One in five companies face unexpected cloud bills
A database survey suggests one in five companies could be facing unexpected cloud bills as a result of growing datasets and database as a service (DBaaS).
The research, undertaken by open-source database software and services company Percona, found the cost of cloud computing was a concern for many companies, with 22% facing additional and unplanned costs from their cloud partners.
The firm found respondents using DBaaS had increased by five percentage points year-on-year to 45%, with more than half (56%) of large companies saying they used DBaaS. Half of the respondents using DBaas were using more than one service in order to mitigate risk.
Unexpected cloud costs were blamed on upgrading systems, with 28% of companies requiring two to three upgrades and almost two in three of those needing more than 10.
Peter Zaitsev, CEO at Percona, said, “For many organizations, growth around cloud and data has increased more than they expected. Keeping control over your data and your costs will be essential for everyone over time – using open source databases is one of the best ways to achieve this.
“However, the increasing popularity of DBaaS in this year’s results shows that many organizations are potentially unaware of all the issues that exist around cloud and lock-in. Combining Kubernetes and open source databases can help deliver the right mix of control, freedom, and flexibility when it comes to data.”
Start-ups receive $60 billion investment, smash 2020 record
Start-ups on the continent have raised a massive 43.8 billion euros ($60.9 billion) in just the first six months of 2021, according to figures from Dealroom, surpassing the record 38.5 billion euros invested last year..
This is despite the fact that the number of venture deals signed so far is around half the amount agreed in 2020. Only about 2,700 funding rounds have been raised so far this year, compared to 5,200 last year.
Prime examples in times of change
Examples are Swedish buy-now-pay-later firm Klarna which has raised more than $1.6 billion in two financing rounds, the German stock trading app Trade Republic received $900 million in May and British payments provider Checkout.com snapped up $450 million at the start of the year.
The figures suggest that European tech firms are pulling in far larger sums of money per investment than in previous years, which defies the economic uncertainty of the pandemic and boosted online services enormously.
The CEO of Checkout.com, Guillaume Pousaz, said start-ups have often been created in times of crisis, citing the emergence of several new financial technology companies in the wake of the 2008 global financial crisis.
He added that big transformational change was often the time when there is the emergence of a lot of new start-ups, sometimes when people are losing their jobs for associated reasons.
UK leading the charge
Scale-Up Europe, a group that includes the founders of UiPath and Wise, proposed 21 recommendations to help the region build “the next generation of tech giants.” Among the suggestions are tax credits to corporates for investing in start-ups and regulatory changes that adapt to new innovations.
Sebastian Siemiatkowski, CEO of Klarna, said the U.K. leads Europe when it comes to tech policy, and that there were a number of regulatory issues needing to be addressed before the European Union can produce tech giants of its own.
Siemiatkowski highlighted EU regulation of web cookies as an example of “poor regulation.” Yet, as the number of $1 billion start-ups in Europe continues to grow, the number of exits in the continent is also increasing.
This year has already seen some notable acquisitions, including Etsy’s $1.6 billion purchase of U.K. fashion resale app Depop and JPMorgan’s takeover of London robo-advisor Nutmeg.
As for stock market listings, a number of notable debuts have taken place in London in particular, including food delivery app Deliveroo, cybersecurity firm Darktrace and reviews site Trustpilot. Money transfer giant Wise, formerly known as TransferWise, plans to go public in the U.K. capital soon.