AMPD Partners with Lightbits Labs(TM) as their first Cloud Service Provider Partner with the Aim of Developing One of the World’s Fastest High-Performance Storage Systems for the Media & Entertainment Sector
2021-02-16 06:02 PT - News Release
VANCOUVER, BC / ACCESSWIRE / February 16, 2021 / AMPD Ventures Inc. ("AMPD" or the "Company") (CSE:AMPD)(FRA:2Q0) is pleased to announce that it has been selected as the first company to sign a CSP (Cloud Service Provider) agreement with Lightbits Labs Inc. ("Lightbits").
AMPD and Lightbits, in conjunction with Intel® Corporation and utilizing Intel® Optane™ technology, are in the process of developing a new high-performance storage system specifically targeting the needs of the rapidly evolving media and entertainment sector. The system is being designed to be one of the fastest storage systems ever built to run digital media production specific workloads, including animation and visual effects rendering, as well as data capture and storage for the high speed cameras associated with volumetric capture and real-time virtual production.
Founded in 2016, the Lightbits team were key contributors to the development of the new NVMe (Non-Volatile Memory Express) protocol and an originator of NVMe over Fabrics (NVMe-oF™) standards. Lightbits is a key player in helping drive the transition from inefficient Direct-Attached SSD architecture to low-latency shared NVMe flash architecture. As businesses contend with the perpetual growth of data, they need to rethink how data is captured, preserved, accessed, and transformed. Performance, economics, and endurance of data at scale is paramount. NVMe is having a great impact on businesses and what they can do with data.
"As the first Lightbits CSP Partner, AMPD is working directly with engineers from both Lightbits and Intel to architect this next generation digital media storage system based around the NVMe over TCP protocol," said Anthony Brown, CEO at AMPD. "We plan to offer these solutions to customers as part of our High-Performance Cloud service offering, helping them access cutting-edge technology on an opex basis."
"AMPD's High-Performance Computing at the Edge approach to cloud computing is closely aligned with the goals of Lightbits," said Eran Kirzner, Co-Founder and CEO of Lightbits. "Our technology is designed specifically to increase performance and manageability of data. In high-performance media and entertainment environments such as those that AMPD operates, it is crucial that data storage performance keeps up with the high-speed processors being utilized. When thousands of processors are working on a rendering job for example, those servers may be accessing millions of files simultaneously. Traditional storage systems cannot keep up when it comes to serving these platforms effectively."
The global next-generation data storage market size was estimated at USD 65.28 billion in 2020 and is expected to grow at a compound annual growth rate of 12.5% from 2019 to 2025 to reach USD 118.22 billion by 20251.
About Lightbits Labs™
Lightbits Labs' mission is to lead the cloud-native data center transformation by delivering scalable and efficient software defined storage that is easy to consume. Founded in 2016, Lightbits brings the agility of hyperscale storage to private clouds and edge clouds. The company pioneered NVMe/TCP so the solution is easy to deploy at scale, while delivering performance that is similar to local flash. Lightbits Labs is backed by strategic investors including Cisco Investments, Dell Technologies Capital, Intel Capital, and Micron, as well as top investors and VCs including Avigdor Willenz, Lip-Bu Tan, Marius Nacht, SquarePeg Capital, and WRVI Capital.
About AMPD Ventures Inc.
AMPD Ventures Inc. (CSE:AMPD), through its operating subsidiary, AMPD Holdings Corp. (dba "AMPD Technologies"), specializes in providing high-performance cloud and computing solutions for low-latency applications, including video games and eSports, digital animation and visual effects, and big data collection, analysis and visualization.
For further information please contact Investor Relations:
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ir@ampd.tech
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