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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. billion to develop data centers in Spain.

Biotech 117
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Microsoft acquires Fungible, a maker of data processing units, to bolster Azure

TechCrunch

In December, reports suggested that Microsoft had acquired Fungible, a startup fabricating a type of data center hardware known as a data processing unit (DPU), for around $190 million. Nvidia acquired DPU maker BlueField in 2019, while AMD snatched up Pensando late last year.

Azure 282
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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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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.

Data 205
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The 10 Biggest Rounds Of January: Infinite Reality Tops Busy Month

Crunchbase News

Founded in 2019, the company previously tried to go public through the special-purpose acquisition company Newbury Street Acquisition, but the deal was canceled in December. tied) DDN , $300M, data storage: Data is the big-money game right now. billion to develop data centers in Spain.

Biotech 121
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Africa’s digital economy and digital transformation

CIO

For data center capacity to spread to more regions of Africa, there will need to be a major effort to create structure for overland routes. 2 The data regulations landscape on the continent remains fluid, but its also a top priority within established data economies in Africa.

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Render secures $20M Series A to scale its DevOps cloud platform

TechCrunch

DevOps cloud platform Render , which won our Disrupt SF 2019 Startup Battlefield , announced today that it closed a $20 million Series A funding round led by Addition alongside existing investors General Catalyst and South Park Commons. Once a customer chooses what service to deploy, Render helps them manage the process and infrastructure. .

DevOps 221