DDN, a global company in AI and data intelligence solutions, received a $300 million investment from funds managed by Blackstone Tactical Opportunities at a $5 billion valuation. DNN will use the investment to help fund its continued growth as it serves its customers’ AI and high-performance computing software and infrastructure needs.
“Blackstone’s support accelerates our mission to redefine the enterprise AI infrastructure category and scale at an even faster rate,” Alex Bouzari, CEO and co-founder of DDN, said. “By fueling our mission to push the boundaries of data intelligence, we believe we can empower organizations worldwide with next-level AI solutions that drive groundbreaking innovation and deliver significant returns on their investments.”
“This investment enables us to execute our strategy to bring enterprise-grade AI solutions to companies of all sizes, transforming industries and delivering measurable outcomes,” Paul Bloch, president and co-founder of DDN, said. “DDN is laser-focused on solving real AI business challenges, from accelerating LLM deployments to enhancing inferencing, so our customers can unlock their data’s potential and achieve tangible ROI faster than ever.”
“The digital infrastructure powering the AI revolution continues to be among our highest conviction investment themes at Blackstone,” Jas Khaira, head of Blackstone Tactical Opportunities, Americas, said. “DDN’s solutions are trusted by many of the most important AI companies in the world and are critical to the next phase of development for transformative AI deployments. We are thrilled to be the first institutional investor in DDN and help further strengthen its market leadership for high-intensity AI workloads.”
“Alex and Paul have built a highly innovative business that is poised to help further propel the exponential growth in artificial intelligence,” John Watson, managing director at Blackstone, said. “We’re excited to partner with them and their team to further expand DDN’s reach and solutions in the years to come for the benefit of their customers.”
BofA Securities acted as the exclusive financial advisor to DDN in connection with the transaction.
