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The Week’s Biggest Funding Rounds: Data Storage And Lots Of Biotech

Crunchbase News

DDN , $300M, data storage: Data is the big-money game right now. Private equity giant Blackstone Group is making a $300 million strategic investment into DDN , valuing the Chatsworth, California-based data storage company at $5 billion. Founded in 2016, Inari has raised $720 million, per the company. billion.

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DNA-based data storage platform Catalog raises $35M

TechCrunch

Conventional electronic media like flash drives and hard drives require energy consumption to process a vast amount of high-density data and information overload and are vulnerable to security issues due to the limited space for storage. There is also an expensive cost issue when it comes to transmitting the stored data.

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Internxt gets $1M to be ‘the Coinbase of decentralized storage’

TechCrunch

Valencia-based startup Internxt has been quietly working on an ambitious plan to make decentralized cloud storage massively accessible to anyone with an Internet connection. We’ve kind of democratized storage.” “We leverage and use the space provided by professionals and individuals.

Storage 194
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Microsoft acquires Fungible, a maker of data processing units, to bolster Azure

TechCrunch

Fungible was launched in 2016 by Bertrand Serlet, a former Apple software engineer who sold a cloud storage startup, Upthere, to Western Digital in 2017, alongside Krishna Yarlagadda and Jupiter Networks co-founder Pradeep Sindhu.

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History of MongoDB

The Crazy Programmer

MongoDB and is the open-source server product, which is used for document-oriented storage. that featured WiredTiger storage engine, better replica member limit of over 50, pluggable engine API, as well as security improvements. MongoDB is a document-oriented server that was developed in the C++ programming language. MongoDB Inc.

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Lightbits Labs lands $42M to speed up server data transfers

TechCrunch

Data centers with servers attached to solid-state drives (SSDs) can suffer from an imbalance of storage and compute. Either there’s not enough processing power to go around, or physical storage limits get in the way of data transfers, Lightbits Labs CEO Eran Kirzner explains to TechCrunch. ” Image Credits: Lightbits Labs. .”

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As demand for real estate VR booms, Founders Fund leads $16M round into Giraffe360 platform

TechCrunch

The subscription gains the owner access to the camera, AI-based image processing software and cloud storage, and other services. It was founded in 2016 in Riga, Latvia by two brothers, Mikus Opelts and Madars Opelts, and is headquartered in London, U.K. This is 30% lighter, charges faster and comes with 500 GB of on-board storage.