Kleiner Perkins said to eye “cloud” fund

Gigaom

Kleiner Perkins Caufield & Byers may kick off a fund dedicated to cloud computing companies, according to a Bloomberg news report.

Depending on what numbers you believe, cloud is a big opportunity that nearly every VC, including Kleiner Perkins, is already attacking. Market Research Media expects the cloud computing category to grow at 30 percent CAGR and will hit $270 billion worldwide in 2020.

Bloomberg quoted Kleiner Perkins partner Matt Murphy saying the partners are “intrigued by the idea” of such a fund. Whether they actually follow through on the notion, the company has already backed a number of cloud startups. It most recently participated in a $20 million C Series round for AppDynamics , an application performance management company which Murphy said was well suited for cloud computing environments. The firm also staked big-time cloud-based game maker Zynga(s znga) and Groupon(s grpn.)

Given that most startups claim some sort…

View original post 175 more words

Gigaom

McKay Brothers, a firm that sells high capacity links to trading firms, is connecting the financial districts of New York City and Chicago with a new network that aims to execute the fastest trades in the country. This new network, however, won’t be built on private fiber lines. Instead, McKay is taking to the airwaves, building a chain of tower-mounted microwave radios between the Big Apple and the Windy City.

Why is microwave faster? Electromagnetic waves travel at different speeds depending on the materials they traverse, said Gary Croke, director of product marketing for Aviat Networks(s avnw), the vendor McKay selected to supply its Eclipse Packet Node radios. Optical fiber has a much higher refraction index than plain old air, thus slowing down light waves moving through it, Croke said in an e-mail interview. By sending microwaves over the air, McKay is able to cut down the round-journey of…

View original post 257 more words