Jeff Clavier’s SoftTech VC has closed investment on its third fund at $55 million, making Fund III its biggest fund yet.
Clavier talked to GigaOM about why SoftTech decided to go so big, how the new cash will be invested, and the larger tech industry landscape.
Although we live in an AC-dominated world, DC seems poised for a comeback, particularly in data centers. Facebook adopted a DC architecture in its Prineville, Ore., data center. SAP spent $128,000 retrofitting a datacenter at its offices in Palo Alto, Calif., to rely on DC power.
“Cloud first” markets — those where companies’ first serious engagements with information technology are in the form of cloud computing — are beginning to emerge. For the BRIC economies in particular, this might mean a chance to adopt low-cost solutions that will give companies a clear competitive advantage over more established enterprises bogged down by legacy infrastructure. Many pieces are already in place, and so it is worth pondering where the real force behind our knowledge industries will wind up in the next few years.
