What is VAST Data?
VAST Data is a next-generation storage company that has developed a computer software data storage platform designed to deliver flash storage cost-effectively. Founded in 2016 by Renen Hallak, Shachar Fienblit, and Jeff Denworth, the New York-based company is simplifying the data center and redefining how organizations interact with data through its Universal Storage concept. The company's innovative approach aims to address the escalating demands for high-performance data access and management in modern enterprises.
How much funding has VAST Data raised?
VAST Data has raised a total of $1.3B across 5 funding rounds:
Series B
$40M
Series C
$100M
Series D
$83M
Series E
$118M
Series F
$1B
Series B (2019): $40M with participation from TPG, Norwest Venture Partners, Goldman Sachs, and Dell Technologies Capital
Series C (2020): $100M led by Greenfield Partners, 83North, Norwest Venture Partners, Commonfund Capital, Dell, Mellanox Capital, Goldman Sachs, and Next47
Series D (2021): $83M supported by Tiger Global Management
Series E (2023): $118M featuring Drive Capital, New Enterprise Associates, and Fidelity Investments
Series F (2026): $1B backed by Access Industries, New Enterprise Associates, NVIDIA, Drive Capital, and Fidelity Investments
Key Investors in VAST Data
Access Industries
Access Industries is a privately-held industrial conglomerate that makes strategic investments globally, focusing on developing market leaders through long-term value creation across diverse sectors including technology.
New Enterprise Associates
New Enterprise Associates (NEA) is a venture capital firm focused on helping entrepreneurs build businesses, with a history of investing in technology and growth-stage companies.
Drive Capital
Drive Capital is a venture capital firm that invests in founders creating next-generation market-defining companies, providing capital and support to drive growth from idea to IPO.
What's next for VAST Data?
With its latest major strategic investment, VAST Data is poised for accelerated expansion and further innovation in the data center infrastructure market. The significant capital infusion, totaling $1.3B, indicates a strong market validation and provides the resources necessary to scale operations, enhance its product offerings, and potentially explore new market segments. This funding will likely fuel advancements in its Universal Storage platform, enabling VAST Data to solidify its position as a leader in providing cost-effective, high-performance flash storage solutions.
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