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Entrepreneur-backed Monk’s Hill Ventures debuts with US$80mil fund

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Focus on early-degree, Series A and B, and boom-degree startups in SEA Founded on the concept of 'entrepreneurs backing marketers' MONK'S Hill Ventures (MHV), a clean entrant to Asia’s venture capital scene, has released with a S$100-million fund (US$eighty-million) mission fund based on the idea of “entrepreneurs backing marketers.”   The task fund was considered one of six VC firms chosen from 32 proposals, by using the Singapore Government for the Early Stage Venture Fund (ESVF) scheme, run by way of the island-republic's National Research Foundation (NRF), which sits below the Prime Minister’s Office.   Under the ESVF, the NRF will invest S$10 million (US$eight million) on a one-to-one matching basis with every of the chosen VCs, capitalising a complete fund length of S$one hundred twenty million (US$ninety five.6 million) for early stage investments.   The other five VCs are Jungle Ventures, SBI Ven Capital, Walden International, New Asia Investments and Go...

Oracle debuts new Solaris platform for cloud

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Combines OpenStack, SDN technology, clustering, and virtualization with organisation-elegance operating system Beta version of platform now available for down load ORACLE Corporation has unveiled Oracle Solaris eleven.2, a whole, included and open platform engineered for huge-scale organisation cloud environments.   According to the IT solutions and services issuer, customers can simplify their IT infrastructure and deliver reliable, high-overall performance, green, compliant and secure cloud offerings to their end customers at low fee.   “Oracle Solaris eleven.2 is a whole platform for simple, efficient, secure, compliant and open organisation cloud deployments that can help customers boost up their corporations and capitalize at the ability of cloud computing even as lowering price,” said John Fowler (p.c) , executive vice president, Systems, Oracle. The new Solaris platform combines OpenStack, software program-described networking (SDN) era, clustering, and virtualization with...