AI data firm DDN seeks new funding round

DDN, a company specializing in AI data hardware and software, is reportedly planning to secure additional funding before the end of the year. The firm, which boasts Nvidia Corp. as a strategic partner and counts major tech players like Alphabet Inc.'s Google and Salesforce Inc. among its clientele, is looking to capitalize on its strong market position. While specific details regarding the funding amount or valuation were not disclosed, this move indicates continued investor interest in the AI infrastructure sector. DDN's focus on data solutions positions it as a key player supporting the growing demands of artificial intelligence.