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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 124
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Freedom to securely create and collaborate from anywhere

CIO

There are a number of benefits to this approach, which include: Flexibility – Deploy on virtually any mix of host environments, end user devices, and network infrastructure without a VPN connection. Security – Keep data safe inside the network as only display information in the form of encrypted pixels gets transferred to and from end-user.

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Swarm’s low-cost satellite data network is now available to commercial clients

TechCrunch

One of the original startups that set out to create a low-Earth orbit satellite constellation to provide a data network here on Earth is now open for business: Swarm , which now operates 81 of its sandwich-sized satellites on orbit, announced today that its network service is live and available to commercial customers.

Network 263
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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.

Data 205
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How Bounce beat pandemic disruption and bagged a16z to lead its Series A

TechCrunch

The 2020 global freeze on leisure travel put a temporary pause on demand for short term luggage storage. The upshot was Bounce was able to grow revenue 38x in 2021, per Candee — reaching “millions” in revenue, and expanding its partner network to 40 countries. Bounce signage for luggage storage outside a shop.

Travel 240
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Koch CTO teams up to get cloud networking right

CIO

Integrating a new network after an acquisition can be a sizable headache for any CIO. Traditionally, to integrate its acquisitions, Koch would flatten the acquired company’s core network, says Matt Hoag, CTO of business solutions at Koch. It’s more complicated than standard networking, Hoag says. Laying the foundation.

Network 146
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Universal Hydrogen raises $20.5M Series A to help launch hydrogen aviation

TechCrunch

million Series A round by Universal Hydrogen , a Los Angeles-based startup aiming to develop hydrogen storage solutions and conversion kits for commercial aircraft. The company’s first product will be lightweight modular capsules to transport “green hydrogen,” produced using renewable power to aircraft equipped with hydrogen fuel cells.

Airlines 257