📝 Hammerspace raises $100M

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News of the Day

Hammerspace, a startup helping AI companies seamlessly access and orchestrate data across fragmented environments, just raised $100 million in a strategic venture round, valuing it at over $500 million. With clients like NVIDIA, Meta, Tesla, and the U.S. Department of Defense, Hammerspace’s file system tech—built on the Linux kernel NFS client—has seen viral adoption as AI demand exposes the industry’s weak spots in data strategy. As its CEO David Flynn puts it, “AI has been the perfect storm” for their solution, which eliminates delays caused by traditional data handling. An IPO remains the long-term plan, though now pushed to around 2027.

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Chart of the Day

Is this startup the next billion dollar buyout?

Imagine investing in Ring before its $1.2B buyout by Amazon

Or Nest, before Google's $3.2B acquisition.

By the time we hear about industry-changing companies, it’s usually too late. But right now, there’s a smart home startup making their way to homes in America. This tech startup is RYSE, and unlike Ring, you can still invest before their $1.90 round closes May 30.

Like how Ring disrupted home security, this company is revolutionizing smart blinds & shades.

With $10M+ in revenue, 200% YoY growth, and sold in 127 Best Buy stores, they are primed for massive expansion and forecast 5X in revenue this year.

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Onwards and Upwards,