DDN has raised $310 million across grants and equity rounds, including a major $300 million Series B in 2025 that valued the company at $5 billion. Headquartered in Chatsworth, California, United States, DDN delivers high performance computing storage, data management appliances, and parallel file systems for AI, simulation, and analytics workloads.
The company focuses on deterministic performance, large scale throughput, and reliable data pipelines for enterprise AI, media rendering, government, and life sciences.
Keep reading to learn how DDN became a leading provider of HPC and AI optimized storage.
What Is DDN and What Does It Do?
Founded in 1998 by Paul Bloch and Alex Bouzari, DDN is a high performance storage company specializing in HPC, big data, and AI workloads. The platform provides parallel file systems, burst buffers, object storage, and data management appliances designed for large scale computing environments.
DDN employs approximately 456 people and serves customers across media and entertainment, government research, life sciences, enterprise AI, and global analytics operations.
How Much Funding Has DDN Raised?
1. Series B Round
- Amount Raised: $300 million
- Date: January 23, 2025
- Lead Investors: Blackstone
- Purpose: Accelerate AI and HPC focused product scaling and expand global sales operations
2. Grant Funding
- Amount Raised: $584,000
- Date: January 1, 2019
- Lead Investors: European Union
- Purpose: Support R and D initiatives for advanced storage technologies
3. Grant Funding
- Amount Raised: $1.39 million
- Date: January 12, 2018
- Lead Investors: European Union
- Purpose: Research and innovation funding for data intensive technology development
Total Funding Raised: $310 million Latest Funding Date: 2025 Latest Known Valuation: $5 billion
Key Investors
- Blackstone
- Details: Global alternative asset manager investing in technology and infrastructure
- Focus Areas: Enterprise software, storage platforms, infrastructure systems
- ClearLight Partners
- Details: Growth equity and credit focused investment firm
- Focus Areas: Technology expansion, infrastructure, operational scaling
- European Union (Grant Programs)
- Details: Public funding bodies supporting R and D across European technology sectors
- Focus Areas: Research initiatives, advanced computing, and data systems innovation
Where Is DDN’s Headquarters?
DDN is headquartered in Chatsworth, California, United States, serving major defense, media, and enterprise customers with high performance storage needs.
What’s Next for DDN?
DDN plans to expand NVMe scale out systems, enhance AI training pipeline performance, grow global channel partnerships, and deepen hybrid cloud orchestration solutions. The company will continue investing in high throughput storage technologies that support data intensive analytics, simulation, and AI workloads.
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