NVIDIA to Acquire SwiftStack to Deliver AI at Scale
Cloud data storage and management platform SwiftStack announced Thursday that it had agreed to be acquired by graphics processing and artificial intelligence (AI) specialist NVIDIA (NASDAQ: NVDA). SwiftStack offers cloud storage capabilities that are already deeply embedded with NVIDIA's DGX server and supercomputer, which are specifically built to accelerate AI applications, helping to support large-scale AI and machine learning deployments.
The terms of the deal were not disclosed, but in three previous funding rounds, SwiftStack had raised $23.6 million from the likes of Mayfield Fund, OpenView Venture Partners, Storm Ventures, and UMC Capital. The deal is expected to close in the coming weeks.
The NVIDIA DGX Station server and the DGX-1 AI Supercomputer -- purpose-built for AI. Image source: NVIDIA.
Source Fool.com
