April 16, 2025:
Hammerspace Secures $100M for Data Management Revolution - Hammerspace, a data management company working with AI leaders such as Nvidia, Meta, and Tesla, has raised $100M, pushing its valuation over $500M. This funding round is supported by Altimeter Capital and ARK Invest. The company addresses the issue of siloed, fragmented data by ensuring accessibility as needed. Founder David Flynn uses Linux-based technology to enhance data processes amid rising AI demands.
The new investment will enhance their sales and marketing efforts, with an initial public offering anticipated in approximately two years.
