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HYCU secures $53 million to improve its multi-cloud data security service

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HYCU secures $53 million to improve its multi-cloud data security service

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Today, hybrid cloud and multi-cloud data backup and recovery as a service provider HYCU, Inc. announced it has raised $53 million as part of a Series B funding round led by Acrew Capital, which it intends to use to meet the demand for multi-cloud data protection solutions in in on-premise and public cloud environments.

HYCU Protege is the organization’s flagship solution. It allows organizations to back up apps, virtual machines, and databases in cloud-gapped storage.

It’s an approach designed to enable enterprises to defend their data against ransomware with data resilience, so that data stored in the cloud can’t be exfiltrated or encrypted, which is now essential given that ransomware attacks grew by 92.7% last year.

Maintaining data resiliency against ransomware

This announcement comes at a time when enterprises operate in multi-cloud and hybrid cloud environments that store data inside and outside the network’s perimeter.

“With 92 percent of organizations rapidly adopting a SaaS-based multi-cloud model, there is a critical need for companies to deploy a new breed of solutions that serve as true multi-cloud data protection delivered as a service. Simon Taylor, founder and CEO of HYCU.

“More than 80 percent of data breaches are the direct result of human error, which can cost billions of dollars. This doesn’t even begin to factor in the rise of ransomware where we are seeing an attack every 11 seconds on companies across North America,” Taylor said.

In this environment, Taylor says that companies need to be able to backup data continuously so that it is available and easy to retrieve in the event of a data breach.

HYCU attempts to address these challenges by offering cloud-native automated data migration, backup, and recovery as a service so that organizations can efficiently protect, manage, and recover apps, data, databases, and VMs in multi-cloud environments.

A brief look at the cloud backup market

The organization’s funding comes as the cloud backup market continues to grow, with researchers anticipating an increase in value from $1834.3 million in 2019, to $4229.3 million by 2026.

However, HYCU is not the only company offering a cloud data recovery and protection service to combat the increasing number of ransomware attacks.

One of the organization’s main competitors is Rubrik, a cloud-based data resiliency platform that offers enterprises automated air-gapped backups for on-premises, multi-cloud, and SaaS environments that can’t be modified, deleted or encrypted. Rubrik currently holds a valuation of $4 billion following a Microsoft investment last year.

Another significant competitor is Veeam with Veeam Backup and Replication, which enables enterprises to backup and recover data in hybrid cloud environments, with instant recovery capabilities for NAS, Microsoft SQL and Oracle. Veeam Software was purchased by Insight Partners for 5 billion in 2020.

HYCU’s cloud agility and on-premises capabilities are key distinguishing factors from other products.

” The biggest difference HYCU makes is its one-stop solution for data protection, regardless of where it is located. Taylor stated that most enterprises have many data sources. It is difficult to find a “one-size fits all” solution.

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USB logos finally make sense, thanks to a redesign

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USB logos finally make sense, thanks to a redesign


Author: Mark Hachman
, Senior Editor

As PCWorld’s senior editor, Mark focuses on Microsoft news and chip technology, among other beats. He has formerly written for PCMag, BYTE, Slashdot, eWEEK, and ReadWrite.

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Cheaper OLED monitors might be coming soon

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Cheaper OLED monitors might be coming soon


Author: Michael Crider
, Staff Writer

Michael is a former graphic designer who’s been building and tweaking desktop computers for longer than he cares to admit. His interests include folk music, football, science fiction, and salsa verde, in no particular order.

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New Pixel Watch leak reveals watch faces, strap styles and more

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New Pixel Watch leak reveals watch faces, strap styles and more
Google Pixel watch



The Google Pixel Watch is incoming
(Image credit: Google)

We’re expecting the Google Pixel Watch to make its full debut on Thursday, October 6 – alongside the Pixel 7 and the Pixel 7 Pro – but in the meantime a major leak has revealed much more about the upcoming smartwatch.

Seasoned tipster @OnLeaks (opens in new tab) has posted the haul, which shows off some of the color options and band styles that we can look forward to next week. We also get a few shots of the watch interface and a picture of it being synced with a smartphone.

Watch faces are included in the leak too, covering a variety of different approaches to displaying the time – both in analog and digital formats. Another image shows the watch being used to take an ECG reading to assess heartbeat rate.

Just got my hands on a bunch of #Google #PixelWatch promo material showing all color options and Watch Bands for the first time. Some details revealed as well…@Slashleaks 👉🏻 https://t.co/HzbWeGGSKP pic.twitter.com/N0uiKaKXo0October 1, 2022

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Full colors

If the leak is accurate, then we’ve got four silicone straps on the way: black, gray, white, and what seems to be a very pale green. Leather straps look to cover black, orange, green and white, while there’s also a fabric option in red, black and green.

We already know that the Pixel Watch is going to work in tandem with the Fitbit app for logging all your vital statistics, and included in the leaked pictures is an image of the Pixel Watch alongside the Fitbit app running on an Android phone.

There’s plenty of material to look through here if you can’t wait until the big day – and we will of course be bringing you all the news and announcements as the Google event unfolds. It gets underway at 7am PT / 10am ET / 3pm BST / 12am AEDT (October 7).


Analysis: a big moment for Google

It’s been a fair while since Google launched itself into a new hardware category, and you could argue that there’s more riding on the Pixel Watch than there is on the Pixel 7 and Pixel 7 Pro – as Google has been making phones for years at this point.

While Wear OS has been around for a considerable amount of time, Google has been leaving it to third-party manufacturers and partners to make the actual hardware. Samsung recently made the switch back to Wear OS for the Galaxy Watch 5 and the Galaxy Watch 5 Pro, for example.

Deciding to go through with its own smartwatch is therefore a big step, and it’s clear that Google is envious of the success of the Apple Watch. It’s the obvious choice for a wearable for anyone who owns an iPhone, and Google will be hoping that Pixel phones and Pixel Watches will have a similar sort of relationship.

What’s intriguing is how Fitbit fits in – the company is now run by Google, but so far we haven’t seen many signs of the Fitbit and the Pixel lines merging, even if the Pixel Watch is going to come with support for the Fitbit app.

Dave is a freelance tech journalist who has been writing about gadgets, apps and the web for more than two decades. Based out of Stockport, England, on TechRadar you’ll find him covering news, features and reviews, particularly for phones, tablets and wearables. Working to ensure our breaking news coverage is the best in the business over weekends, David also has bylines at Gizmodo, T3, PopSci and a few other places besides, as well as being many years editing the likes of PC Explorer and The Hardware Handbook.

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