Storj, the leader in distributed cloud object
storage, expands cloud platform capabilities with Valdi's high
performance compute platform
LOS
ANGELES, July 9, 2024 /PRNewswire/ -- Storj today
announces a new era in distributed cloud innovation with the
acquisition of Valdi. Storj is the leader in distributed cloud
object storage, disrupting the $100
billion cloud storage market, delivering up to 90% cost
savings and 90% less carbon emissions for customers. Valdi is the
leader in on-demand high performance cloud computing (GPUs) widely
used for AI training and inference in data-intensive industries
like technology, research and life-sciences. Valdi is addressing
the massive shortage of GPUs driven by growth of the AI market by
making them available instantly in mass scale at very competitive
prices. Storj is seizing the opportunity to accelerate innovation
at-scale with integrated cloud storage and GPU solutions, which is
a big step toward developing a full stack distributed cloud
solution.
Just as Storj disrupted the storage industry by enabling
customers to use underutilized storage capacity in data centers in
100+ countries worldwide, Valdi is disrupting the GPU industry,
enabling customers to use available GPU compute cycles in data
centers worldwide. The combination is ideal because most AI
workloads require significant GPU compute, storage and movement of
large data sets.
Storj Chief Revenue Officer Colby
Winegar says, "Today's enterprises demand new
high-performance cloud solutions to innovate affordably and
sustainably. Valdi's global network of data centers with high
performance cloud compute is a natural extension of Storj's
distributed cloud and particularly exciting as our joint storage
and GPU offering is optimized for Generative AI workloads."
Incremental AI spend is expected to hit $1 trillion over the next decade with over 70% of
enterprises ultimately pursuing AI use cases.
In the rapidly evolving field of generative AI, the capacity to
scale efficiently throughout different stages of model development
and deployment is critical. Valdi's global compute infrastructure
enables developers and enterprises to build and commercialize
their own generative AI applications easily, scalably, and
economically.
Valdi's high-performance GPUs and Storj's S3 compatible
distributed cloud object storage are infinitely and rapidly
scalable, and available almost anywhere in the world. With elastic
capacity, Storj eliminates supply chain, manufacturing and
resource-intensive maintenance challenges, while delivering speed,
scalability, security, reliability and sustainability by design.
Valdi also operates via a distributed architecture, allowing
organizations to innovate fast and affordably in AI/ML.
Valdi CEO Nikhil Jain said,
"Validi's global cloud compute platform enables it to surpass
traditional approaches to GPU provisioning, especially when facing
unprecedented demand. Our customers also have substantial storage
needs for their AI workloads, so uniting our organizations delivers
benefits to customers while empowering us to grow faster."
Institutions including CalTech and USC/ISI utilize Valdi's cloud compute platform for
their AI workloads. Storj and Valdi prove to the enterprise that
the highest standards of performance can be delivered and scaled at
a fraction of the financial and carbon expenses of traditional
approaches, thanks to distributed architectures.
Valdi makes it easy to spin-up powerful GPU clusters in flexible
configurations in only a few seconds with no contracts and at very
reasonable pricing. The Valdi network features over 16,000 GPUs
globally.
Ben Golub, Storj CEO, said,
"Storj was created to build a new cloud for a new era of computing.
About 20 years ago AWS began with S3 object storage followed by EC2
CPU-based computing and other services. Today, Storj builds on our
strong foundation of distributed cloud object storage. Acquiring
Valdi expands the value of our distributed solutions for the
enterprise by enabling a full stack cloud offering for our wide
range of global customers."
Valdi and Storj also share a passion for digital sustainability
and responsible innovation. They co-founded the non-profit Digital
Sustainability Alliance (DSA) together with Ad Signal, to advocate
for technology that advances environmental stewardship.
About Storj
Storj is redefining the cloud to
advance the future of data—sustainably and economically. Storj
leverages the vast global supply of underutilized resources to
deliver services with better security, durability and performance.
Experience up to 90% lower costs and carbon reduction with
Storj.
Follow Storj on LinkedIn, X and Instagram.
Press Contact:
Jackie Lucas
Vice President, Global Communications
380147@email4pr.com
978-255-1159
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SOURCE Storj