Samsung SDS announced on March 6 that it has made an equity investment in serverless computing company Iguazio through Samsung Venture Investment Fund.
Serverless computing is a service in which cloud service providers build and operate infrastructure, and users pay only for the amount of resources they actually use for applications. Israeli company Iguazio is leading the serverless computing market.
Serverless computing services save users money for obtaining cloud infrastructure. Because of these advantages, startups and companies that want to boost their cloud infrastructure cost efficiencies prefer serverless computing services. Samsung SDS will provide services by loading its service platform (PaaS) with Iguazio’s serverless platform.
Samsung SDS also invested in cyber security company Darktrace in the United Kingdom and BitFusion with graphics processing unit (GPU) virtualization technology in the United States via venture funds in order to secure differentiated core technologies in a timely manner.
"This investment will enable us to add serverless computing services to our services such as virtual machines (VMs) and container clouds," said Yoon Shim, the head (vice president) of the Cloud Business Division at Samsung SDS.