Artificial intelligence (AI) cloud infrastructure company Sharon AI has acquired Distributed Storage Solutions.
The acquisition has been valued at $25m.
Sharon AI is a high-performance computing company that focuses of AI cloud GPU compute infrastructure. Through the acquisition, the combined entity will gain strategic relationships with Nvidia and Lenovo as well as a team with over 15 years of data center operations and energy infrastructure management experience.
Sharon AI's GPU compute infrastructure will be distributed at new and existing Tier III and IV colocation facilities, as well as the company's own data centers in the US.
In addition to the acquisition, Sharon AI has appointed Wolf Schubert as CEO.
Schubert has 25 years of experience working in US financial markets, having held senior positions at the likes of JP Morgan, Vista Equity Partners, Strategic Value Partners and Silverpoint Capital.
Schubert said of the acquisition: “We are looking forward to expanding our existing AI GPU Compute and Cloud Storage operations in 2024 and beyond, driven by Sharon AI’s board and management team who have significant experience in energy markets and data center infrastructure.
"Our team has previously deployed over 100 modular data centers across more than 200MW of energy capacity in the US. The demand for GPU-specific workloads and specialized data centers driven by generative AI is enormous and we are excited about the opportunities in front of us.”
According to the company's website, Sharon AI has an existing presence in the US, as well as in Sydney and Melbourne in Australia.
Distributed Storage Solutions is an Australian company that describes itself as a decentralized data storage provider. The company offers 'Filecoin,' a storage blockchain developed by Protocol Labs of the IPFS protocol which stores and retrieves data via a series of cryptographic proofs.
