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  5. Sharon AI Acquires Distributed Storage Solutions

M&A Deal Summary

Sharon AI Acquires Distributed Storage Solutions

On July 9, 2024, Sharon AI acquired information technology company Distributed Storage Solutions for 25M USD

Acquisition Highlights
  • This is Sharon AI’s 1st transaction in the Information Technology sector.
  • This is Sharon AI’s largest (disclosed) transaction.
  • This is Sharon AI’s 1st transaction in Australia.

M&A Deal Summary
Date 2024-07-09
Target Distributed Storage Solutions
Sector Information Technology
Buyer(s) Sharon AI
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

Distributed Storage Solutions

North Sydney, Australia
Distributed Storage Solutions is a Filecoin storage provider, dedicated to sustainable and robust enterprise-grade data storage infrastructure in the Filecoin Network developed on the IPFS protocol. Distributed Storage Solutions is based in North Sydney, Australia.

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Buyer(S) 1

Buyer

Sharon AI

Sharon, Pennsylvania, United States
Category Company
Sector Information Technology
DESCRIPTION

Sharon AI is a High-Performance Computing (“HPC”) company focused on artificial intelligence (“AI”) GPU Compute Infrastructure, and cloud data storage. Sharon AI is based in Sharon, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
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