Home
Loading

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

Get in touch

  • Contact

  • Request a demo

  • Request data updates

  • Add a company

Research

  • Companies

  • Investors

  • People

aVenture

  • Sitemap

  • Feature requests

Member

Backed by

© aVenture Investment Company, 2026. All rights reserved.

San Francisco, CA, USA

Privacy Policy

aVenture Investment Company ("aVenture") is an independent research platform providing detailed analysis and data on startups, venture capital investments, and key industry individuals. It is not a registered investment adviser, broker-dealer, or investment advisor and does not provide investment advice or recommendations. The data provided by aVenture does not constitute recommendations or advice, whether by methodology, analysis, AI-generated content, or a statement written by a staff member of aVenture.

aVenture is not affiliated with any of the people, companies, organizations, government agencies, regulatory bodies, or investment funds we provide coverage for on this site unless explicitly stated otherwise. Users assume full responsibility for decisions made based on information obtained from this platform. Links to external websites do not imply endorsement or affiliation with aVenture. Any links that provide the ability to invest in a primary or secondary transaction in a company are for convenience only and do not constitute solicitations or offers to buy or sell an investment. Investors should exercise heightened precaution and due diligence when investing in private companies, especially those not independently audited.

While we strive to provide valuable insights with objectivity and professional diligence, we cannot guarantee the accuracy of the information provided on our platform. Before making any investment decisions, you should verify the accuracy of all pertinent details for your decision. To the fullest extent permitted by law, aVenture shall not be liable for any direct, indirect, incidental, consequential, or financial damages arising from use of this site, whether by consumers of its contents directly or by persons or organizations covered by our research, even if we are advised of the possibility. Our best-efforts processes and correction request forms do not create a warranty or duty of care.

Profiles on this platform may include content generated in part by large language models (LLMs, artificial intelligence) that aggregate publicly available sources (e.g., SEC EDGAR, public filings, press releases). Source attribution is provided where known; always verify statements and claims here against original sources before relying on any data. Content on our site may contain inaccuracies, omissions, or what are commonly called 'hallucinations' if generated in part or in full by AI / LLMs. The risk can also exist even when content is written by a human, as internal and third-party sources may also have inaccuracies for the same or different reasons. While we randomly audit a proportion of content, this is not exhaustive.

We recommend that an independent auditor be hired to verify the accuracy of the information before relying on it for any sensitive decisions. By accessing this platform, you agree not to rely solely on any information generated by AI, aggregated, or sourced or written otherwise on this site, for investment, financial, or other decisions. aVenture assumes no responsibility for inaccuracies, omissions, or hallucinations. You must independently verify all data from primary sources. Use of this platform constitutes your waiver of claims for reliance-based damages, including negligent misrepresentation. To report an error, request a correction, or dispute information about a company or individual, contact us via our request data updates form.

Loading
Loading
Home
News
This distributed data storage startup wants to take on Big Cloud

From TechCrunch

By Rebecca Bellan

October 9, 2025

This distributed data storage startup wants to take on Big Cloud

This distributed data storage startup wants to take on Big Cloud

The explosion of AI companies has pushed demand for computing power to new extremes, and companies like CoreWeave, Together AI and Lambda Labs have capitalized on that demand, attracting immense amounts of attention and capital for their ability to offer distributed compute capacity.

But most companies still store data with the big three cloud providers, AWS, Google Cloud, and Microsoft Azure, whose storage systems were built to keep data close to their own compute resources, not spread across multiple clouds or regions.

“Modern AI workloads and AI infrastructure are choosing distributed computing instead of big cloud,” Ovais Tariq, co-founder and CEO of Tigris Data, told TechCrunch. “We want to provide the same option for storage, because without storage, compute is nothing.” 

Tigris, founded by the team that developed Uber’s storage platform, is building a network of localized data storage centers that it claims can meet the distributed compute needs of modern AI workloads. The startup’s AI-native storage platform “moves with your compute, [allows] data [to] automatically replicate to where GPUs are, supports billions of small files, and provides low-latency access for training, inference, and agentic workloads,” Tariq said. 

To do all of that, Tigris recently raised a $25 million Series A round that was led by Spark Capital and saw participation from existing investors, which include Andreessen Horowitz, TechCrunch has exclusively learned. The startup is going against the incumbents, who Tariq calls “Big Cloud.”

Ovais Tariq, CEO of Tigris, at a Tigris data center in VirginiaImage Credits:Tigris Data

Tariq feels these incumbents not only offer a more expensive data storage service, but also a less efficient one. AWS, Google Cloud, and Microsoft Azure have historically charged egress fees (dubbed “cloud tax” in the industry) if a customer wants to migrate to another cloud provider, or download and move their data if they want to, say, use a cheaper GPU or train models in different parts of the world simultaneously. Think of it like having to pay your gym extra if you want to stop going there.

According to Batuhan Taskaya, head of engineering at Fal.ai, one of Tigris’ customers, those costs once accounted for the majority of Fal’s cloud spending.

Beyond egress fees, Tariq says there’s still the problem of latency with larger cloud providers. “Egress fees were just one symptom of a deeper problem: centralized storage that can’t keep up with a decentralized, high-speed AI ecosystem,” he said. 

Most of Tigris’ 4,000+ customers are like Fal.ai: generative AI startups building image, video, and voice models, which tend to have large, latency-sensitive datasets.  

“Imagine talking to an AI agent that’s doing local audio,” Tariq said. “You want the lowest latency. You want your compute to be local, close by, and you want your storage to be local, too.” 

Big clouds aren’t optimized for AI workloads, he added. Streaming massive datasets for training or running real-time inference across multiple regions can create latency bottlenecks, slowing model performance. But being able to access localized storage means data is retrieved faster, which means developers can run AI workloads reliably and more cost-effectively using decentralized clouds. 

“Tigris lets us scale our workloads in any cloud by providing access to the same data filesystem from all these places without charging egress,” Fal’s Taskaya said.

There are other reasons why companies want to have data closer to their distributed cloud options. For example, in highly regulated fields like finance and healthcare, one large roadblock to adopting AI tools is that enterprises need to ensure data security.

Another motivation, says Tariq, is that companies increasingly want to own their data, pointing to how Salesforce earlier this year blocked its AI rivals from using Slack data. “Companies are becoming more and more aware of how important the data is, how it’s fueling the LLMs, how it’s fueling the AI,” Tariq said. “They want to be more in control. They don’t want someone else to be in control of it.” 

With the fresh funds, Tigris intends to continue building its data storage centers to support increasing demand — Tariq says the startup has grown 8x every year since its founding in November 2021. Tigris already has three data centers in Virginia, Chicago, and San Jose, and wants to continue expanding in the U.S. as well as in Europe and Asia, specifically in London, Frankfurt, and Singapore.  

View original article on techcrunch.com

Most Recent

Neil Rimer thinks the AI money is coming back out

Neil Rimer thinks the AI money is coming back out

Neil Rimer, the venture capitalist who co-founded Index Ventures, predicts the historic wealth AI is generating in Silicon Valley will have to be redistributed, voluntarily or involuntarily.

Jul 17, 2026

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models for coding.

Jul 17, 2026

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

The potential deal highlights a growing trend of complex, multi-stage funding rounds that mask true entry prices.

Jul 17, 2026

AI-powered travel agency Fora hits unicorn status, raises $60M

AI-powered travel agency Fora hits unicorn status, raises $60M

Travel agency Fora announced a $60 million Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion.

Jul 16, 2026

Similar Posts

GMI Cloud secures $82M in Series A for its GPU cloud infrastructure

GMI Cloud secures $82M in Series A for its GPU cloud infrastructure

The AI boom has spurred massive demand for graphics processing units (GPUs). As many enterprises seek to integrate AI technology into their systems, providers of GPU infrastructure are helping businesses get access to the chips they need. In the latest development, GMI Cloud, a San Jose-based startup that provides GPU cloud infrastructure, has raised an $82 million Series A led by Headline Asia with participation from strategic investors such as Banpu, a Thailand energy firm, and Wistron, a Ta

Oct 29, 2024

AI storage platform Vast Data aimed for $25B valuation in new round, sources say

AI storage platform Vast Data aimed for $25B valuation in new round, sources say

The AI-friendly data storage startup is raising capital at a giant leap in valuation.

Jun 10, 2025

Vast Data lands $118M to grow its data storage platform for AI workloads

Vast Data lands $118M to grow its data storage platform for AI workloads

Vast Data, to make an obvious pun, is raising vast sums of cash. The New York-based startup, which provides a scale-out, unstructured data storage solution designed to eliminate tiered storage (i.e. setups that move data between high- and low-cost storage hardware), today announced that it secured $118 million in a Series E round led by […]

Dec 6, 2023

PointFive snaps up M for breakthrough tech to track usage across multiple clouds

PointFive snaps up M for breakthrough tech to track usage across multiple clouds

Enterprise spending on cloud services continues to go up, up, up — to the tune of $675 billion this year — thanks to organizations’ firm embrace of software-as-a-service, the popularity of distributed working, and the arrival of compute-intensive tech like AI. A startup called PointFive believes it has found a better way to get a grip on that usage, and on Tuesday it announced $20 million in funding from an impressive list of backers to help it square up to the market. New investor Salesforce V

Nov 12, 2024

Most Recent

Neil Rimer thinks the AI money is coming back out

Neil Rimer thinks the AI money is coming back out

Neil Rimer, the venture capitalist who co-founded Index Ventures, predicts the historic wealth AI is generating in Silicon Valley will have to be redistributed, voluntarily or involuntarily.

Jul 17, 2026

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models for coding.

Jul 17, 2026

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

The potential deal highlights a growing trend of complex, multi-stage funding rounds that mask true entry prices.

Jul 17, 2026

AI-powered travel agency Fora hits unicorn status, raises $60M

AI-powered travel agency Fora hits unicorn status, raises $60M

Travel agency Fora announced a $60 million Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion.

Jul 16, 2026

Similar Posts

GMI Cloud secures $82M in Series A for its GPU cloud infrastructure

GMI Cloud secures $82M in Series A for its GPU cloud infrastructure

The AI boom has spurred massive demand for graphics processing units (GPUs). As many enterprises seek to integrate AI technology into their systems, providers of GPU infrastructure are helping businesses get access to the chips they need. In the latest development, GMI Cloud, a San Jose-based startup that provides GPU cloud infrastructure, has raised an $82 million Series A led by Headline Asia with participation from strategic investors such as Banpu, a Thailand energy firm, and Wistron, a Ta

Oct 29, 2024

AI storage platform Vast Data aimed for $25B valuation in new round, sources say

AI storage platform Vast Data aimed for $25B valuation in new round, sources say

The AI-friendly data storage startup is raising capital at a giant leap in valuation.

Jun 10, 2025

Vast Data lands $118M to grow its data storage platform for AI workloads

Vast Data lands $118M to grow its data storage platform for AI workloads

Vast Data, to make an obvious pun, is raising vast sums of cash. The New York-based startup, which provides a scale-out, unstructured data storage solution designed to eliminate tiered storage (i.e. setups that move data between high- and low-cost storage hardware), today announced that it secured $118 million in a Series E round led by […]

Dec 6, 2023

PointFive snaps up M for breakthrough tech to track usage across multiple clouds

PointFive snaps up M for breakthrough tech to track usage across multiple clouds

Enterprise spending on cloud services continues to go up, up, up — to the tune of $675 billion this year — thanks to organizations’ firm embrace of software-as-a-service, the popularity of distributed working, and the arrival of compute-intensive tech like AI. A startup called PointFive believes it has found a better way to get a grip on that usage, and on Tuesday it announced $20 million in funding from an impressive list of backers to help it square up to the market. New investor Salesforce V

Nov 12, 2024