Wasabi Technologies, a data storage business located in Boston, acquired Curio AI, a machine learning platform, from GrayMeta, a supplier of metadata solutions, in a calculated move. The acquisition intends to improve Wasabi’s cloud storage solution by incorporating Curio’s machine learning capabilities, while the precise financial terms are yet unknown. With its ground-breaking approach to effectively handling enormous volumes of material, this breakthrough has enormous potential for the media and entertainment sectors.
Wasabi and Curio AI: The Power Couple
Wasabi provides an all-purpose cloud object storage solution. It is well-known for its “hot cloud storage” service. Wasabi’s purchase of Curio AI positioned it to improve data accessibility, particularly for the media and entertainment sector. Wasabi has approximately 40,000 business clients and 13 storage regions internationally. The partnership makes use of Curio AI’s machine acquiring expertise to improve the searchability and usability of stuff kept in archives.
Overcoming a Monetization Obstacle
Over 500 hours of video are posted to YouTube every minute in the fast-paced world of content creation, making it difficult to effectively monetize the vast amount of media material. This challenge is solved by Curio AI, an API-first machine learning platform that creates rich information from scripts, documents, audio, video, and storage. This gives consumers the ability to quickly and precisely search for certain media segments, allowing them to extract value from archives.
Intelligent Storage’s Future
Although Wasabi and Curio have been integrated since 2019, the purchase represents a shift toward a more natural search and discovery experience driven by AI within the storage layer itself. When it launches in the spring of 2024, the future intelligent storage product is expected to be a revolutionary for the sector. According to Wasabi CEO David Friend, this is the biggest advancement in storage since object storage was created, offering simplicity, speed, dependability, and affordability.
Wasabi’s strategic purchase of Curio AI positions the business as a major participant in offering cutting-edge solutions for managing and extracting value from the constantly growing volume of data, particularly in light of the tremendous growth the global cloud storage industry is expected to see. The media and entertainment sector’s use of intelligent storage is expected to change as a result of this partnership.
