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Hammerspace Raises $100 Million at Over $500 Million Valuation

Hammerspace is a next-generation unstructured data platform designed to eliminate access delays for AI and high-performance computing workloads. It delivers a high-throughput, low-latency global file system that unifies data across edge, core, and multi-cloud environments. With instant, agentless deployment and native Linux support, Hammerspace keeps GPUs fully utilized and accelerates time-to-insight. Its architecture enables seamless data orchestration, significantly boosting efficiency for researchers, developers, and enterprise teams alike.

Hammerspace has raised $100 million in a Series B funding round to fuel its global expansion, bringing its valuation to over $500 million. The round includes participation from Altimeter Capital, ARK Invest, and other strategic investors.

Hammerspace, headquartered in San Mateo, California, United States, was founded in 2018 by David Flynn, Douglas Fallstrom, and Trond Myklebust. Hammerspace operates globally across North America, Europe, and Asia, serving a diverse range of industries with its high-performance data platform for AI and HPC workloads.

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