TMCnet News
Bitfusion Welcomes Samsung as a Strategic InvestorSUNNYVALE, Calif., June 12, 2018 (GLOBE NEWSWIRE) -- Bitfusion, the Elastic AI Software Platform, today announced that Samsung Ventures has made a strategic investment in Bitfusion and joined its board. “Bitfusion Elastic Platform is a unique solution that can offer flexibility as well as Opex and Capex savings for deploying artificial intelligence (AI) and machine learning workloads. It also maximizes utilization and performance metrics across heterogeneous GPU clusters,” said Thomas Jueng, investment director in Samsung Venture Investment Corporation. “We are delighted to welcome Samsung to the Bitfusion Board,” said Michael Zimmerman, Bitfusion CEO. “Bitfusion is offering companies a way to make efficient use of their GPU servers across their organizations – maximizing resources and reducing costs. With the support of a key AI industry player such as Samsung, we see a unique opportunity for deployingand optimizing our AI attached network software for wide use in the private and public clouds.” About Samsung Venture Investment Corporation: About Bitfusion Bitfusion Media Contact: [email protected] Samsung is a registered trademark of Samsung, Inc. in the United States and other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective companies. |