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Generative AI Infrastructure

Generative AI Infrastructure

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Jul 11, 2024

Sharon AI acquires Distributed Storage Solutions to expand GPU cloud compute solutions; appoints new CEO

M&A
Management news

  • Sharon AI, Inc, a high-performance computing (HPC) company, acquired Distributed Storage Solutions Ltd. (DSS), an Australian Filecoin storage provider, for USD 25 million. The consideration was paid in Sharon AI common stock. Additionally, Sharon AI appointed Wolf Schubert as its CEO.

  • The acquisition enables Sharon AI to expand its existing GenAI GPU compute and cloud storage operations, leveraging its management team's experience in energy markets and data center infrastructure. 

  • DSS is one of Australia's largest providers of Filecoin storage services. Filecoin is a decentralized cloud storage network built on the InterPlanetary File System (IPFS) protocol.  

  • Sharon AI offers infrastructure for GenAI inference and training workloads, combining its proprietary compute architecture with chips from NVIDIA and AMD. The company also offers on-demand cloud storage solutions for enterprises. 

  • Meanwhile, Schubert brings over 25 years of experience in US financial markets to his position as Sharon AI’s CEO, having held senior positions at Goldman Sachs, JP Morgan, and other firms.

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