Tel Aviv-based Zesty, which helps cut cloud costs by automatically scaling resources to demand, raised a $75M Series B led by B Capital and Sapphire Ventures (Kyle Wiggers/TechCrunch)

Maria Deutscher / SiliconANGLE:
Gartner forecasts public cloud spending will grow 20.7% to $591.8B in 2023, including SaaS spending up 16.8% to $195.2B and PaaS spending up 23.2% to $136.4B  —  Worldwide spending on public cloud services will grow 20.7% in 2023, to $591.8 billion, according to a new Gartner Inc. forecast released today.

Kyle Wiggers / TechCrunch:
Tel Aviv-based Valence Security, which helps secure SaaS supply chains, raised a $25M Series A led by Microsoft’s M12, with Akamai and others participating  —  Valence Security, a company securing business app infrastructure, today announced that it raised $25 million in a Series A round led by M12 …

Mike Wheatley / SiliconANGLE:
Tel Aviv-based 4M Analytics, which aims to be the Google Maps of the US’ underground utility infrastructure, raised $30M, bringing its Series A total to $45M  —  Subsurface infrastructure mapping startup 4M Analytics Ltd. said today it has closed on an additional $30 million in funding …

Kyle Wiggers / TechCrunch:
Tel Aviv-based Groundcover, a performance monitoring service for cloud apps, raised a $20M Series A led by Zeev Ventures, bringing its total funding to $24.5M  —  Groundcover, a performance monitoring platform for cloud apps, today announced that it raised $20 million in a Series A round led …

Ian King / Bloomberg:
Seagate misses Q1 estimates with $2.04B revenue and plans to cut around 3,000 jobs to reduce costs amid slowing demand; stock drops 9%+ and is down ~50% YTD  —  Seagate Technology Holdings Plc, the biggest maker of computer hard drives, said it’s cutting about 3,000 jobs in a restructuring plan aimed …

Mike Wheatley / SiliconANGLE:
Micron reports Q4 revenue down 25% YoY to $6.64B, from $8.27B, plans to cut total capital spending by 30% YoY and wafer-fab equipment spending by nearly 50% YoY  —  Reporting its fiscal fourth-quarter earnings today,Micron Technology Inc. warned investors that it’s planning to take drastic measures …