Extensive dataWhich offers an AI-friendly data storage platform, is in the market to extend a new round in a great jump in the diagnosis.
According to the dealing person, earlier this year, the 9 -year -old company wanted to receive a cost of about $ 25 billion. If this is to be achieved, it will jump a massive jump from its $ 9 billion series E -Valuation, earned in December 2023.
The person said, the deal was not finalized, and the terms – including its diagnosis – could change, the person added, adding that despite the impressive growth, the price of the applied at that time was high. Other sources told Tech Crunch that many VCs are widely interested and watch.
Did not respond to a extensive commentary request.
In a wide range of data management software, which combines data hardware from shopkeepers like Unified CPU, GPU, and Superkro, HPE, and Cisco. While old school data storage options are relying on levels (low -cost storage options for long -term storage, high -end options for more frequently used data), eliminating such levels. Its purpose is especially flash storage.
Ai has been an honor in a broad business. The company’s platform stores contain a structure, semi -made and non -structural data, which accelerates data retrieval and, says, reduces the cost of model training and diagnosis.
The company’s users include large businesses such as Pixer, Servino, and Xi, as well as the next -generation AI cloud provider such as Corio and Lambeda, who use wide technology to offer storage capabilities to their last users.
According to the Tech Crunch, a widespread annual revenue (ARR) was $ 200 million when it increased its series about 18 months ago. This company is growing from 3x by 2.5x year by year, Renn Halak, CEO of Waist and co -founder, Said on a pod cast May last Halak said the company has been positive for free cash flow for four years.
On data storage capabilities, a wide -ranging 16 -year -old is competing with a traded net storage with about $ 17 billion, and 12 -year -old Vika, who collected a $ 140 million round at a price of $ 1.6 billion last year. The wide database is also developing architecture that is competitive with a data bike offer.
Currently, before the round, the company has collected a total of 1 381 million from investors, including Federation Management and Research Company, Nea, Bond Capital, and Drive Capital.