DDN Nabs $300M From Blackstone
Blackstone Invests $300 Million at a $5 billion Valuation in DDN, AI and Data Intelligence Solutions Leader, to Fuel Further Rapid Growth
DDN, a global leader in AI and data intelligence solutions, today announced it has received a $300 million investment from funds managed by Blackstone Tactical Opportunities ("Blackstone") at a $5 billion valuation.
See which banks, hedge funds, and private equity firms have called staff back five days a week and which allow some work from ...
Blackstone invests $300M in AI data company DDN, valued at $5B, to expand business and potentially pursue an IPO.
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DDN's technology is integral to major AI infrastructure projects, including the Colossus supercomputer by Elon Musk's xAI.
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Shares of Blackstone Inc. BX rose 1.53% to $173.97 Wednesday, on what proved to be an all-around positive trading session for ...
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