SAN MATEO, Calif., February 7, 2024 — Hammerspace today announced details of its business momentum into 2024. To power AI, there is a growing need for datasets originating from the edge, stored in different vendor silos, and distributed across diverse clouds. Organizations need to urgently assess their data architecture at a strategic level.
Working with existing customers such as Blue Origin, The National Science Foundation, Royal Caribbean Group, and Hyperscale Large Language Model (LLM) environments, Hammerspace is helping organizations around the world transform their data architectures as they aim to deliver advanced data. It is in an advantageous position as a key component. Transfer performance data to large-scale GPU computing environments, overcome data silos, and move data to available compute and prioritized AI models.
To accelerate this momentum, Hammerspace is rapidly expanding its employee base and tripling its go-to-market resources to collaborate with customers and partners to design data strategies and storage environments for the next data cycle. It is increasing.
Whether organizations want to ingest data into an AI model of their choice or create unstructured data sources that can be consumed by external analytics platforms like Snowflake or Databricks, Hammerspace gives organizations the flexibility to design their data architecture and Move data to where it’s needed for computing. Local proximity to analytics and AI models.
2023 Key Business Results and Recent Third-Party Verification
- Single customer deployments exceeding 100 petabytes of capacity.
- Over 300% growth in sales pipeline.
- Capacity managed by Hammerspace Global Data Environment software increased 650% year over year.
- Number of signed channel ecosystem partners increased by 65% year over year.
- raised $56.7 million in First round of institutional investors Led by Prosperity7 Ventures and includes Pier88 Ventures, ARK Invest and others.
- A global data environment extended to support data on tape and a published reference architecture for training large language models in hyperscale environments.
- We have nearly doubled our sales and marketing teams to meet increased market demand.
- Named a TechTarget Gold Award Winner for Top Data Storage and Management Tools of 2023
- Recognized as a Leader in the GigaOm Radar Report for High Performance Cloud File Storage
- Selected as one of DCIG’s Top 5 Featured Vendors for Multisite File Collaboration Solutions
- Mathematic Studio’s Hammerspace implementation wins Best of Show at IBC2023 by TVTech
- Wins Most Innovative Technology Award at Prestigious Flash Memory Summit 2023
- Expanded strategic leadership team with the addition of:
- Senior Vice President of Strategic Partnerships – Mark Cree, former GM – AWS Storage Gateway
- EMEA Sales and Technical Leadership Team
- Ryan Taylor, former Weka EMEA Senior Director
- Mark Lucas, former Head of EMEA Pre-Sales Engineering at Weka
- Head of Technical Account Management – David Bailey, former WW Technical Specialist, DDN and Qumulo Evangelist
- Partner Marketing Director – Betsy Doughty, former Spectra Logic Vice President of Marketing
- Senior Director of Solutions Marketing – Eric Bassier, former Head of Product Marketing at Quantum
“Hammerspace’s strong pipeline growth and significant momentum in adoption reflects the urgent demand for advanced methods to solve fundamentally new data challenges in the next era of data.” said David Flynn, founder and CEO of Hammerspace. “Data-intensive organizations, such as those deploying AI and deep learning applications, rely on automated data orchestration to deliver high performance wherever data is used and eliminate the constraints of data silos. Hammerspace delivers this and more, helping customers modernize their data architectures and grow their businesses.”
About Hammer Space
Hammerspace solutions are software-defined automated data orchestration systems with a complete set of data services to integrate and manage data in global data environments across edge, datacenter, and public cloud infrastructures. Hammerspace provides the world’s first and only solution to connect users around the world to data and applications on data center storage and public cloud services from vendors such as AWS, Google Cloud, Microsoft Azure, and Seagate Lyve Cloud.
Source: Hammerspace
