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- DataDirect Networks
DataDirect Networks Revenue, Valuation, Funding & Investors
DataDirect Networks is valued at $5B as of January 2025, a 6.7x multiple on its last reported $750M revenue.
Last DataDirect Networks valuation
$5B
Undisclosed stage · Jan 2025
Last DataDirect Networks funding round
$300M
Undisclosed stage · Jan 2025
DataDirect Networks revenue
$750M
Undisclosed stage · Jan 2025
Key investors in DataDirect Networks
About DataDirect Networks
DataDirect Networks, operating as DDN, is a Chatsworth-headquartered leader in high-performance storage for AI and HPC, supporting over 500,000 GPUs worldwide. Its EXAScaler platform delivers 100 PB+ capacity at 100 GB/s throughput for sites like NASA and Lawrence Livermore. Founded in 1998, DDN serves hyperscalers and research labs with hybrid flash systems optimized for TensorFlow and GPU workloads.
Founded
1998
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Revenue
$750M (Jan 2025)
Valuation
$5B (Jan 2025)
DataDirect Networks Valuation
DataDirect Networks is currently valued at $5B, based on its undisclosed-stage round in January 2025.
The $300M round was led by Blackstone.
DataDirect Networks valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2025 | Undisclosed stage | $5B | 6.7x |
DataDirect Networks Revenue
DataDirect Networks' latest recorded revenue is $750M, as of its undisclosed-stage round in January 2025. At a $5B valuation, that implies a 6.7x revenue multiple.
DataDirect Networks revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2025 | $750M | $5B | 6.7x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
DataDirect Networks Funding History
DataDirect Networks has raised a total of $300M across 1 funding round.
DataDirect Networks funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2025 | Undisclosed stage | Blackstone (lead) | $300M | $5B | DDN, formerly DataDirect Networks, is a Chatsworth, California-based company founded in 1998 that provides data storage, management, and AI data intelligence solutions for high-performance computing (HPC) and AI workloads, serving customers in industries like healthcare, autonomous vehicles, life sciences, financial services, and major AI firms including NASA and Nvidia. On January 9, 2025, DDN announced a $300 million strategic growth investment from Blackstone Tactical Opportunities, marking its first external institutional funding after over two decades as a privately held, highly profitable company without prior outside capital. The deal valued DDN at $5 billion post-money, with proceeds earmarked to fuel rapid expansion, accelerate product innovation in AI platforms, grow go-to-market teams, broaden channel partnerships, and scale operations globally to meet surging demand for enterprise AI and HPC infrastructure. The investment positions DDN to capitalize on the AI boom, where its platform enables rapid data ingestion, real-time processing, and faster insight generation for large language models (LLMs), generative AI, retrieval-augmented generation (RAG), predictive analytics, and operational improvements, promising up to 10x returns for customers. Blackstone highlighted DDN's market leadership in high-intensity AI workloads and its role in the digital infrastructure powering the AI revolution. DDN reported record-breaking growth, including 400% increase in AI revenue in 2024, with annual revenues reaching $500 million in 2023 and estimated at $750 million by end-2024, alongside over 11,000 customers and 600+ employees. Industry observers view DDN alongside competitors like VAST Data as a top supplier for AI training and large-scale inferencing, with potential for $1 billion in revenue in 2025. BofA Securities advised DDN on the transaction, and executives emphasized Blackstone's strategic partnership beyond capital, leveraging its expertise to redefine enterprise AI infrastructure and drive historic growth. |
Who has invested in DataDirect Networks?
1 investor has backed DataDirect Networks across its funding rounds, including Blackstone.
Lead investors include Blackstone.
DataDirect Networks Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 DataDirect Networks investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by DataDirect Networks
DataDirect Networks has acquired 4 companies to date.
Last acquisition by DataDirect Networks was on September 19th 2019. DataDirect Networks acquired IntelliFlash for undisclosed valuation.
Latest Acquisitions by DataDirect Networks
| Description | IntelliFlash is a provider of fourth-generation all-flash and hybrid storage arrays designed for data center workloads. Santa Clara-headquartered, it incorporates automation, analytics, and management tools acquired by Western Digital to optimize performance in virtualized environments. | Nexenta Systems is a San Jose-headquartered provider of Open Source-driven Software-Defined Storage solutions. It delivers unified storage management supporting any hardware, protocol, or cloud platform from partners including Cisco, Dell, HP, and VMware. Nexenta enables hybrid cloud deployments for enterprises handling big data, IoT, and virtualized workloads. The company offers consulting and support through its global partner ecosystem. | Tintri is a provider of enterprise-class hyperconverged infrastructure optimized for virtualized workloads and cloud-native applications. The Mountain View-based company's all-flash NVMe storage systems incorporate VM-level analytics, predictive capacity planning, and Open APIs for automation. Acquired by DDN in 2020, Tintri serves service providers and enterprises with software-defined storage for VMware and Kubernetes environments across data centers. | Whamcloud is a provider of enterprise support for the Lustre parallel file system used in high-performance computing environments. The company delivers maintenance, tuning, and integration services for Lustre deployments on Linux clusters with petabyte-scale storage. Lustre powers supercomputers on the TOP500 list, including Frontier at Oak Ridge National Laboratory and Fugaku in Japan. Whamcloud offers professional services for research labs, government agencies, and oil exploration firms, ensuring scalability across GPU-accelerated servers and object storage backends like Amazon S3. |
| HQ Country | ||||
| HQ City | San Jose, CA | San Jose, CA | San Francisco, CA | Los Angeles, CA |
| Deal Date | 19 Sep 2019 | 6 May 2019 | 29 Aug 2018 | 1 Jun 2018 |
| Valuation | undisclosed | undisclosed | $60M | undisclosed |
| EV/Revenue | ||||
| EV/EBITDA | ||||
This data is available for Pro users. Sign up to see all DataDirect Networks acquisitions and their M&A valuation multiples. Start Free Trial | ||||
Investments by DataDirect Networks
DataDirect Networks has invested in 1 company to date.
Latest investment by DataDirect Networks was on February 7th 2018. DataDirect Networks invested in Subtree in their $10M Seed round.
Latest Investments by DataDirect Networks
| Description | Subtree is a UK-based cloud native data management startup founded in 2017 offering dotmesh and dothub products. The company enables software teams to manage data alongside code and infrastructure throughout development lifecycles. Subtree received seed investment led by DDN Storage. |
| HQ Country | |
| HQ City | London |
| Deal Date | 7 Feb 2018 |
| Round | Seed |
| Raised | $10M |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all DataDirect Networks investments and their VC round multiples. Start Free Trial | |
DataDirect Networks Competitors
DataDirect Networks competitors include listed companies like CommVault Systems and Box, and private ones like Cribl, Qumulo, VAST Data and Cockroach Labs.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.2B | $84M | $6.2B | 5.0x | ||
| Private | $100M | - | $3.5B | 35.0x | ||
| Private | - | - | $1.2B | - | ||
| Private | $200M | - | $30B | 150.0x | ||
| Private | $550M | - | $5B | 9.1x | ||
| Publicly listed | $1.2B | $124M | $4.8B | 4.3x |
DataDirect Networks Public Comps
DataDirect Networks is still privately-owned, but its public comps include Softcat, Box, Rigetti, QuantumCTek, Insight Enterprises, Xunce Technology, AData Technology Co, InnoDisk, CommVault Systems and Transcend Information.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2B | $246M | 2.5x | 2.0x | 19.6x | 16.4x | |||
| $1.2B | $124M | 4.5x | 4.3x | 43.0x | 13.8x | |||
| $7M | ($225M) | 698.5x | 265.6x | (22.0x) | (69.4x) | |||
| $46M | $6M | 107.8x | 111.1x | 898.9x | - | |||
| $8.2B | $417M | 0.7x | 0.7x | 14.2x | 9.8x | |||
| $192M | ($15M) | 21.3x | 13.4x | (264.0x) | 415.8x | |||
| $1.7B | $353M | 3.1x | 3.1x | 14.7x | 14.7x | |||
| $448M | $84M | 8.4x | 1.8x | 45.1x | 3.7x | |||
This data is available for Pro users. Sign up to see all DataDirect Networks competitors and their valuation data. Start Free Trial | ||||||||
Common questions about DataDirect Networks
| When was DataDirect Networks founded? | DataDirect Networks was founded in 1998. |
| Where is DataDirect Networks headquartered? | DataDirect Networks is headquartered in Los Angeles, CA, United States. |
| Is DataDirect Networks publicly listed? | No, DataDirect Networks is a private, VC-backed company. |
| What is DataDirect Networks' valuation? | DataDirect Networks was last valued at $5B in its undisclosed-stage round in January 2025. |
| How much funding has DataDirect Networks raised? | DataDirect Networks has raised $300M across 1 funding round. |
| What was DataDirect Networks' last funding round? | DataDirect Networks' last funding round was a $300M undisclosed-stage round in January 2025, led by Blackstone. |
| Who are DataDirect Networks' investors? | DataDirect Networks' investors include Blackstone. |
| What is DataDirect Networks' revenue? | DataDirect Networks' latest recorded revenue is $750M (January 2025). |
| What is DataDirect Networks' revenue multiple? | DataDirect Networks' latest valuation implies a 6.7x revenue multiple ($5B valuation on $750M of revenue). |
| Which companies are comparable to DataDirect Networks? | Companies comparable to DataDirect Networks include CommVault Systems, Cribl, Qumulo, VAST Data, Cockroach Labs and Box. |
| How many companies has DataDirect Networks acquired? | DataDirect Networks has acquired 4 companies, including IntelliFlash, Nexenta Systems, Tintri and Whamcloud. |
| What was the largest acquisition by DataDirect Networks? | The $60M acquisition of Tintri in August 2018 is the largest acquisition DataDirect Networks has made to date. |
| How many companies has DataDirect Networks invested in? | DataDirect Networks has invested in 1 company, including Subtree. |
| What was DataDirect Networks' last investment? | In February 2018, DataDirect Networks invested in Subtree's $10M seed round. |
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