Hammerspace Secures $56 Million in Funding to Revolutionize Data Orchestration

Hammerspace Secures $56 Million in Funding to Revolutionize Data Orchestration

Introduction:

In the gaming world, a hammerspace is a storage location that allows characters to instantly access objects out of thin air. Hammerspace, an enterprise data orchestration firm, aims to bring this concept into the real world by offering a solution to the challenges enterprises face in managing their vast troves of data. The company recently raised $56.7 million in an institutional investment round and has experienced a 300% year-over-year growth. Hammerspace’s unique architecture separates the control plane from the data path, allowing for enhanced performance scalability. Customers such as Jellyfish Pictures and Blue Origin have already found success with Hammerspace’s platform. With remote and dispersed workforces becoming the norm, the need for seamless data access has never been greater, and Hammerspace is at the forefront of solving this problem.

Full Article: Hammerspace Secures $56 Million in Funding to Revolutionize Data Orchestration

Hammerspace Raises $56.7 Million in Funding Round

Hammerspace, an enterprise data orchestration firm, has recently secured $56.7 million in an institutional investment round. The company aims to address the challenge of securely accessing and controlling an organization’s vast data ecosystem. Hammerspace’s software consolidates an enterprise’s existing data stores into one file system, eliminating the need for data copying between different storage solutions. The software also bridges various storage types, whether on-prem or cloud-based, to create a cross-platform global data environment.

Decoupling Data from Infrastructure

David Flynn, CEO and Co-founder of Hammerspace, explained that the company was founded with the goal of decoupling data from the underlying infrastructure. This allows for a unified view of data, even when it is physically distributed across multiple locations. Hammerspace’s software automates data services and file operations as background tasks, ensuring uninterrupted file access via standard file protocols. This includes multi-cloud use cases, accommodating the increasing trend of utilizing multiple cloud environments.

Unique Architecture for Enhanced Performance

Flynn’s background in high performance computing (HPC) influenced Hammerspace’s unique architecture. The company separated the control plane from the data path and introduced an abstraction layer to enhance performance scalability. This technique, commonly used in supercomputing, is not yet seen in enterprise data storage. Hammerspace utilizes Parallel NFS (PNFS), a part of the NFS distributed file system protocol, to overcome the limitation of data flowing through a single NFS server. PNFS separates metadata from file data, enabling direct data access from multiple and parallel storage devices.

Growing Demand and Noteworthy Customers

Hammerspace has experienced significant demand, with a 300% year-over-year growth. One of their notable customers is Jellyfish Pictures, a remote visual effects and animation studio known for their work on “Star Wars” movies and shows. Jellyfish leveraged Hammerspace and a partnership with Microsoft Azure to orchestrate content for their distributed workforce. Similarly, Blue Origin, Jeff Bezos’s rocket manufacturing company, uses Hammerspace across their on-prem and cloud infrastructures. The company benefits from seamless data sharing and collaboration within a single file system.

Investment and Market Perspective

Hammerspace’s recent funding round was led by Prosperity7 Ventures, the venture arm of Saudi Aramco. Jonathan Tower, Managing Director of Prosperity7, stressed the importance of focusing on truly innovative products with a global impact. Tower noted that the shift to remote work caused by COVID has created a need for seamless data access without restrictions. He emphasized that systems must be built to cater to the future requirements of data access, rather than relying on outdated concepts. Tower expressed his confidence in Hammerspace’s unique approach and solution for data management and access.

Conclusion

Hammerspace’s ability to consolidate data from various storage solutions and provide a unified view is gaining attention in the market. Their software addresses the challenges of securely storing and accessing data in today’s increasingly distributed and remote work environments. With their recent investment, Hammerspace is well-positioned to continue growing and innovating in the enterprise data orchestration space.

Summary: Hammerspace Secures $56 Million in Funding to Revolutionize Data Orchestration

Hammerspace, an enterprise data orchestration firm, has raised $56.7 million in an institutional investment round. The company aims to decouple data from infrastructure, allowing for a single view of data even when it is physically distributed. Hammerspace’s software brings together an enterprise’s existing data stores into one file system, creating a cross-platform global data environment. The company’s unique architecture separates the control plane from the data path, enhancing performance scalability. Hammerspace has experienced significant year-over-year growth and counts Jellyfish Pictures and Blue Origin among its customers. The investment round was led by Prosperity7 Ventures, the venture arm of Saudi Aramco.

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