DataDirect Networks

DataDirect Networks

DDN Storage | HPC & Enterprise Big Data Storage.

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DateInvestorsAmountRound
N/A

$9.9m

Series A
*

$300m

Valuation: $5.0b

Growth Equity VC
Total Funding$310m
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DataDirect Networks (DDN) is a leading provider of data storage management solutions, particularly focused on high-performance computing (HPC) and artificial intelligence (AI) operations. Established in 1998 through the merger of MegaDrive and ImpactData, DDN has grown significantly, reporting annual revenues of $400 million and serving over 11,000 customers globally. The company operates in a specialized market, catering to organizations that require robust data storage solutions to manage large volumes of data efficiently.

DDN's primary clients include research institutions, government agencies, and large enterprises that operate supercomputers and need to handle complex data workflows. Notably, DDN's storage systems are used by 48 of the top 100 supercomputers worldwide, highlighting its prominence in the HPC sector. The company's solutions are designed to bring intelligence to challenging workflows, ensuring that data is stored, managed, and accessed seamlessly.

The business model of DDN revolves around providing both hardware and software solutions for data storage. They offer a range of products, including storage arrays, data management software, and cloud storage solutions. DDN makes money by selling these products and offering related services such as installation, maintenance, and technical support. Additionally, the company generates revenue through long-term service contracts and software licensing fees.

DDN's market strategy focuses on innovation and meeting the specific needs of high-demand data environments. By continuously evolving their product offerings and maintaining strong relationships with key clients like NVIDIA, DDN ensures its solutions remain at the forefront of the industry.

In summary, DDN is a key player in the data storage management market, particularly for high-performance computing and AI applications. Their robust product offerings and strong client base underscore their market leadership.

Keywords: Data Storage, High-Performance Computing, AI, Supercomputers, Data Management, Enterprise Solutions, Research Institutions, Cloud Storage, Software Licensing, Technical Support.

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Investments by DataDirect Networks

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Tintri Inc
ACQUISITION by DataDirect Networks Sep 2018
Nexenta Systems
ACQUISITION by DataDirect Networks May 2019