“Korea is the fastest country in the world in terms of technology adoption, with a very strong potential customer base across artificial intelligence (AI), high-performance computing (HPC), and cloud sectors. We aim to create business value through collaboration with Korean corporations in the future.”
David Flynn, founder and chief executive officer (CEO) of Hammer Space, held a press conference on the 8th at the Westin Chosun Hotel in Seoul and explained the reasons for entering the Korean market. He noted, “Korea is the country where Hammer Space has the highest strategic interest in Asia,” adding, “We will achieve long-term growth through continuous investment and the expansion of partnerships in Korea.”
Hammer Space is a global data orchestration company founded in 2018. It is known that global big tech companies, such as Meta and Netflix, are major clients. Data orchestration refers to the technology that efficiently manages a series of processes that extract data from various sources, convert it into an appropriate format, and deliver it to other systems.
Hammer Space's data platform integrates all data into a single parallel file system, automatically placing data close to computational resources and eliminating 'data silos'—the phenomenon where data is stored and managed separately in different departments or systems—regardless of the global site, cloud, or storage, while providing high-performance access to unstructured data.
CEO Flynn emphasized, “Hammer Space removes data silos based on standard parallel file systems and implements a data platform that is instantly accessible to users, applications, and computing clusters anywhere in the world,” stating, “This expands both the agility and scalability needed for data utilization in next-generation workloads such as artificial intelligence (AI) and high-performance computing (HPC) analytics.”
CEO Flynn recently stated that as the need for advanced AI data platforms has grown, Hammer Space’s revenue has also rapidly increased. He explained, “As the demand for data management increased due to the advancement of AI, last year's revenue rose tenfold compared to the previous year,” adding, “The cumulative investment amount has reached $160 million (about 218.6 billion won).”
Hammer Space is establishing a subsidiary in the Asia-Pacific region and is intensifying its push into the Asian market. Following its market entry into Japan in February this year, it entered the Chinese market in March. Korea is the third country in Asia that Hammer Space has expanded into.