UltiHash – the first high-performance and sustainable data storage solution – recently announced it has raised $2.5 million in pre-seed funding. This funding round was led by Inventure, with participation from PreSeedVentures, Tiny VC, Futuristic VC, The Nordic Web, Antti Karjalainen (founder of Robocorp and angel scout for Sequoia Capital), and other private investors.
UltiHash joined a market where data growth is skyrocketing, and the environment is being taxed for the fuel. Digital data generates a lot of carbon emissions. This rising tide of data will lift the boats with the data storage to facilitate high-performance applications like process optimization and product development.
The existing storage solutions often force a compromise between high-cost and low-performance which causes acceleration to become almost impossibly cost-prohibitive. This is a challenge for companies working in hybrid cloud infrastructures, where data transfer rates and multi-vendor setups increase complexity. UltiHash is cutting down on the environmental toll of data growth by reducing the overall amount of data that has to be preserved.
UltiHash facilitates data growth without needing a proportional storage capacity increase. And its technology brings byte-level deduplication independent of data types to every data infrastructure, matching binary fragments per and across datasets from terabytes to exabytes.
UltiHash’s technology can decrease companies’ storage needs by up to 50%, helping them save millions on unnecessary storage and network costs. Users just store and migrate the data they need without compromising speed, thus breaking the logjam between scalability and affordability companies face when expanding their data operations.
By condensing the amount of data stored, UltiHash advances the growth of high-performance data-driven applications, such as machine learning models and AI, business intelligence, product engineering, and more, sustainably and cost-effectively. Every byte is fully utilized, and the environmental impact is kept at an absolute minimum.
KEY QUOTES:
“We live in a world where the exponential growth of data is looked at as the new oil, but just like oil the negative environmental impacts are becoming substantial. UltiHash leads a tectonic shift in sustainable data storage with a solution able to eliminate unnecessary data and highly increase efficiency in your data operations. We are proud to back this ambitious team and support this shift.”
- Rebecka Löthman Rydå, Investor at Inventure
“The exponential increase in data storage resources is not sustainable from either a business or environmental perspective. Resource optimization is the only way forward to manage data growth and continuously use data as the lever to solve challenges. In this industry, speed is a must, and we’re here to make hot storage resource-efficient.”
- Tom Lüdersdorf, UltiHash Co-Founder and CEO
