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Alex Woodie@BigDATAwire
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Hammerspace, an AI data platform company, has secured $100 million in growth capital through a Series B investment round. This funding will be used to accelerate the company's global expansion and capitalize on the surging demand for AI-driven data solutions. Several venture investors participated in the round, highlighting the increasing recognition of Hammerspace's potential in the rapidly evolving AI landscape.
The investment was led by Altimeter Capital, a prominent Silicon Valley venture capital firm known for its early investments in big data companies like Snowflake and MongoDB, with participation from Cathie Wood's ARK Invest, alongside a mix of new and existing investors. Hammerspace's technology addresses the challenges of dispersed data by virtually combining data silos into a single global namespace, allowing high-performance access to data across different locations and protocols. This capability is critical for organizations looking to leverage AI and big data effectively.
According to Hammerspace Founder and CEO, David Flynn, the new funding will enable the company to eliminate friction, compress time-to-results, and significantly increase GPU utilization, ultimately helping customers win in the AI race. Jamin Ball, Partner at Altimeter Capital, echoed this sentiment, stating that Hammerspace's architecture removes the bottlenecks that are hindering today's most advanced compute environments. The demand for high-speed, scalable access to data is surging, and investors are confident in Hammerspace's ability to meet this demand and support its expansion in a fast-growing market.
ImgSrc: www.bigdatawire
References :
The investment was led by Altimeter Capital, a prominent Silicon Valley venture capital firm known for its early investments in big data companies like Snowflake and MongoDB, with participation from Cathie Wood's ARK Invest, alongside a mix of new and existing investors. Hammerspace's technology addresses the challenges of dispersed data by virtually combining data silos into a single global namespace, allowing high-performance access to data across different locations and protocols. This capability is critical for organizations looking to leverage AI and big data effectively.
According to Hammerspace Founder and CEO, David Flynn, the new funding will enable the company to eliminate friction, compress time-to-results, and significantly increase GPU utilization, ultimately helping customers win in the AI race. Jamin Ball, Partner at Altimeter Capital, echoed this sentiment, stating that Hammerspace's architecture removes the bottlenecks that are hindering today's most advanced compute environments. The demand for high-speed, scalable access to data is surging, and investors are confident in Hammerspace's ability to meet this demand and support its expansion in a fast-growing market.
ImgSrc: www.bigdatawire
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References :
- Blocks and Files: Data orchestrator Hammerspace has ingested $100 million in funding to accelerate its global expansion.
- insideAI News: AI data platform company Hammerspace announced that several venture investors have invested $100 million in growth capital in the company.
- insidehpc.com: AI data platform company Hammerspace announced that several venture investors have invested $100 million in growth capital in the company.
- BigDATAwire: The capability to virtually combine far-flung data silos into a single global namespace and access it at HPC-class speed has enabled Hammerspace customers to solve tough data problems.
- insidehpc.com: Hammerspace Raises $100M
- NextBigFuture.com: AI data platform company Hammerspace announced that several venture investors have invested $100 million in growth capital in the company.
- www.bigdatawire.com: The capability to virtually combine far-flung data silos into a single global namespace and access it at HPC-class speed has enabled Hammerspace customers to solve tough data problems. It also The post appeared first on .
- futurumgroup.com: Altimeter and ARK Lead $100M Round in Hammerspace to Strengthen AI Infrastructure Performance
- futurumgroup.com: Details that Altimeter and ARK Lead $100M Round in Hammerspace to Strengthen AI Infrastructure Performance.
Classification:
- HashTags: #AI #DataPlatform #Hammerspace
- Company: Hammerspace
- Target: AI, Big Data Users
- Product: Hammerspace
- Feature: Global Data Namespace
- Type: AI
- Severity: Informative