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

DataDirect Networks Overview

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

United StatesLos Angeles, CA

Website

ddn.com

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

DataDirect Networks valuation by funding round
DateStageValuationRevenue Multiple
Jan 2025Undisclosed stage$5B6.7x

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

DataDirect Networks revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jan 2025$750M$5B6.7xUndisclosed 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

DataDirect Networks funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2025Undisclosed stageBlackstone (lead)$300M$5BDDN, 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

Investors in DataDirect Networks by funding rounds participated
InvestorHQRoundsRoleFirst 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 Trial

Acquisitions 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

IntelliFlash
Nexenta Systems
Tintri
Whamcloud
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 CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
San Jose, CA
San Jose, CA
San Francisco, CA
Los Angeles, CA
Deal Date19 Sep 20196 May 201929 Aug 20181 Jun 2018
Valuationundisclosedundisclosed$60Mundisclosed
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

Subtree
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 CountryUnited Kingdom
HQ City
London
Deal Date7 Feb 2018
RoundSeed
Raised$10M
Investors-
Valuationundisclosed
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.

Public and private companies comparable to DataDirect Networks
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CommVault SystemsUnited StatesUnited StatesPublicly listed$1.2B$84M$6.2B5.0x
CriblUnited StatesSan Francisco, CAPrivate$100M-$3.5B35.0x
QumuloUnited StatesSeattle, WAPrivate--$1.2B-
VAST DataUnited StatesNew York City, NYPrivate$200M-$30B150.0x
Cockroach LabsUnited StatesNew York City, NYPrivate$550M-$5B9.1x
BoxUnited StatesUnited StatesPublicly listed$1.2B$124M$4.8B4.3x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Softcat$2B$246M2.5x2.0x19.6x16.4x
Box$1.2B$124M4.5x4.3x43.0x13.8x
Rigetti$7M($225M)698.5x265.6x(22.0x)(69.4x)
QuantumCTek$46M$6M107.8x111.1x898.9x-
Insight Enterprises$8.2B$417M0.7x0.7x14.2x9.8x
Xunce Technology$192M($15M)21.3x13.4x(264.0x)415.8x
AData Technology Co$1.7B$353M3.1x3.1x14.7x14.7x
InnoDisk$448M$84M8.4x1.8x45.1x3.7x

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.

See companies similar to DataDirect Networks

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial