DDN Raises $300M from Blackstone to Boost AI and HPC Expansion


DDN Raises $300M from Blackstone to Boost AI and HPC Expansion

📅 - DataDirect Networks (DDN), a global leader in AI and data intelligence solutions, has announced a $300 million investment from Blackstone Tactical Opportunities. The funding, which values DDN at $5 billion, aims to accelerate the companys growth as it meets the surging demand for AI and high-performance computing (HPC) infrastructure.

Founded in 1998, DDN has established itself as a pivotal player in the HPC and AI landscape, supporting over 500,000 NVIDIA GPUs for a range of clients across sectors such as public services, finance, medical sciences, and cloud computing. Notable customers include AI-focused organizations like xAI and Lambda. The companys high-performance data intelligence [...][... Check source for end of article ...]
Tags: AI

Reads: 118 | Category: General | Source: Hosting Jurnalist : Hosting Jurnalist | Author:
URL source: https://hostingjournalist.com/news/ddn-raises-300m-from-blackstone-to-boost-ai-and-hpc-expansion
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!