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Nvidia Acquires SwiftStack

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Nvidia has acquired San Francisco-based AI architecture, data storage firm SwiftStack for an undisclosed sum.

Founded in 2011, SwiftStack provides data storage and management solutions for enterprises and organizations. SwiftStack’s data platform is said to enable its customers to store, manage, control, and utilize many petabytes of unstructured data from edge to core to cloud. Its software is popular for functions like deep learning, analytics, scientific research, and leveraging large asset repositories.

Past invstors include OpenView Partners, Storm Ventures, UMC Capital, and Mayfield Fund.

“For more than a year, our team has worked together with NVIDIA to solve the data challenges to enable AI at scale,” Joe Arnold, CPO and co-founder, SwiftStack said while announcing the deal in a blog post.

SwiftStack’s technology is already a key part of NVIDIA’s GPU-powered AI infrastructure, Arnold added.

He further said: “Building AI supercomputers is exciting to the entire SwiftStack team. We couldn’t be more thrilled to work with the talented folks at NVIDIA and look forward to contributing to its world-leading accelerated computing solutions.”

SwiftStack promises to continue supporting existing customers. Also, the transaction is expected to be closed in the weeks ahead.

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