# Hammerspace

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hammerspace

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.hammerspace.com
- Total disclosed funding: $157M
- Latest round: Series B (Apr 16, 2025)
- Investors on record: 4

## About

Based in California, US, and founded in 2018, Hammerspace, Inc. provides cloud-based software used in data management. As of 2023, the company is headed by its CEO David Flynn. In July 2023, the firm raised USD 56 million in venture funding led by investor Prosperity7 Ventures, with participation from investors Ark Investment Advisors and Pier 88 Investment Partners. In April 2025, Hammerspace, Inc. raised USD 100 million in series B funding led by new investor Altimeter Capital, with participation from returning investor Ark Invest. Other unspecified investors also participated in the round. The company offers a software solution for data management that connects global users with their data and applications. The solution range of the firm includes electronic design automation, game development, high-performance computing, life sciences and healthcare, hybrid cloud, distributed workforce, burst for computers, artificial intelligence, and many more.  The company plans to use the April 2025 funding to expand its global operations, scale its data orchestration platform, and support growing demand from AI-driven workloads.

## Funding rounds

- Series B, Apr 16, 2025, $100M — Altimeter Capital, Ark Invest
- Series A, Jul 18, 2023, $57M — Aramco Ventures, Pier 88 Investment Partners, Ark Invest

## Investors

- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series A
- Pier 88 Investment Partners (https://capitalatlas.ai/funds/pier-88-investment-partners) — Series A
- Ark Invest (https://capitalatlas.ai/funds/ark-invest) — Series A, Series B
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series B