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Vast Data lands $118M to grow its data storage platform for AI workloads

TechCrunch

Vast Data, to make an obvious pun, is raising vast sums of cash. The New York-based startup, which provides a scale-out, unstructured data storage solution designed to eliminate tiered storage (i.e.

Storage 265
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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. ” The Fungible team will join Microsoft’s data center infrastructure engineering teams, Bablani said. .

Azure 282
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EnCharge AI emerges from stealth with $21.7M to develop AI accelerator hardware

TechCrunch

EnCharge AI , a company building hardware to accelerate AI processing at the edge , today emerged from stealth with $21.7 Speaking to TechCrunch via email, co-founder and CEO Naveen Verma said that the proceeds will be put toward hardware and software development as well as supporting new customer engagements.

Hardware 216
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Cloud storage startup Wasabi raises $250M to reach unicorn status

TechCrunch

Two at the forefront are David Friend and Jeff Flowers, who co-founded Wasabi, a cloud startup offering services competitive with Amazon’s Simple Storage Service (S3). Wasabi, which doesn’t charge fees for egress or API requests, claims its storage fees work out to one-fifth of the cost of Amazon S3’s.

Storage 224
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Wasabi scores $112M Series C on $700M valuation to take on cloud storage hyperscalers

TechCrunch

Taking on Amazon S3 in the cloud storage game would seem to be a fool-hearty proposition, but Wasabi has found a way to build storage cheaply and pass the savings onto customers. Wasabi storage starts at $5.99 Wasabi just landed $68 million to upend cloud storage. “The business has just been exploding.

Storage 218
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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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Pliops lands $100M for chips that accelerate analytics in data centers

TechCrunch

Analyzing data generated within the enterprise — for example, sales and purchasing data — can lead to insights that improve operations. But some organizations are struggling to process, store and use their vast amounts of data efficiently. ” Pliops isn’t the first to market with a processor for data analytics.