NetApp announces plans to acquire AI software start-up Peak:AIO
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NetApp, intelligent data infrastructure company, has signed a deal to acquire Manchester, UK-based AI storage start-up Peak:AIO, from venture capital company Pembroke VCT. This will strengthen NetApp's position in the AI infrastructure by combing Peak:AIO's specialised metadata services and parallel namespace innovation with Ontap platform. The deal is subject to customary regulatory approvals and closing conditions.
