Being selected as a TiE50 winner for a second year in a row is a true testament to the value we bring to enterprises in helping them achieve continuous cloud governance in their digital transformation journeys
SANTA CLARA, Calif. (PRWEB) September 01, 2020
CoreStack, a multi-cloud governance platform provider, is excited to announce that it has been selected as a 2020 TiE50 Winner in the prestigious TiE50 Awards Program. This ten year old awards competition is a program of TiEcon, the world's largest conference for tech entrepreneurs. CoreStack was recognized for its innovation in delivering continuous and autonomous cloud governance to enterprises helping them realize predictable outcomes such as 40% decrease in cloud costs, 50% increase in operational efficiencies and 100% compliance with industry standards.
“We’re truly honored to be recognized by one of the world’s leading organizations for fostering entrepreneurship and innovation,” said Ezhilarasan Natarajan, CEO of CoreStack. “Being selected as a TiE50 winner for a second year in a row is a true testament to the value we bring to enterprises in helping them achieve continuous cloud governance in their digital transformation journeys,” he added.
“TiE50 again attracted high potential startups bringing innovation from different parts of the world. Besides the recognition associated with the TiE50 award, this year TiE50 also partnered with Meet the Draper’s, a ground-breaking reality show to give an opportunity to some companies to pitch to the show,” said Kamal Anand, TiE50 Program Chair.
“For over 28 years as a not-for-profit organization dedicated to fostering entrepreneurship and with a global footprint of half million entrepreneurs, enterprise executives, and investment professionals, at TiE Silicon Valley we take pride in the fact that we have created TiE50, a strong 10-year-old brand for recognizing high potential startups,” said B.J. Arun, President, TiE Silicon Valley.
The TiE50 Awards will be presented virtually to the winners during a ceremony on September 3rd. For more information, please go to https://www.tiecon.org/TiE50Awards2020/
CoreStack empowers enterprises to rapidly achieve Continuous and Autonomous Cloud Governance at Scale. With delivering predictable outcomes such as 40% decrease in cloud costs, 50% increase in operational efficiencies and 100% compliance with industry standards, CoreStack has helped global companies across multiple industries including Finance, Healthcare, Retail, Education, Technology and Government. CoreStack is backed by industry leading advisors including the ex-CIO of Microsoft. CoreStack was recently recognized as IDC Innovator in Cloud Management Solutions, in the Gartner Cloud Management Platforms Magic Quadrant and as Gartner Cool Vendor in Cloud Computing. CoreStack is an AWS Advanced Technology and Microsoft Gold Partner. CoreStack has raised over $11.5 million in venture financing from Dallas based Naya Ventures, Bay Area based Z5 Capital and Start Smart Labs. http://www.corestack.io/discover
Now celebrating its tenth year, TiE50 Awards provides a one-of-a-kind showcase for the world’s top technology and technology-enabled startups. TiE Silicon Valley's premier annual awards program is keenly contested by thousands of early- to mid-stage startups of all sizes representing a wide range of verticals. Applications are rigorously reviewed by a panel of judges including venture capitalists, angels, successful entrepreneurs, and corporate executives. Since its inception, 84 percent of TiE50 winners and top startups have been funded at a total of over $1 billion. Many of these companies went on to acquisition or IPO with 29 of the exits at over $100 million.
TiEcon is the world’s largest conference for entrepreneurs and intrapreneurs with participation from top technology companies, leading venture capital firms, and global service providers. Delegates range from CEOs of top companies to first-time entrepreneurs as well as corporate executives and investment professionals. TiEcon was listed as one of the 10 best conferences for ideas and entrepreneurship by Worth Magazine, along with TED and the World Economic Forum. Previous TiEcon events have attracted 5,000+ attendees from 22 countries. More information: TiEcon.org