- Nvidia recently announced it acquired SwiftStack. These are the details about the deal.
Nvidia recently announced it acquired SwiftStack, which is a data storage and management company that supports apps on the public cloud, on-premises, and on the edge. The terms of the deal were undisclosed.
SwiftStack’s products are known for improving support for artificial intelligence, high-performance computing, and accelerated computing workloads.
“For more than a year, our team has worked together with NVIDIA to solve the data challenges to enable AI at scale. We expect to close the transaction in the weeks ahead, subject to customary conditions,” said Joe Arnold, CPO and co-founder of SwiftStack, in a blog post. “Last year, when we announced SwiftStack 7, we unveiled our focus on the SwiftStack Data Platform for AI, HPC, and accelerated computing. This included SwiftStack 1space as a valuable piece of the puzzle, enabling data acceleration in the core, at the edge, and in the cloud.”
Prior to the acquisition, SwiftStack raised over $20 million in funding since it was founded in 2011.
