Hammerspace is a five-year-old start-up that specializes in providing a unique solution to businesses that require vast amounts of unstructured data for development, including AI. The company recently announced that it had received $56 million in funding from a group of investors led by Prosperity7 Ventures, the venture arm of Saudi Aramco. Other investors include ARK Invest, Pier 88 Hedge Fund, and Samsung.
Hammerspace’s breakthrough technology resolves the issue of managing unstructured data by providing a streamlined and efficient way of accessing and managing large amounts of data regardless of where it is stored. This article explores Hammerspace’s innovative approach to data orchestration and how it is revolutionizing AI development.
Hammerspace is named after the concept of cartoon characters pulling out objects they need out of thin air. The start-up’s solution provides businesses with a way of making large amounts of data accessible and available to an organization just when they need it and keeping it out of the way when they do not.
The company’s “file system” was built for managing, moving, and orchestrating data based on a particular implementation in Linux. According to David Flynn, the co-founder of Hammerspace, “what it does is unique across the industry.” The platform provides a radical input to feed data into and out of AI training systems, enabling businesses to utilize their GPU horsepower optimally.
Hammerspace has already established partnerships with several well-known companies and organizations that require large amounts of data for their operations. The list includes Jeff Bezos’ Blue Origin, the National Science Foundation, and Royal Caribbean Group. The start-up is also working with major media groups to manage their data around special effects development, including effects in Star Wars and Stranger Things.
Furthermore, Hammerspace is working with at least one “super scaler” to manage unstructured data that they are currently using in the building and training of Large Language Models across tens of thousands of GPUs. The company’s technology breakthrough enables businesses to access and manage unstructured data, which is essential for AI applications.
According to data from IDC, more than 90% of business information “is likely to be formed of unstructured data by 2025.” As businesses continue to rely on AI applications to improve their operations, the importance of unstructured data continues to grow. Companies that need to use vast amounts of data in a project like building a new AI will typically find it challenging to access and manage the data they need, not only because of the sheer volume but also because it is unstructured.
Hammerspace’s technology resolves this issue by providing businesses with a way of managing unstructured data effectively. The company’s innovative approach to data orchestration is unique and provides a solution that is essential for AI development.
Hammerspace’s solution provides several benefits to businesses that require vast amounts of data for their operations. The platform provides a way of managing unstructured data, which is critical for AI applications, and enables businesses to optimize their GPU horsepower. The streamlined and efficient approach to data orchestration provided by Hammerspace reduces the complexity of managing large amounts of data, enabling businesses to focus on utilizing the data for their operations.
Hammerspace’s recent funding round will enable the company to expand its operations and continue to provide innovative solutions to businesses that require vast amounts of unstructured data. The company’s unique approach to data orchestration is essential for AI development, and as the importance of unstructured data continues to grow, Hammerspace’s solution will become increasingly valuable.
Hammerspace is revolutionizing AI development with its innovative approach to data orchestration. The company’s solution provides businesses with a streamlined and efficient way of managing large amounts of unstructured data, which is essential for AI applications. With its recent funding round, Hammerspace is well-positioned to expand its operations and continue to provide innovative solutions to businesses that require vast amounts of unstructured data.
First reported by TechCrunch.
