HammersPace, which is not organized data used by NVIDIA, Meta and Tesla, raises $ 100 million at an evaluation of $ 500 million+

Artificial intelligence services in her heart are huge plays: you need data – a lot of them – to create models, then the models need effective ways to receive data and take them out to work.

A company called HammersPace space He built a system to help artificial intelligence and other institutions to take advantage of data data with the least heavy lifting, and has witnessed impressive adoption. Now, with Clients Including NVIDIA, Meta, Tesla, Palantir and the Ministry of Defense in addition to other highly identified names, hammersPace announces $ 100 million in financing to expand its business.

This funding was described as a “strategic project tour”, and HammersPace is estimated at more than $ 500 million, according to sources close to the company Techcrunch. Its supporters include Altimeter Capital and Ark Invest, along with unveiled strategic investors. Investors are described as “very participate”.

This financing is noticeable because it indicates the development of the ecosystem on the value that the market sees in artificial intelligence companies, which collects billions of dollars both to build its intensive business business and meet the massive demand.

But as Jamin Ball, the partner in Altimeter, pointed out, “You do not have an Amnesty International strategy without a data strategy.” So the company that builds a platform to enable the data strategy can become of great value as well.

HammersPace said that much of its growth so far was through the word mouth. Part of this financing will be used to expand more proactive with sales and marketing.

HammersPace space Previously raised 56 million dollars From Prosperity7 Ventures (the arm of the Saudi Aramco project), Ark Invest, Pier 88 Fund Fund, and other investors whose name has not been revealed. Before that, it was self -funded by CEO and co -founder David FlynnThe pioneering technician known for his early work on Linux, supercar computers and flash computing.

There are a large number of companies that have been determined to connect the large gap in the data market today. “VAST” is a practical word here, because it is one of the companies that compete with HammersPace, along with Dell, Pure Storage, Weka and many others in the worlds of data format, file management, data pipeline, and data management.

This gap is going in this way: other digital applications and services that we use to work and do everything else in life these days produce a lot of possible value data. But data assets are present in silos – they are fragmented, stored through multiple (competing) clouds and other environments, and are often unorganized. This makes them a challenge to use.

This gap applies to a wide range of institutions use, but perhaps the largest at the present time is artificial intelligence.

“The artificial intelligence was the ideal storm of the need for what I have done,” Flynn said in an interview.

HammersPace has been named, as we have noticed before Concept It was first made of cartoons and comedy, as the characters pull the things they need from delicate air.

This, in fact, what HammersPace does. The start starting provides a way to make large quantities of data, regardless of where it lives or how to use it, can be accessed and available to the institution when they need it, and keep it away from the road when they do not.

As Flynn describes it, the way the institutions will work with data is usually transferred from anywhere to where it must be processed. “You need to install things on each system,” he said. “It’s a chaos.”

It’s slow too. “The arms race is such an enemy,” he said. With “value time”, now a major priority for these companies, hammersPace is registering a lot of customers who are concerned about lethargy time.

Flynn’s wallpaper in Flash Computing is essential to hack hammerspace. Building on Linux, everywhere in the database world, can see that the key to data organization via different sites is to create a file system to do so.

The heart is Linux Kernel NFS, everywhere across many data systems. Participant founder of Hammerspace and CTO Trond Myklebust He was the main developer of Linux Kernel NFS, and the starting start of the main supervisor remains. The “file system” that the company created for data management, transfer and coordination depends on a specific implementation in Linux inhale this. “What he does,” is unique throughout the industry. “

Long term, Flynn He said last year This clown may be published early this year. This schedule has changed now but the trend was not. “Yes, the public subscription is absolutely the intended strategy of HammersPace,” said Flynn. “We are more likely for nearly two years (dependent on market conditions).”