Lyric Semiconductor, a Cambridge, Mass.-based startup that was spun out of MIT in 2006, today announced a revolutionary new approach to processing data called probability processing. It wants to make chips that are fit for a world drowning in information and dealing with data deluge.
The company was started by Dr. Ben Vigoda, a chip industry veteran, and MIT Scientist and chip industry veteran David Reynolds. It’s backed by Analog Devices CEO and lead partner of Stata Ventures, Ray Stata, with more than $20 million in funding from DARPA. It’s coming out of stealth today.
A recent customer survey by TrackVia, a cloud-based application development platform, found it’s not cost savings that attract non-technical users to their solution. Fifty percent cited functionality and 30 percent cited ease-of-use, making these the two most popular reasons for moving development to the cloud.
NewScale, rPath and Eucalyptus Systems are working on a new self service, private cloud initiative which is going to be announced on August 24. This new effort is going to an integrated offering that is targeting hybrid and private clouds. This will be yet another offering that would perhaps compete with a whole series of companies and efforts, including the open source cloud stack, OpenStack. More details will likely emerge around the time of VMworld 2010.