"We’re using the cloud to plan more effectively," says Philip Jacob, senior director of risk management at Axioma, New York, who spoke at a CIO panel sponsored by Intralinks yesterday and then in a follow-up interview. The company is building a multi-asset-class risk management system for calculating potential losses on large books of complex assets. It provides stress testing under a variety of market scenarios…
Cloud Computing: Wayin Gets Second Round of Funding
Wayin, the 18-month-old Scott McNealy start-up, has topped up its funding with a $14 million B round lead by US Venture Partners with the participation of TIBCO, the big Silicon Valley law firm Wilson Sonsini and a very locker room crowd of private investors including TV producer Burt Sugarman, real estate developer Michael Meldman, Gunthy-Renker co-CEO Ben Van de Bundt, former Great Plains CEO and ex-Microsoft SVP Doug Burgum, sportscaster Jim Gray and others.
Financing so far totals $20 million…