NVIDIA to Acquire SwiftStack to Deliver AI at Scale The Motley Fool

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 company joined NVIDIA's partner network in mid-2019 as a solution provider for AI and machine learning.