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Vast Data lands $118M to grow its data storage platform for AI workloads

TechCrunch

The New York-based startup, which provides a scale-out, unstructured data storage solution designed to eliminate tiered storage (i.e. setups that move data between high- and low-cost storage hardware), today announced that it secured $118 million in a Series E round led by […] © 2023 TechCrunch.

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Accelerating generative AI requires the right storage

CIO

Generative AI “fuel” and the right “fuel tank” Enterprises are in their own race, hastening to embrace generative AI ( another CIO.com article talks more about this). In generative AI, data is the fuel, storage is the fuel tank and compute is the engine. What does this have to do with technology?

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EnCharge AI emerges from stealth with $21.7M to develop AI accelerator hardware

TechCrunch

EnCharge AI , a company building hardware to accelerate AI processing at the edge , today emerged from stealth with $21.7 Speaking to TechCrunch via email, co-founder and CEO Naveen Verma said that the proceeds will be put toward hardware and software development as well as supporting new customer engagements.

Hardware 216
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Cloud storage startup Wasabi raises $250M to reach unicorn status

TechCrunch

Two at the forefront are David Friend and Jeff Flowers, who co-founded Wasabi, a cloud startup offering services competitive with Amazon’s Simple Storage Service (S3). Wasabi, which doesn’t charge fees for egress or API requests, claims its storage fees work out to one-fifth of the cost of Amazon S3’s.

Storage 224
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Software Driven Business Advantages in the Enterprise Storage Market

Infinidat

Software Driven Business Advantages in the Enterprise Storage Market. Not too many years ago, enterprise storage solutions were all about hardware-based innovation, delivering performance and functionality by adding dedicated and proprietary hardware components. Adriana Andronescu. Tue, 04/26/2022 - 22:00.

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Telefonica is working to help enterprises decarbonize their operations

CIO

More than half of the company’s portfolio has also achieved Telefónica’s Eco Smart Seal verified by ,AENOR, a designation that enables customers to quickly identify solutions and services that deliver energy savings, reduce water consumption, lower CO2 emissions and extend the useful life of hardware to promote a circular economy.

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Inferencing holds the clues to AI puzzles

CIO

With the potential to incur high compute, storage, and data transfer fees running LLMs in a public cloud, the corporate datacenter has emerged as a sound option for controlling costs. 1 Inferencing on-premises with Dell Technologies can be 75% more cost-effective than public clouds, Enterprise Strategy Group, April 2024.