Hammerspace, a San Mateo, CA-based data management platform provider, has raised $100 million at a $500 million+ valuation.
Investors
The round was backed by Altimeter Capital and ARK Invest, with support from other strategic investors.
Founded in 2008, Altimeter Capital is an investment firm focused on technology investments in public and private markets. The firm is headquartered in Boston, Massachusetts, with a secondary office in Menlo Park, California.
ARK Invest is an investment management firm founded in 2014. Based in St. Petersburg, Florida, ARK specializes in thematic investing, focusing on disruptive innovations across various sectors.
Hammerspace Use of Funds
The company will use the funds to expand its sales and marketing efforts.
About Hammerspace
Hammerspace is a data orchestration and management software company that provides a platform designed to unify and manage unstructured data across diverse environments — including on-premises data centers, public clouds (like AWS, Azure, and Google Cloud), and edge locations. Its platform enables organizations to access and manage vast amounts of data, regardless of location, while ensuring efficiency and reducing idle time. Founded in 2018 and headquartered in San Mateo, California, Hammerspace serves major organizations such as Meta and the Department of Defense.
Funding Details
Company: Hammerspace, Inc.
Raised: $100.0M
Round: Strategic Venture Round
Funding Date: April 2025
Investors: Altimeter Capital, ARK Invest
Company Website: https://hammerspace.com/
Software Category: Data Orchestration, AI Data Management
Source: https://techcrunch.com/2025/04/16/hammerspace-an-unstructured-data-wrangler-100m