Get the latest tech news
Hammerspace, an unstructured data wrangler used by Nvidia, Meta and Tesla, raises $100M at $500M+ valuation
Artificial intelligence services at their heart are massive data plays: you need data — a lot of it — to build the models, and then the models need
A company called Hammerspace has built a system to help AI and other organisations tap into data troves with minimal heavy lifting, and it’s been seeing impressive adoption. Now, with customers including NVIDIA, Meta, Tesla, Palantir and the Department of Defense as well as other very recognisable names, Hammerspace is announcing $100 million in funding to expand its business. The funding is notable because it points to the ecosystem developing around the value that the market sees in AI companies, which are raising billions of dollars both to build their capital-intensive businesses and meet massive demand.
Or read this on TechCrunch
