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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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From edge to cloud: The critical role of hardware in AI applications

CIO

All this has a tremendous impact on the digital value chain and the semiconductor hardware market that cannot be overlooked. Hardware innovations become imperative to sustain this revolution. So what does it take on the hardware side? For us, the AI hardware needs are in the continuum of what we do every day.

Hardware 221
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Accelerating generative AI requires the right storage

CIO

In generative AI, data is the fuel, storage is the fuel tank and compute is the engine. All this data means that organizations adopting generative AI face a potential, last-mile bottleneck, and that is storage. Novel approaches to storage are needed because generative AI’s requirements are vastly different.

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Keep Labs’ smart storage redefines medication management

TechCrunch

Keep Labs built a lockable storage container for medicine, and it doesn’t matter if the meds come in bottles, boxes or dime bags. The Keep is designed to hold them safely and track their use. The company launched in 2019, won — and lost — an innovation award at CES 2020, and this week started […]

Storage 283
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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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Wasabi scores $112M Series C on $700M valuation to take on cloud storage hyperscalers

TechCrunch

Taking on Amazon S3 in the cloud storage game would seem to be a fool-hearty proposition, but Wasabi has found a way to build storage cheaply and pass the savings onto customers. Wasabi storage starts at $5.99 Wasabi just landed $68 million to upend cloud storage. “The business has just been exploding.

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