In earnings reported this week, Alphabet announced that Google Cloud generated a robust $2.61 billion for the quarter, a number that includes revenue from both Google Cloud Platform and G Suite.

That puts the division on a nice little run rate of $10.44 billion. It feels like a lot until you consider that Microsoft had a combined software and infrastructure cloud revenue run rate of $12.5 billion in its most recent report, while AWS reported almost $10 billion for the quarter. Although Google is not even close to these rivals, it’s picking up some much-needed steam.

As Holger Mueller, an analyst at Constellation Research, points out, crossing the $10 billion run rate mark is a rite of passage. “Ten billion dollars is the new mark for IaaS players, effectively the unicorn rating for them. And revenue/size matter, as the cloud business is an economies of scale business,” Mueller told TechCrunch.

More enterprise, please

When Thomas Kurian came on board last year after more than two decades at Oracle to replace Diane Greene as head of Google Cloud, prevailing wisdom suggested that he was hired to help shift the division’s focus firmly to the enterprise. The move appears to be working.

Netskope has always focused its particular flavor of security on the cloud, and as more workloads have moved there, it has certainly worked in its favor. Today the company announced a $340 million investment on a valuation of nearly $3 billion.

Sequoia Capital Global Equities led the round, but in a round this large, there were a bunch of other participating firms, including new investors Canada Pension Plan Investment Board and PSP Investments, along with existing investors Lightspeed Venture Partners, Accel, Base Partners, ICONIQ Capital, Sapphire Ventures, Geodesic Capital and Social Capital. Today’s investment brings the total raised to more than $740 million, according to Crunchbase data.

As with so many large rounds recently, CEO Sanjay Beri said the company wasn’t necessarily looking for more capital, but when brand name investors came knocking, they decided to act. “We did not necessarily need this level of capital but having a large balance sheet and a legendary set of investors like Sequoia, Lightspeed and Accel putting all their chips behind Netskope for the long term to dominate the largest market in security is a very strong signal to the industry,” Beri said.

From the start, Netskope has taken aim at cloud and mobile security, eschewing the traditional perimeter security that was still popular when the company launched in 2012. “Legacy products based on traditional notions of perimeter security have gone obsolete and inhibit the needs of digital businesses. Today’s urgent requirement is security that is fast, delivered from the cloud, and provides real-time protection against network and data threats when cloud services, websites, and private apps are being accessed from anywhere, anytime, on any device,” he explained.

When Netskope announced its $168.7 million round at the end of 2018, the company had a valuation over $1 billion at that time. Today, it announced it has almost tripled that number, with a valuation close to $3 billion. That’s a big leap in just two years, but it reports 80% year-over-year growth, and claims to be “the fastest-growing company at scale in the fastest-growing areas of cybersecurity: secure access server edge (SASE) and cloud security,” according to Beri.

The next natural step for a company at this stage of maturity would be to look to become a public company, but Beri wasn’t ready to commit to that just yet. “An IPO is definitely a possible milestone in the journey, but it’s certainly not limited to that and we’re not in a rush and have no capital needs, so we’re not commenting on timing.”

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1. Jeff Weiner will step down as CEO of LinkedIn June 1, product head Ryan Roslansky steps up

The changes are LinkedIn’s first big executive shakeup since the company was acquired by Microsoft in 2016. It’s notable that both of the new appointments (Roslansky and new product head Tomer Cohen) involve long-time LinkedIn executives — they’re not looking to rock the boat too much.

Weiner, meanwhile, says that LinkedIn was his “dream job” and that he’s moving on to the next “dream job” as executive chairman. But we expect to start seeing his name floated for other CEO roles very shortly.

2. Ancestry lays off 6% of staff as consumer genetic testing market continues to decline

The move from Ancestry follows job cuts at 23andMe in late January, which saw 100 staffers lose their jobs (or roughly 14% of its workforce). The genetic testing company Illumina has been warning of softness in the direct-to-consumer genetic testing market as well.

3. Twitter reports $1.01B in Q4 revenues with 152M monetizable daily active users

Twitter posted $1.01 billion in sales — the first time its revenues have broken past the billion-dollar mark — due to a strong quarter in advertising sales. However, net income and earnings per share both saw significant drops from the same period a year ago.

4. Google Maps adds more crowdsourced transit data and gets a new navigation bar

Google is updating Google Maps on Android and iOS with a revamped tab bar at the bottom, a new icon and a couple of new features. In particular, the company is putting more emphasis on user-generated content and recommendations.

5. Where top VCs are investing in open source and dev tools (Part 1 of 2)

We asked 18 of the top open-source-focused VCs to share what’s exciting them most and where they see opportunities. For purposes of length and clarity, responses have been edited and split (in no particular order) into part one and part two of this survey. (Extra Crunch membership required.)

6. Reddit partners with Tagboard to bring its content to TV broadcasts

Through this partnership, broadcast networks will be able to easily display Reddit’s content on TV. That includes Reddit’s unique content like AMA (Ask Me Anything) recaps and Photoshop battles, as well as popular posts and comments.

7. NASA astronaut Christina Koch returns to Earth after record-setting stay in space

Koch spent 328 consecutive days at the International Space Station. She’s second only to Scott Kelley, who spent 340 days in space, and she’s officially the woman with the longest stay in space worldwide, passing fellow U.S. astronaut Peggy Whitson’s record of 289 days.

Fearing weak fundraising options in the wake of the WeWork implosion, late-stage startups are tightening their belts. The latest is another Softbank-funded company, joining Zume Pizza (80 percent of staff laid off), Wag (80 percent),  Fair (40%), Getaround (25 percent), Rappi (6 percent), and Oyo (5 percent) that have all cut staff to slow their burn rate and reduce their funding needs. Now freight forwarding startup Flexport is laying off 3 percent of its global staff.

“We’re restructuring some parts of our organization to move faster and with greater clarity and purpose. With that came the difficult decision to part ways with around 50 employees” a Flexport spokesperson tells TechCrunch after we asked today if it had seen layoffs like its peers.

Flexport had raised a $1 billion Series D led by SoftBank at a $3.2 billion valuation a year ago, bringing it to $1.3 billion in funding. The company helps move shipping containers full of goods between manufacturers and retailers using digital tools unlike its old-school competitors.

“We underinvested in areas that help us serve clients efficiently, and we over-invested in scaling our existing process when we actually needed to be agile and adaptable to best serve our clients, especially in a year of unprecedented volatility in global trade,” the spokesperson explained.

Flexport still had a record year, working with 10,000 clients to finance and transport goods. The shipping industry is so huge that it’s still only the seventh largest freight forwarder on its top Trans-Pacific Eastbound leg. The massive headroom for growth plus its use of software to coordinate supply chains and optimize routing is what attracted SoftBank.

But many late-stage startups are worried about where they’ll get their next round after taking huge sums of cash from SoftBank at tall valuations. As of November, SoftBank had only managed to raise about $2 billion for its Vision Fund 2 despite plans for a total of $108 billion, Bloomberg reported. LPs were partially spooked by SoftBank’s reckless investment in WeWork. Further layoffs at its portfolio companies could further stoke concerns about entrusting it with more cash.

Unless growth-stage startups can cobble together enough institutional investors to build big rounds, or other huge capital sources like sovereign wealth funds materialize for them, these startups might not be able to raise enough to keep rapidly burning. Those that can’t reach profitability or find an exit may face down-rounds that can come with onerous terms, trigger talent exodus death spirals, or just not provide enough money.

Flexport has managed to escape with just 3 percent layoffs for now. Being proactive about cuts to reach sustainability may be smarter than gambling that one’s business or the funding climate with suddenly improve. But while other SoftBank startups had to spend tons to edge out direct competitors or make up for weak on-demand service margins, Flexport at least has a tried and true business where incumbents have been asleep at the wheel.

The growing ubiquity of open-source software has been a big theme in the evolution of enterprise IT. But behind that facade of popularity lies another kind of truth: Companies may be interested in using more open-source technology, but because there is a learning curve with taking on an open-source project, not all of them have the time, money and expertise to adopt it. Today, a startup out of Finland that has built a platform specifically to target that group of users is announcing a big round of funding, underscoring not just demand for its products, but its growth to date.

Aiven — which provides managed, cloud-based services designed to make it easier for businesses to build services on top of open-source projects — is today announcing that it has raised $40 million in funding, a Series B being led by IVP (itself a major player in enterprise software, backing an illustrious list that includes Slack, Dropbox, Datadog, GitHub and HashiCorp).

Previous investors Earlybird VC, Lifeline Ventures and the family offices of Risto Siilasmaa (chairman of Nokia), and Olivier Pomel (founder of Datadog), also participated. The deal brings the total raised by Aiven to $50 million.

Oskari Saarenmaa, the CEO of Aiven who co-founded the company with Hannu Valtonen, Heikki Nousiainen and Mika Eloranta, said in an interview that the company is not disclosing its valuation at this time, but it comes in the wake of some big growth for the company.

It now has 500 companies as customers, including Atlassian, Comcast, OVO Energy and Toyota, and over the previous two years it doubled headcount and tripled its revenues.

“We are on track to do better than that this year,” Saarenmaa added.

It’s a surprising list, given the size of some of those companies. Indeed, Saarenmaa even said that originally he and the co-founders — who got the idea for the startup by first building such implementations for previous employers, which included Nokia and F-Secure — envisioned much smaller organisations using Aiven.

But in truth, the actual uptake speaks not just to the learning curve of open-source projects, but to the fact that even if you do have the talent to work with these, it makes more sense to apply that talent elsewhere and use implementations that have been tried and tested.

The company today provides services on top of eight different open-source projects — Apache Kafka, PostgreSQL, MySQL, Elasticsearch, Cassandra, Redis, InfluxDB and Grafana — which cover a variety of basic functions, from data streams to search and the handling of a variety of functions that involve ordering and managing vast quantities of data. It works across big public clouds, including Google, Azure, AWS, Digital Ocean and more.

The company is running two other open-source technologies in beta — M3 and Flink — which will also soon be added on general release, and the plan will be to add a few more over time, but only a few.

“We may want to have something to help with analytics and data visualisation,” Saarenmaa said, “but we’re not looking to become a collection of different open-source databases. We want to provide the most interesting and best to our customers. The idea is that we are future-proofing. If there is an interesting technology that comes up and starts to be adopted, our users can trust it will be available on Aiven.”

He says that today the company does not — and has no plans to — position itself as a system integrator or consultancy around open-source technologies. The work that it does do with customers, he said, is free and tends to be part of its pre- and after-sales care.

One primary use of the funding will be to expand its on-the-ground offices in different geographies — Aiven has offices in Helsinki, Berlin and Sydney today — with a specific focus on the U.S., in order to be closer to customers to continue to do precisely that.

But sometimes the mountain comes to Mohamed, so to speak. Saarenmaa said that he was first introduced to IVP at Slush, an annual tech conference in Helsinki held in November, and the deal came about quickly after that introduction.

“The increasing adoption of open-source infrastructure software and public cloud usage are among the incredibly powerful trends in enterprise technology and Aiven is making it possible for customers of all sizes to benefit from the advantages of open source infrastructure,” Eric Liaw, a general partner at IVP, said in a statement.

“In addition to their market potential and explosive yet capital-efficient growth, we were most impressed to hear from customer after customer that ‘Aiven just works.’ The overwhelmingly positive feedback from customers is a testament to their hiring practices and the strong engineering team they have built. We’re thrilled to partner with Aiven’s team and help them build their vision of a single open-source data cloud that serves the needs of customers of all sizes.”

Liaw is joining the board with this round.