VNG invests in CloudVerse – the Global Multicloud Management Platform

Date:

Trending

- Advertisement -

HO CHI MINH CITY, Vietnam, Jan. 12, 2023 /PRNewswire/ — VNG-backed CloudVerse introduces intelligent SaaS platform for businesses using cloud services, with the aim of simplifying, securing and optimizing the multicloud services; to help save significant costs.


- Advertisement -

On the journey of digital transformation and market expansion, many businesses are using more than one public cloud service provider to meet their business needs  – thus adopting multicloud strategies. However, the adoption of multicloud computing causes challenges in governance, cost, security, and data management.

- Advertisement -

CloudVerse, the Multicloud Management Platform, will provide a centralized view of multicloud resources, while making cost optimization and security compliance recommendations. Being the first multicloud management platform developed in Vietnam, CloudVerse’s machine learning algorithms confidently meets these urgent needs.

CloudVerse has integrated with seven public cloud service providers: Amazon Web Services (AWS), Google Cloud Platform (GCP), Microsoft Azure, Alibaba Cloud, Tencent Cloud, Huawei Cloud and Digital Ocean. In 2023, the platform expects to integrate with many more cloud service providers including VNG Cloud.

- Advertisement -

A comprehensive centralized view of cloud resources and their utilization, cost, security compliance makes mutlciloud management extremely simple, secure and cos-efficient. CloudVerse currently supports IaaS (Infrastructure as a Service) and PaaS (Platform as a Service) services across above-mentioned seven clouds. The platform has plans to integrate SaaS (Software as a Service) services also soon.

CloudVerse provides recommendations to optimize cloud resources by identifying idle and underutilized cloud resources; including providing cloud cost analytics. The platform also sends notifications on spending, budget control, and other recommendations regarding cost optimization & security compliance, thus boosting cloud utilisation & productivity. Not only has its world-class functionality proven, but CloudVerse also closely complies with security standards such as ISO 27001, CIS, NIST and others to ensure the highest level of security for applications, data and infrastructure.

Chand Deshwal, Founder and CEO of CloudVerse shared: “Businesses in the digital economy are investing significantly in cloud services from multiple providers. CloudVerse, developed by a team of global engineers from Vietnam, India, and Singapore, will be the go-to management platform that helps businesses save costs, improve security and maximise productivity while improving the user experience. We aim to become the ‘metacloud’ or ‘supercloud’ (cloud of clouds) to connect the businesses with cloud service providers on a smart, efficient management platform”.

According to Gartner, the leading US firm in digital consulting and market research, the market prospect for cloud services is expected to exceed 1 trillion USD. Besides developing cloud computing technology to stay ahead of the trend, VNG’s investment in Cloudverse will be the foundation for developing networks with major cloud service providers globally and creating a centralised platform for businesses to manage their resources and optimise costs.

Besides the Vietnamese market, CloudVerse also targets Singapore, Indonesia, Thailand and India. “Our vision in the next three to five years is to become a global cloud technology company,” added Chand.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/vng-invests-in-cloudverse—the-global-multicloud-management-platform-301719192.html

THE SNAPSHOTS

Sign up to get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

- Advertisement -

More Latest Stories

More Articles

Closing India’s Employability Gap with Tech-First Hiring Models

India’s employability challenge is often framed as a skill gap problem. But that’s only half the story. The real gap lies in reach and engagement. As...

Vanguard Group Reports Nvidia Stock Below 5 Percent

The Vanguard Group has reported that it now holds less than a 5% stake in NVIDIA Crop (NASDAQ:NVDA), following an internal realignment of its business structure. The disclosure was made in a regulatory filing dated March 13, 2026, which showed that Vanguard no longer reports...

Vanguard Reports Stake Below 5% in Google’s Alphabet

The Vanguard Group has reported that it now holds less than a 5 percent...

Vanguard Group Reports Ownership Below 5% in Apple Following Internal Realignment

The Vanguard Group has reported that it now holds less than a 5% stake...

NIELIT, SKD University Sign MoU to Expand AI, Cyber Security and Data Science Education in Rajasthan

The National Institute of Electronics and Information Technology (NIELIT) and Shri Khushal Das University...

VES College of Architecture’s Dr. Prof. Anand Achari on Preparing Students for Real Urban Challenges with AI and Design Thinking

Speaking with TechGraph, Principal of VES College of Architecture (VESCOA), Dr. Prof. Anand Achari,...

How NBBL’s New Technology Stack Is Transforming the Future of Payments

India’s digital payments ecosystem has reached a scale that very few countries in the...

NVIDIA CEO Jensen Huang Reports 437,908 Shares Disposal at $181.93 Each

Jensen Huang, President and CEO of Nvidia Corporation (NASDAQ:NVDA), has reported a series of...

Concord Control Systems Secures INR 84 Cr Order From Indian Railways For Loco Wireless Control Systems

Concord Control Systems Limited (BSE: CNCRD), a manufacturer of embedded electronic systems and a critical electronic solutions company, has secured an order worth ₹84.68...

The Future of Shopping: How Apps Are Merging Beauty with Basics

Shopping in India is evolving very fast. Instead of opening different apps for different...

How Anganwadi’s Can Transform India’s Education Foundation

If you step into an Anganwadi on any given morning, what you’ll see is...

Business Structure for Modern Entrepreneurs: What No One Explains Clearly

Modern entrepreneurs often obsess over product-market fit while neglecting the structural bones of their...

Deeptech Startup Newtrace Secures $6.3 Mn in Pre-Series A Round

Bengaluru-based deeptech startup Newtrace has raised $6.3 million (INR 56.93 crore) in a pre-Series...

Mozark Snaps $40 Mn In Series B Round Led by IFC and RMB Capitalworks

Mozark, a Singapore-based company specializing in digital experience testing and measurement, has raised $40 million in a Series B round led by International Finance...

Role of Agentic AI in transforming the real estate landscape

The real estate industry involves a high-stakes ecosystem driven by shifting supply-demand dynamics, regulatory changes, and several other economic factors. Every stage from evaluating land to designing projects, projecting cash flows, managing construction, marketing properties, and supporting post-sales operations involves interdependent decisions that can...

How to Extend Vehicle Lifespan With Proper Maintenance

Extending the lifespan of your vehicle is not only cost-effective but also beneficial for...

Geospatial Intelligence Is Powering India’s Next Wave of Smart Infrastructure

Every day, nearly 500 families in India receive news that will change their lives...

Is India Ready for a Smart Treasury? A Look at Adoption Barriers and Opportunities

Across India, businesses hold thousands of crores in current accounts that earn no interest....

Fraud or Finance? How to Identify Trustworthy Digital Lending Platforms

Digital lending has changed how credit flows in India. According to the IBEF, fintech-led...

What Modern Enterprises Can Expect from CPaaS Platforms in 2026

Over the past two decades, enterprise communication technology has advanced rapidly. Yet the gap...

Choosing glass for perfume bottles? Watch for breakage and leaks

You want your perfume bottle to look great and arrive safely. That’s easiest when...

B2B Logistics platform Mojro Draws $3Mn for IAN Alpha Fund & Others

Bengaluru-based B2B logistics platform Mojro has raised $3 million in a Series A funding...

Peak XV Partners Closes $1.3 Bn in Fresh Capital to Back Startups Across India and APAC

Peak XV Partners (formerly Sequoia Capital India & SEA) has closed $1.3 billion in...

LTM partners with the Indian Institute of Creative Technologies to strengthen creative technology skilling

LTM, a Larsen & Toubro Group company, and the Indian Institute of Creative Technologies...

Business Structure for Modern Entrepreneurs: What No One Explains Clearly

Modern entrepreneurs often obsess over product-market fit while neglecting the structural bones of their...

Understanding Common Car Problems and How to Prevent Them

Keeping your vehicle in top condition requires more than just regular washing or occasional...

From Browsing to Buying: How Multi-Modal AI Is Turning Discovery Into Decision-Making

The digital journey, starting from discovery to decision, has been notably discontinuous through time....

From vineyard to bottle: How blockchain improves trust and sensing in the wine value chain

The wine sector faces increasing consumer demand for transparency, authenticity, and reliable information about...

Why India’s Next Cloud Boom Is Coming from Tier-2 Cities

Historically, the story of India's cloud adoption has been focused on the metro cities...

Deeptech Startup Newtrace Secures $6.3 Mn in Pre-Series A Round

Bengaluru-based deeptech startup Newtrace has raised $6.3 million (INR 56.93 crore) in a pre-Series...

Peak XV Partners Closes $1.3 Bn in Fresh Capital to Back Startups Across India and APAC

Peak XV Partners (formerly Sequoia Capital India & SEA) has closed $1.3 billion in...

Inflection Point Ventures leads INR 4 Cr seed round in Fintech Startup Roopya

West Bengal based no-code ‘lending-as-a-service’ platform Roopya has raised INR 4 Crore in a...

LTM partners with the Indian Institute of Creative Technologies to strengthen creative technology skilling

LTM, a Larsen & Toubro Group company, and the Indian Institute of Creative Technologies...