Latest news with #Kinesis
Business Insider
2 days ago
- Business
- Business Insider
Kinesis Network Launches Revolutionary Compute Optimization Platform
Seattle, Washington, June 10th, 2025, Chainwire Protocol enables any computing resource to be exchanged, monetized, and put to work Kinesis Network ('Kinesis'), a platform redefining how the world accesses compute, today announced the launch of the Kinesis Protocol testnet. This foundational infrastructure layer transforms underutilized computing resources into scalable, high-performance, on-demand compute services, powered by blockchain technology. Kinesis enables any underutilized computing resource to be exchanged, monetized, and put to work. Its flexible architecture supports a wide range of real-world applications, including Kinesis Cloud, an innovative platform built to meet the growing compute demands of modern AI workloads. Kinesis uses a unique supply-side software that instantly onboards any personal computer, tablet, or data center server, eliminating Web3 complexity for suppliers. Anyone with computing power can join the network without blockchain knowledge or even a bank account. Customers can access the service just like a traditional cloud provider—no wallets, tokens, or Web3 exposure required. 'Compute should work like a power grid,' said Baris Saydag, CEO of Kinesis. 'You don't think about where electricity was generated or who supplied it—you just plug in and it works. That's what we're building with Kinesis: a decentralized compute grid where anyone can supply, anyone can consume, and compute just flows. No complexity. No friction. Just plug in and go.' JOULE Token Kinesis is powered by JOULE, a protocol token with a non-inflationary design and a fixed supply of one billion tokens that ensure the programmatic functioning of the Kinesis Network. The platform pays providers directly from transaction fees paid by users, rather than inflating new tokens, ensuring a sustainable economic loop rooted in real usage. Delegated Staking Kinesis also offers Delegated Staking, allowing suppliers to use tokens held by third parties to participate in the network and share a portion of the rewards with those delegators. This creates a win-win-win dynamic: suppliers come online with significantly reduced friction. Meanwhile, JOULE holders participate to secure the network while receiving rewards for their participation, and the broader ecosystem grows stronger as more tokens are actively committed to the network, strengthening its overall health and resilience. Large entities can launch their own custom delegation pools, enabling them to onboard suppliers directly from their user base at scale and drive powerful network effects. This mechanism is designed to attract ecosystem-scale partners—platforms and communities with access to large-scale supply—by giving them a direct incentive to activate their networks and share in the upside. Kinesis was founded by a team of technologists with deep expertise in cloud infrastructure, large-scale system optimizations, and blockchain. The leadership team brings experience from Microsoft, AWS, IBM, and Meta, combining technical depth with real-world execution. In addition to CEO Baris Saydag, the founding team includes Hamza AK (Chief Operating Officer), Bina Khimani (Chief Product and Revenue Officer), and Toshihito Kikuchi (Chief Architect). 'Kinesis aims to unlock the world's underutilized compute and turn it into high-performance infrastructure that anyone can use, on demand—just like plugging into a power outlet,' said AK. 'Delivering that experience at a global scale requires an economic framework built for efficiency and real-world participation. Delegated Staking is one part of that framework: JOULE holders power the network and earn yield, while enabling suppliers to come online instantly, with no friction. It's a self-reinforcing incentive loop designed to scale with global participation and transform how compute is accessed, supplied, and rewarded.' The Kinesis testnet is now live. 'Bring your hardware, your ideas, or your community. Whether you're a developer, a supplier, a JOULE holder, or a potential partner, this is your invitation to help build the future of cloud,' added AK. About Kinesis Network Kinesis Network ('Kinesis') is a critical infrastructure that transforms underutilized computing resources into scalable, on-demand services. Powered by JOULE, a non-inflationary protocol token with a fixed supply, Kinesis creates an open, tokenized economy for compute, where anyone can supply, anyone can consume, and everything just works. Kinesis abstracts away Web3 complexity on both sides of the network, enabling seamless onboarding for suppliers and a familiar cloud-like experience for customers. Its first flagship product, Kinesis Cloud, delivers radically more efficient AI infrastructure at a fraction of the cost of traditional cloud providers.
TECHx
04-03-2025
- Business
- TECHx
Qlik Acquires Upsolver to Enhance Real-Time Data and AI Capabilities News Desk - 04/03/2025 ShareQlik has announced the acquisition of Upsolver, a company specializing in real-time data streaming and Apache Iceberg optimization. This acquisition strengthens Qlik's ability to deliver end-to-end, open, and scalable solutions that unify data integration, analytics, and AI under a single platform.The integration of Upsolver's real-time ingestion and adaptive optimization technologies with Qlik's comprehensive data platform will empower organizations to access data faster, optimize their data estate, reduce costs, and unlock AI-driven insights. This move positions Qlik to lead the transition to open data lakehouses, catering to enterprises that demand flexibility, scalability, and performance.Apache Iceberg, a groundbreaking open table format, supports high-performance analytics on large datasets and seamless integration with various data processing engines. By combining Upsolver's real-time ingestion with Qlik's data platform, the acquisition enables a seamless experience for delivering timely insights, cutting infrastructure costs, and scaling analytics and AI initiatives with open, trusted, and governed data.Key Benefits of the Acquisition:Real-Time Insights: Continuous ingestion from streaming sources like Kafka and Kinesis, enhancing decision-making and AI workflows.Unified Data Ecosystem: A single platform for ingesting, transforming, managing, optimizing, and governing Iceberg-based open lakehouses.Cost Optimization: Upsolver's Adaptive Iceberg Optimizer reduces storage costs and improves query performance by up to 5x with automated, table-specific optimizations.Open and Interoperable: Use the open Iceberg table format to work flexibly with tools and engines like Snowflake, Databricks, and Athena.James Fisher, Chief Strategy Officer at Qlik, shared, 'With Upsolver's real-time streaming and Iceberg optimization, we're enhancing Qlik's enterprise solutions, driving more value for our customers. We're excited to welcome Upsolver's team of experts to further strengthen our commitment to open, scalable data solutions.'Stewart Bond, Vice President of Data Intelligence and Integration Software Research at IDC, commented, 'This acquisition positions Qlik to meet the growing demand for scalable and interoperable solutions that unlock the full potential of AI and machine learning, while maintaining control over costs and governance.'Ori Rafael, CEO of Upsolver, added, 'Our real-time ingestion and Iceberg optimization seamlessly integrate with Qlik's platform, offering a unified solution that empowers organizations to scale, reduce costs, and enable AI-driven innovation with trusted, governed data.'This acquisition solidifies Qlik's position as a leader in open, real-time data solutions, helping businesses simplify data management, enhance operational efficiency, and scale AI-driven strategies. Learn more about how Qlik and Upsolver can transform your data approach at Qlik.com.
Qlik Acquires Upsolver to Enhance Real-Time Data and AI Capabilities Qlik has announced the acquisition of Upsolver, a company specializing in real-time data streaming and Apache Iceberg optimization. This acquisition strengthens Qlik's ability to deliver end-to-end, open, and scalable solutions that unify data integration, analytics, and AI under a single platform. The integration of Upsolver's real-time ingestion and adaptive optimization technologies with Qlik's comprehensive data platform will empower organizations to access data faster, optimize their data estate, reduce costs, and unlock AI-driven insights. This move positions Qlik to lead the transition to open data lakehouses, catering to enterprises that demand flexibility, scalability, and performance. Apache Iceberg, a groundbreaking open table format, supports high-performance analytics on large datasets and seamless integration with various data processing engines. By combining Upsolver's real-time ingestion with Qlik's data platform, the acquisition enables a seamless experience for delivering timely insights, cutting infrastructure costs, and scaling analytics and AI initiatives with open, trusted, and governed data. Key Benefits of the Acquisition: Real-Time Insights : Continuous ingestion from streaming sources like Kafka and Kinesis, enhancing decision-making and AI workflows. : Continuous ingestion from streaming sources like Kafka and Kinesis, enhancing decision-making and AI workflows. Unified Data Ecosystem : A single platform for ingesting, transforming, managing, optimizing, and governing Iceberg-based open lakehouses. : A single platform for ingesting, transforming, managing, optimizing, and governing Iceberg-based open lakehouses. Cost Optimization : Upsolver's Adaptive Iceberg Optimizer reduces storage costs and improves query performance by up to 5x with automated, table-specific optimizations. : Upsolver's Adaptive Iceberg Optimizer reduces storage costs and improves query performance by up to 5x with automated, table-specific optimizations. Open and Interoperable: Use the open Iceberg table format to work flexibly with tools and engines like Snowflake, Databricks, and Athena. James Fisher, Chief Strategy Officer at Qlik, shared, 'With Upsolver's real-time streaming and Iceberg optimization, we're enhancing Qlik's enterprise solutions, driving more value for our customers. We're excited to welcome Upsolver's team of experts to further strengthen our commitment to open, scalable data solutions.' Stewart Bond, Vice President of Data Intelligence and Integration Software Research at IDC, commented, 'This acquisition positions Qlik to meet the growing demand for scalable and interoperable solutions that unlock the full potential of AI and machine learning, while maintaining control over costs and governance.' Ori Rafael, CEO of Upsolver, added, 'Our real-time ingestion and Iceberg optimization seamlessly integrate with Qlik's platform, offering a unified solution that empowers organizations to scale, reduce costs, and enable AI-driven innovation with trusted, governed data.' This acquisition solidifies Qlik's position as a leader in open, real-time data solutions, helping businesses simplify data management, enhance operational efficiency, and scale AI-driven strategies. Learn more about how Qlik and Upsolver can transform your data approach at
Zawya
03-03-2025
- Business
- Zawya
Qlik acquires Upsolver to deliver low-latency ingestion and optimization for Apache Iceberg
United Arab Emirates, Dubai – Qlik®, a global leader in data integration, data quality, analytics, and AI, today announced the acquisition of Upsolver, a pioneer in real-time data streaming and Apache Iceberg optimization. This move deepens Qlik's ability to provide enterprises with end-to-end, open and scalable solutions that unify data integration, analytics, and AI under a single platform. The acquisition combines Upsolver's real-time ingestion to Iceberg and adaptive optimization with Qlik's end-to-end data platform, enabling organizations to access data faster, optimize their data estate, reduce costs, and unlock AI-driven insights. The acquisition of Upsolver positions Qlik to lead in the shift toward open data lakehouses, where enterprises demand flexibility, scalability, and performance. Apache Iceberg, a transformative open table format, enables organizations to implement open lakehouses that provide high-performance analytics on large datasets while ensuring seamless integration with various data processing engines. By integrating Upsolver's real-time ingestion and optimization technologies, Qlik offers a seamless platform for delivering timely insights, reducing infrastructure costs, and enabling enterprises to scale analytics and AI initiatives with open, trusted and governed data. Key benefits of this acquisition include: Real-Time Insights: Enable continuous ingestion from streaming sources like Kafka and Kinesis, powering faster decisions and AI workflows. Unified Data Ecosystem: Single unified data platform to ingest, transform, manage, optimize and govern Iceberg-based open lakehouses. Cost Optimization: Cut infrastructure costs with Upsolver's Adaptive Iceberg Optimizer, reducing storage and improving query performance by up to 5x through automated, table-specific optimizations. Open and Interoperable: Leverage an open Iceberg table format to operate flexibly with a range of tools and engines like Snowflake, Databricks, and Athena. "With Upsolver's real-time streaming capabilities and advanced Iceberg optimization, we're building on Qlik's proven enterprise solutions to drive even greater value for our customers," said James Fisher, Chief Strategy Officer at Qlik. "We're also excited to welcome Upsolver's team of experts to Qlik, further strengthening our commitment to providing open, scalable data solutions that reduce complexity and fuel innovation across data integration, analytics, and AI." "The integration of Qlik and Upsolver highlights the growing importance of open, real-time data architectures in today's enterprise landscape," said Stewart Bond, Vice President of Data Intelligence and Integration Software Research at IDC. "This move positions Qlik to deliver solutions that meet the dual demands for scalability and interoperability, helping organizations unlock the full potential of data-intensive workloads such as AI and machine learning while maintaining control over costs and governance." "Upsolver and Qlik share a deep commitment to simplifying data complexity and empowering enterprises to unlock the full potential of their data," said Ori Rafael, CEO of Upsolver. "What makes this partnership so powerful is how seamlessly our real-time ingestion and Iceberg optimization align with Qlik's end-to-end platform. Together, we are delivering a unified solution that equips organizations to scale with confidence, reduce costs, and enable AI-driven innovation with trusted and governed data."The acquisition of Upsolver strengthens Qlik's ability to address the growing demand for open, real-time data solutions tailored to modern enterprise needs. By integrating Upsolver's expertise in Iceberg optimization and streaming data with Qlik's platform, businesses gain the tools to simplify data management, enhance operational efficiency, and scale their AI-driven strategies. Discover how Qlik and Upsolver together can transform your approach to data at About Qlik Qlik converts complex data landscapes into actionable insights, driving strategic business outcomes. Serving over 40,000 global customers, our portfolio provides advanced, enterprise-grade AI/ML, data integration, and analytics. Our AI/ML tools, both practical and scalable, lead to better decisions, faster. We excel in data integration and governance, offering comprehensive solutions that work with diverse data sources. Intuitive analytics from Qlik uncover hidden patterns, empowering teams to address complex challenges and seize new opportunities. As strategic partners, our platform-agnostic technology and expertise make our customers more competitive. Media Contact: Qlik@ © 2025 QlikTech International AB. All rights reserved. All company and/or product names may be trade names, trademarks and/or registered trademarks of the respective owners with which they are associated.
