Lightspeed india partners8/13/2023 These are the biggest announcements from Red Hat Summit 2023. The firm, which has a team of nine partners in India and Southeast Asia, is nearly doubling the size of its fund because it’s seeing more opportunities in the regions as a young crop of startups. IBM has 55,000 channel partners worldwide, with 12,000 of them in North America, according to CRN’s 2023 Channel Chiefs. In the 2022 edition, Red Hat disclosed that it had 7,000 worldwide channel partners, 1,500 of them in North America. *Red Hat Advanced Cluster Security Cloud ServiceĪbout 80 percent of Red Hat’s overall sales come through the channel, according to CRN’s 2023 Channel Chiefs. *Updated capabilities for Red Hat Insights for RHEL Some of the other news to come out of Summit 2023 include: Hicks also sought a cultural change with employees “willing to engage and learn the intersections between our teams and to manage them more directly, with fewer layers of interface.” The layoffs appear to have targeted project managers and customer success professionals. Lightspeed India Partners I is a 2015 vintage venture capital early stage fund managed by Lightspeed India Partners. LSIP invests in early and growth-stage technology. Red Hat CEO Matt Hicks promised no cuts in sales and engineering and said the layoffs were due to the vendor needing to “rebalance” and decide what offerings were priority. Lightspeed India Partners (LSIP) and its India advisory team has offices in New Delhi and Bangalore. Accel, Elevation Capital and Nexus Venture Partners have also unveiled large. Summit 2023 comes soon after the vendor announced plans to lay off upwards of 800 employees, about 4 percent of its global workforce – suggesting that innovation has continued despite the lower headcount. Lightspeed Venture Partners, which closed a 275 million fund in 2020, unveiled a new 500 million fund last year. Red Hat, the Raleigh, N.C.-based IBM subsidiary and open software vendor, runs the event from Tuesday to Thursday in Boston. And new services in the Red Hat Trusted Software Supply Chain suite.Īnsible Lightspeed with IBM Watson Code Assistant, the Red Hat Developer Hub and Red Hat Trusted Application Pipeline and Trusted Content are some of the biggest announcements to come out of Red Hat Summit 2023 this week. An enterprise-grade, unified, open developer hub. Lightspeed Venture Partners, which closed a 275 million fund. Generative artificial intelligence for Ansible. Matrix Partners India has extended the target size for its current fund to 525 million, from 450 million it disclosed earlier.
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