What does Hammerspace do?
Hammerspace offers a Linux-native, standards-based parallel file system and object store that integrates file and object protocols over standard Ethernet or high-speed interconnects like InfiniBand. Its platform enables organizations to overcome data gravity by assimilating data across hybrid environments, ensuring that GPUs are saturated and that time-to-insight is minimized for researchers and developers.
How much did they raise?
The company raised $100M in a funding round with lead investors Altimeter Capital and ARK Invest.
What are their plans for the money?
With the new funds, Hammerspace plans to accelerate its global expansion and consolidate its market position, potentially increasing its impact on the data infrastructure landscape for AI.
What have they achieved so far?
Hammerspace has already made significant strides by developing a high-performance platform that boosts productivity through efficient data assimilation and management, keeping GPUs fully utilized and reducing time-to-insight.