1000+ Startup, SME's & Enterprises
July 2, 2020

Vendia raises $5.1M for its serverless multi-cloud platform

Consult Our Experts

Table of Contents

As AWS Lambda’s founder, Tim Wagner, and former blockchain boss at AWS, Shruthi Rao, co-found a startup, it’s definitely worth paying attention. Vendia incorporates the best of serverless and blockchain, as the new initiative is named, to help create a fully multi-cloud serverless network for efficient data storage and application sharing.

contact-us

Headed by Neotribe’s Swaroop ‘Kittu’ Kolluri, the Vendia team today revealed it has raised a $5.1 million seed funding round. Those included in this overwritten round were Correlation Ventures, WestWave Capital, HWVP, Firebolt Ventures, Floodgate, and Future\Perfect Ventures.

It isn’t exactly a surprise to see Wagner at the helm of a blockchain-centric startup. He spent some time at Coinbase as VP of Engineering after developing Lambda at AWS, where he quit about a year ago to create Vendia.

I ended up moving to Coinbase and spending a little over a year there as VP Innovation, helping them set the tone for some of the work on that site and tripling the size of the team.’  He noted that Coinbase may be one of the few organizations where distributed ledgers are genuinely mission-critical to their business, but even Coinbase, for example, had trouble scaling its Ethereum fleet and there was no cloud-based infrastructure available to help it do so.

No one thinks about how you would build a distributed ledger or blockchain as if it were a cloud service, with all the things we’ve learned over the last 10 years building up the public cloud and learning how to do it on a scale, “he said. Then, Wagner joined forces with Rao, who spent a lot of time talking to blockchain customers in her job at AWS. One thing she found was that while using blockchain to create trust in a public setting makes a lot of sense, it isn’t a business issue.

On the other hand, they have made contributions to AI and ML and analytics. So they said, ‘Oh, there are loads of data so I want to move all the data into these smart networks. To get this data, I need a system.'” But much of the data also comes from third-party providers. Around the same time, the most blockchain proof of concepts did not progress into any actual use of production because the mechanism was always way too complicated; particularly businesses that would choose to link their systems to their partners’ systems.

Also Read:  How to Make a Chatbot in Python

That’s because you have to own your data to place trust in a program like a blockchain to guarantee security. And you need your server, to own your records. So we are essentially solving the wrong problem, “she explained.

As noted by Wagner, businesses often want to share large data sets but also want to ensure that they can control who has access to that data. Vendia is essentially a virtual data lake with built-in provenance monitoring and tamper-proofing for those applications.

Conclusion:

The company, which raised this round mostly after the coronavirus pandemic took hold in the U.S., is already working with a few design partners in multiple industries to test its ideas and plans to use the new funding to expand its engineering team to build its tools.

Disclaimer

contact-us

Hire Our Development Experts.

    About Author


    Coo of Fluper, Perfect blend of beauty, style and intelligence highlighted by sudden sparks of enthusiasm.

    Richa Sharma

    What Makes Fluper Different?

    Fluper is not an idea but an initiative to bring transformation aided by technology
    Learning with a team of seasoned experts and agile thinkers is a real-life experience.

    15+ Million

    Users Engagement

    Guaranteed

    Project Delivery

    Free

    Business Analysis

    Project

    Penalty Enforcement

    IBM

    Certified Partners

    1000+

    Projects Delivered

    16+ Years of

    Of IT Exposure

    Support

    24*7 Availability
    Our Blogs
         

    Transform Your Business With Insights on Digitalization, Automation, Technology Integration and ICT Trends.

    May, 20.2024

    App Development:

    Android apps that are dangerous for
    you, check now how to be safe!

    Read More

    Client's Testimonial

    We’ve been lucky to collaborate and deliver transformation
    with a long list of overseas clients.

    Their Statements are Proud
    Testaments to our Dedication

    Fluper is the best ICT Company that navigates the digital frontier with unmatched solutions pursuit for excellence. Undoubtedly, there is an intense contribution of agile thinkers and growth facilitators behind the screens of our developing excellence.

    • 4.5/5.0
    • 4.8/5.0
    • 4.9/5.0
    • 4.6/5.0
    • 4.8/5.0
    • 4.9/5.0

    1000+ Startups, SMEs & Enterprises

    Launch your Million Dollar Business Idea Into a Successful Growth Story.
    • Free Marketing

    • 2.5 Year Post Launch Assistance

    • Money Back Guarantee

    • Real-Time tracking & Support

    Schedule Call

    Our Global Presence

    500+

    Startups

    300+

    SMEs

    200+

    Enterprises

    We Built

    1000+

    Brands Globally

    30+

    Countries Served

    Office Address

    C- 142, Sector 63 Rd, C Block, Sector 63, Noida, Uttar Pradesh 201301

    Call Fluper

    IND: +91-959-955-1432

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +91-9599551432

    Office Address

    104 Yes Business Tower, Al Barsha 1 Dubai

    Call Fluper

    UAE: +971-54-700-4175

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +971-54-700-4175

    Office Address

    Building 1913 2nd Floor, Manama, Bahrain

    Call Fluper

    Bahrain: +973-3222-0548

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +973-3222-0548

    Office Address

    Level 23, Collins Square Tower Five, 727 Collins Street Postcode VIC 3008 Melbourne Oceania Australia

    Call Fluper

    Australia: +61-29-1919-752

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +61-29-1919-752

    Office Address

    120 High Road, East Finchley London, N29ED, Uk

    Call Fluper

    UK: +44-208-089-4432

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +44-208-089-4432

    Office Address

    Laneoffice Suite Sarasota florida US.

    Call Fluper

    USA: +1-917-732-2131

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +1-917-732-2131

    Let's Talk!