart investments in technology, process, and culture drive profit, quality, and customer outcomes that are important for organizations to stay competitive and relevant -- both today and as we look to the future," said Dr. Nicole Forsgren, co-founder and CEO of DevOps Research and Assessment (DORA), referring to the organization's latest report Accelerate: State of DevOps 2018: Strategies for a New Economy, a survey of nearly 1,900 technical professionals worldwide, conducted in collaboration with Google Cloud.
"A stunning finding in the data this year is the compelling case of doing cloud right," Dr. Forsgren continued. "Adopting essential cloud characteristics drives high performance and differentiates the highest performers from those who may say they are in the cloud, but are unable to realize performance gains because their technology and processes aren't executed correctly."
Key findings of the report:
Software delivery and availability unlocks competitive advantages
Software delivery and availability unlocks competitive advantages, including increased profitability, productivity, market share, customer satisfaction, and the ability to achieve organization goals.
How you implement cloud infrastructure matters
The cloud improves software delivery performance but teams that leverage all of cloud computing's essential characteristics are 23 times more likely to be high performers.
Open source software improves performance
Open source software is 1.75 times more likely to be extensively used by the highest performers, who are also 1.5 times more likely to expand open source usage in future.
Outsourcing by function hurts performance
Outsourcing by function is rarely adopted by elite performers and hurts performance. While outsourcing can save money and provide a flexible labor pool, low-performing teams are almost 4 times as likely to outsource whole functions such as testing or operations than their highest-performing counterparts.
Key technical practices drive high performance
Key technical practices drive high performance. These key technical practices include monitoring and observability, continuous testing, database change management, and integrating security earlier in the software development process.
Industry doesn't matter
Industry doesn't matter when it comes to achieving high performance for software delivery. The report finds high performers in both non-regulated and highly regulated industries alike.
Industry News
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, has announced significant momentum around cloud native training and certifications with the addition of three new project-centric certifications and a series of new Platform Engineering-specific certifications:
Red Hat announced the latest version of Red Hat OpenShift AI, its artificial intelligence (AI) and machine learning (ML) platform built on Red Hat OpenShift that enables enterprises to create and deliver AI-enabled applications at scale across the hybrid cloud.
Salesforce announced agentic lifecycle management tools to automate Agentforce testing, prototype agents in secure Sandbox environments, and transparently manage usage at scale.
OpenText™ unveiled Cloud Editions (CE) 24.4, presenting a suite of transformative advancements in Business Cloud, AI, and Technology to empower the future of AI-driven knowledge work.
Red Hat announced new capabilities and enhancements for Red Hat Developer Hub, Red Hat’s enterprise-grade developer portal based on the Backstage project.
Pegasystems announced the availability of new AI-driven legacy discovery capabilities in Pega GenAI Blueprint™ to accelerate the daunting task of modernizing legacy systems that hold organizations back.
Tricentis launched enhanced cloud capabilities for its flagship solution, Tricentis Tosca, bringing enterprise-ready end-to-end test automation to the cloud.
Rafay Systems announced new platform advancements that help enterprises and GPU cloud providers deliver developer-friendly consumption workflows for GPU infrastructure.
Apiiro introduced Code-to-Runtime, a new capability using Apiiro’s deep code analysis (DCA) technology to map software architecture and trace all types of software components including APIs, open source software (OSS), and containers to code owners while enriching it with business impact.
Zesty announced the launch of Kompass, its automated Kubernetes optimization platform.
MacStadium announced the launch of Orka Engine, the latest addition to its Orka product line.
Elastic announced its AI ecosystem to help enterprise developers accelerate building and deploying their Retrieval Augmented Generation (RAG) applications.
Red Hat introduced new capabilities and enhancements for Red Hat OpenShift, a hybrid cloud application platform powered by Kubernetes, as well as the technology preview of Red Hat OpenShift Lightspeed.
Traefik Labs announced API Sandbox as a Service to streamline and accelerate mock API development, and Traefik Proxy v3.2.