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Meet a decades-old software company hitching a ride on the Nvidia rocket ship

  • DataDirect Networks (DDN), a decades-old computing company, is benefiting from the AI boom.
  • DDN offers crucial data storage for AI data centers, specializing in fast access to stored data for GPU users.
  • The company has been working with Nvidia for eight years and is now seeing exponential success due to the scalability of AI storage systems.
  • DDN recently raised $300 million from Blackstone, valuing the company at $5 billion and positioning it for further expansion.

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