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

Crunchbase News

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. In general, datacenters and data storage and management have been hot among investors as businesses of all sizes try to use their data to scale up AI initiatives.

Storage 122
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Neighbor raises $53M for self-storage marketplace after 5x YoY revenue growth

TechCrunch

Neighbor , which operates a self-storage marketplace, announced Wednesday that it has raised $53 million in a Series B round of funding. At a time when the commercial real estate world is struggling, self-storage is an asset class that continues to perform extremely well. And they no doubt need storage as a result of that.”.

Storage 273
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Lumen: Building the trusted network for AI

CIO

Jeff Sieracki, senior director of product management at Louisiana-based Lumen, is quick to point out that the networking requirements of the modern enterprise are changing rapidly. There are always corresponding networking, infrastructure, and management needs to consider. Such flexibility, Sieracki notes, is imperative.

Network 88
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Storage: The unsung hero of AI deployments

CIO

As enterprises begin to deploy and use AI, many realize they’ll need access to massive computing power and fast networking capabilities, but storage needs may be overlooked. In that case, Duos needs super-fast storage that works alongside its AI computing units. “If Last year, Duos scanned 8.5

Storage 195
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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. However, as usual, a company with AI ties is on top.

Biotech 117
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Trade routes of the digital age: How data gravity shapes cloud strategy

CIO

One of the most striking examples is the Silk Road , a vast network of trade routes that connected the East and West for centuries. Strategies for overcoming data gravity challenges The Silk Road thrived not because of centralization, but due to a networked approach that enabled the efficient movement of goods and information.

Strategy 164
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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