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DDN Nabs $300M From Blackstone As AI Keeps Data Storage Hot

Crunchbase News

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. Big money Of course this is far from the only play the Blackstone Group has made in the data sector.

Storage 124
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Gartner projects major IT spending increases for 2025

CIO

growth this year, with data center spending increasing by nearly 35% in 2024 in anticipation of generative AI infrastructure needs. Data center spending will increase again by 15.5% in 2025, but software spending — four times larger than the data center segment — will grow by 14% next year, to $1.24

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Hungry for resources, AI redefines the data center calculus

CIO

The AI revolution is driving demand for massive computing power and creating a data center shortage, with data center operators planning to build more facilities. But it’s time for data centers and other organizations with large compute needs to consider hardware replacement as another option, some experts say.

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Cloud storage startup Wasabi raises $250M to reach unicorn status

TechCrunch

The cloud services sector is still dominated by Amazon and the other so-called “hyperscalers” — e.g. the Microsoft Azures, Google Cloud Platforms and IBM Clouds of the world. ” Friend and Flowers joined forces in 2015 to start Wasabi, when Friend was still the CEO of cloud backup company Carbonite. .

Storage 224
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Nutanix CEO sees multi-year opportunity after Broadcom’s VMware acquisition

CIO

Historically, data center virtualization pioneer VMware was seen as a technology leader, but recent business changes have stirred consternation since its acquisition by Broadcom in late 2023. Learn how Nutanix can accelerate your hybrid cloud journey and transform your business. Disclaimer: Nutanix, Inc.

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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.

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Data center design in the age of AI: Integrating AI with legacy Infrastructure

CIO

In the age of artificial intelligence (AI), how can enterprises evaluate whether their existing data center design can fully employ the modern requirements needed to run AI? Evaluating data center design and legacy infrastructure. The art of the data center retrofit. Digital Realty alone supports around 2.4