Kamesh Somanchi

Kamesh Somanchi

Kamesh Somanchi, Venture Partner & Chief Business Officer of Dallas Venture Capital (DVC), a dedicated Health and Life Sciences senior executive for over 2 decades at Global organizations like Accenture, Cognizant and Atos, Kamesh brings transformative ideas, insights and best practices to Insurance, Hospitals & Health Systems, Pharma, Biotech, Medical Device, Public Service entities in the areas of IT Strategy & Transformation. As a Senior Executive and a widely recognized leader in HLSP industry, Kamesh has excelled in building, managing and growing large P&L ($2B) as part of his illustrious career, as he partners with customers, providing C Level guidance in accelerating their growth agenda while helping them transform into high performing business.

How DVC Advantage is Helping Portfolio Companies?

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At the heart of Dallas Venture Capital (DVC) is DVC Advantage, a program which we launched at the beginning of 2021 to help accelerate portfolio companies’ growth. DVC Advantage aims to help startups in multiple areas such as product and technology strategy, executive mentorship, corporate governance, business development and talent acquisition. DVC has, however, been helping our portfolio companies with the many aspects of DVC Advantage for 5+ years. We have been continuously enhancing DVC Advantage giving it shape, structure, substance, sustenance and significance with the expanding network of DVC advisors. 

As part of the DVC Advantage program, we have been promoting CoreStack, one of our portfolio companies, with a vision to delivering transformational value to customers as they embark on their cloud journey.   As a cloud enthusiast myself, I know firsthand that to adapt and survive in this data driven world, enterprises need to combine deep technology and vertical business expertise. Success relies on a simple equation of scale, outcomes, and ongoing affordability.

While cloud technology is at the top of the mind of many organizations for a range of different reasons, many workloads remain in on-premise data centers due to lack of frameworks and tools, security issues, complexity, legacy footprint, high costs, waste, specialized skills and data sovereignty.

Many workloads remaining in on-premises data centers means complex architectures, depriving organizations the cloud promise of cost saving and operational benefits. This impacts an organization’s ability to be innovative, customer centric, making it difficult to move to new business and revenue models as an efficient and resilient business.    

In our analysis, we clearly see organizations facing the following serious limitations:

  1. Lack of real time data and insights for cross functional leadership to provide effective leadership.
  2. Lack of systematic governance framework for delivering and measuring the value to the business now and in the future—covering spend, security and operations.
  3. Lack of insights to weigh real cost savings against a range of issues such as complexity, legacy needs, data location and compliance requirements along with application dependencies, server mappings, data and tech stack commonality.
  4. Lack of thoughtful sequencing and prioritization of low-hanging fruit from move group planning input to create roadmap and execution planning to unlock value via cloud native optimization.

This is exactly where CoreStack comes into play as your Next Gen Cloud governance platform: A single stack to power your FinOps, SecOps and CloudOps

When you move from stovepipe and deep reporting mentality to more of a dynamic report, recommend and remediate mode, you also move to AI/ML driven budgeting, forecasting anomaly detection with flexible and incremental deployment options. Thoughtful sequencing and prioritization of low-hanging fruit can then help fund more complex migrations. 

What is more:

Modernization is more than a technology transformation. Organizations need to change the operating model and look at how to bring security, finance and HR functions into the fold with DevSecOps, CloudOps and FinOps.

In all, it is vital to remember one central point: before moving to the cloud and embarking on cloud modernization, you can avoid expensive migrations and course corrections and adopt new ways of operating that push your cloud estate to ever-higher levels of business performance and sustainability.

So, in CoreStack terms “Unleash the Power of Cloud on your Own Terms”. 

Managing computing, storage, and network by purchasing and running physical hardware won’t work anymore. In risky variable contract arrangements, it does not matter whether you have a hybrid cloud or multi cloud environment, you have to continuously manage consumption, capacity, performance, and crucially – cost. It requires a vastly different and complex skillset as well as new operational functions. Getting this right from the get-go is extremely critical to create a foundation for rapid innovation and invent new business and revenue models.

The DVC Advantage program helped CoreStack with their pursuits and helped establish strategic partnerships with large global systems integrators giving them immense scale to accelerate their growth. With great leadership, growing clientele and opportunity to positively influence better outcomes for enterprises in areas of consumption, costs, cloud observability and compliance, CoreStack is uniquely positioned to help enterprises of all sizes in their cloud journey with purpose, protection & precision-driven transformation to cloud.  DVC Advantage continues to play a significant role in further accelerating CoreStack’s growth.

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