Sharon AI, Inc completes acquisition of Distributed Storage Solutions Ltd for US$25M
Acquiring Company
SharonAI
Acquired Company
Distributed Storage Solutions Ltd (DSS)
New York
SydneyInformation TechnologyFinancial ServicesSoftwareArtificial IntelligenceFinanceAnalyticsMachine LearningInformation TechnologyDescription
Sharon AI, Inc, a High-Performance Computing (HPC) business focused on Artificial Intelligence (AI) Cloud GPU Compute Infrastructure, has acquired Distributed Storage Solutions Ltd (DSS) for US$25M. This acquisition brings strategic relationships with Lenovo and Nvidia, as well as a highly experienced operational team with over 15 years of data center operations and energy infrastructure management experience.
Quick answer
SharonAI is acquiring Distributed Storage Solutions Ltd (DSS) for $25 million, announced July 11, 2024. SharonAI is based in New York, New York, United States.
- How much did SharonAI pay for Distributed Storage Solutions Ltd (DSS)?
- The reported deal value is $25 million.
- What does SharonAI do?
- SharonAI Inc. specializes in high-performance computing and artificial intelligence technology.
- Where are SharonAI and Distributed Storage Solutions Ltd (DSS) based?
- SharonAI is based in New York, New York, United States. Distributed Storage Solutions Ltd (DSS) is based in Sydney, New South Wales, Australia.
- Who are the decision-makers at SharonAI?
- Fundz holds 2 contacts at SharonAI. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Distributed Storage Solutions Ltd (DSS)?
Distributed Storage Solutions Ltd (DSS) was acquired by SharonAI, based in New York. The deal was reported on July 11, 2024. SharonAI Inc. specializes in high-performance computing and artificial intelligence technology. The company aims to enhance computational capabilities through innovative AI solutions. SharonAI is publicly traded (SHAZ) and operates in Information Technology.
When did SharonAI acquire Distributed Storage Solutions Ltd (DSS)?
SharonAI's acquisition of Distributed Storage Solutions Ltd (DSS) was reported on July 11, 2024. Sharon AI, Inc, a High-Performance Computing (HPC) business focused on Artificial Intelligence (AI) Cloud GPU Compute Infrastructure, has acquired Distributed Storage Solutions Ltd (DSS) for US$25M. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Distributed Storage Solutions Ltd (DSS) do?
Australia's largest Filecoin storage provider, dedicated to sustainable and robust enterprise grade data storage infrastructure in the Filecoin Network developed on the IPFS protocol. It is privately held, operating in Information Technology, and is based in Sydney.
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