Storj Acquires Cloud Computing Firm Valdi; Terms Undisclosed

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00:54, a crypto-backed cloud-storage platform, said it bought Valdi, a provider of high-performance cloud computing, to add graphics-processing-unit computing for its enterprise clients.

The Valdi network comprises over 16,000 GPUs globally and provides on-demand processing that is used for artificial intelligence training in industries such as technology, research and life sciences, Storj said in a press release. Terms of the deal were not disclosed.“Today’s enterprises demand new high-performance cloud solutions to innovate affordably and sustainably,” Storj chief revenue officer Colby Winegar said in the release.

Valdi aims to address the shortage of GPUs driven by the growth of the artificial intelligence market by allowing customers to use available GPU compute cycles in data centers across the world, Storj said. “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,” Winegar said.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

 

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