Artificial intelligence data platform Hammerspace raises $100 million, led by Altimeter Capital and ARK Invest

According to a report by Golden Finance, Hammerspace, an artificial intelligence data platform, has raised $100 million with a valuation of over $500 million. This round of financing is led by Altimeter Capital and ARK Invest, and the strategic investors have not yet been disclosed. At present, the company is valued at over $500 million and serves clients including Meta and the US Department of Defense. Hammerspace plans to use this funding to strengthen sales and marketing efforts.