Optical stalwart Morgenthaler Ventures just closed a new $850 million fund, a third of which is earmarked for optical concerns (see Morgenthaler Doubles Down). And stealthy storage startups, like Intransa, are attracting old-line networking pros like Eric Benhamou (see Eric the Intransa Gent), along with their startup dough.
Indeed, some think the storage sector in particular may be heading toward overfunding (see Venture Capital Survey), like the optical systems and components fields before it. So, there's still some weeding out ahead before a new crop of startups can reach full bloom.
Though the D&T survey says that only 37 percent of the VC respondents expect further declines in exit valuations, 72 percent said that follow-on rounds are still likely to decline in the next half-year, with many more startups -- and even some VC firms -- falling by the wayside.
"I think you'll see some of the newer [VC] funds ceasing operations," says Frame. "Especially the ones who came into being the last few years, and not firms with a lengthy track record. We're seeing a return to some of the traditional VC values, helping to build long-term businesses, and generate real value for customers."
D&T surveyed 1,200 individual VCs on both the east and west U.S. coasts, between June 1 and July 31, with 200 respondents from Silicon Valley alone, according to Frame, who says a follow-up survey will be conducted in the fourth quarter.
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
