Blackstone is set to invest $300 million in DDN, a California-based company specializing in efficient data storage and analysis solutions.
This significant funding values DDN at $5 billion, marking the company’s first-ever external investment.
The move reflects Blackstone’s strategic focus on the artificial intelligence sector, including investments in data centers and companies supporting chip manufacturers.
This latest deal underscores Blackstone’s commitment to fostering businesses that drive the growth of AI technologies.
