Netweb Technologies India Limited announced the launch of Tyrone ParallelStor Velox, a unified data platform capable of handling parallel file system demands, on Wednesday. The new product addresses the increasing data throughput gap in artificial intelligence (AI) and high-performance computing, a pressing challenge in modern data infrastructure.
According to the Faridabad-based firm, the platform is crafted to alleviate a critical constraint in AI operations—namely, that data-hungry GPU clusters often lack adequate data supply despite sufficient computational power.
Velox consolidates various storage types—flash, disk, tape, and cloud—into a single global namespace. It supports multi-protocol access, which includes POSIX, NFS, SMB, S3/Swift, and Hadoop, allowing the same dataset to be used across different protocols.
Notable technical features of the platform include compatibility with NVIDIA GPUDirect Storage, enabling direct data transfers between storage and GPU memory without involving the CPU. This significantly reduces latency for AI model training tasks. The platform also provides automated data tiering and policy-driven lifecycle management.
Netweb is marketing Velox to various sectors, including AI research, government, and banking and financial services, with a particular focus on sovereign data infrastructure—a growing priority for Indian public sector and defense-related applications. The company emphasized that the product is developed in India.
“AI infrastructure is only as effective as the data layer behind it,” stated Swastik Chakraborty, VP at Netweb Technologies, highlighting that fragmented storage systems often underutilize costly computational resources.
As of 11:27 AM on Wednesday, NETWEB shares were trading at ₹4,030.80 on the NSE, reflecting a rise of 0.71 percent from the previous closing price of ₹4,002.20. Over the past year, the stock boasts a 177 percent return, significantly outperforming the Nifty 500 index, which has increased by approximately 4 percent during the same time frame. The company currently has a trailing P/E ratio of 127.87, with a total market capitalization around ₹22,963 crore.
Published on April 29, 2026.
