VAST Data
Artificial intelligence company From Wikipedia, the free encyclopedia
VAST Data is a privately held technology company focused on artificial intelligence (AI) and deep learning computing infrastructure.[2][3] The company offers a data computing platform to help enterprises and cloud service providers manage and accelerate large-scale data-intensive applications.[4][5][6]
| |
| Company type | Private |
|---|---|
| Industry | Computer Software |
| Founded | January 2016 |
| Founders |
|
Key people |
|
Number of employees | 700 (2023)[1] |
| Website | vastdata |
History
VAST Data was founded in 2016 by Renen Hallak, the former head of R&D at XtremIO (acquired in 2012 by Dell EMC),[7][8] Shachar Fienblit, formerly of Kaminario, and Jeff Denworth, formerly of CTERA Networks.[9][10] Mike Wing, formerly of Dell EMC, serves as company president.[10][11]
In February 2019, VAST emerged from stealth mode, announcing $80 million of funding and the launch of its data storage software built on a new distributed systems architecture called DASE (Disaggregated and Shared Everything).[12][9]
VAST ranked No. 5 on the 2022 Deloitte Technology Fast 500[13] and No. 3 on the 2023 Financial Times list of The Americas’ Fastest-Growing Companies.
In December 2023 VAST announced it had surpassed $1 billion in cumulative software bookings; had surpassed $200 million in annual recurring revenue (ARR); and had maintained positive cash flow for the previous 12 quarters with a gross margin of nearly 90 percent.[14][15][16][17]
In 2024 VAST was included in the Forbes Cloud 100, a list of the top private cloud computing companies, and was named a leader in the Gartner Magic Quadrant for File and Object Storage Platforms.[18]
Funding
VAST Data has raised $381million in funding.[19]
In December 2023 VAST announced a Series E funding round led by Fidelity Management and Research Co. that raised $118 million at a valuation of $9.1 billion.[20][21][22][23][24]
| Series | Date | Amount (million $) | Lead Investor(s) |
|---|---|---|---|
| A | 2016 | 15 | 83North, Norwest |
| A1 | 2018 | 25 | Dell Technologies Capital, 83North, Norwest |
| B | 2019 | 40 | Greenfield, 83North, Norwest |
| C | 2020 | 100 | Next47 |
| D | 2021 | 83 | Tiger Global Management |
| E | 2023 | 118 | Fidelity Management and Research Co. |
Product
The VAST Data Platform enables organizations to store, manage, and process large amounts of structured and unstructured data for AI and deep learning initiatives. The platform comprises several:[25]
- VAST DataStore (formerly known as Universal Storage), an unstructured data storage solution
- VAST DataBase, a database management system (DBMS) that includes the constructs of a traditional database, data warehouse, and data lake
- VAST DataEngine (scheduled to be generally available in 2025), a global function execution engine
- VAST DataSpace, a global namespace that permits every location to store, retrieve, and process data
- VAST InsightEngine with NVIDIA, a real-time retrieval-augmented generation (RAG) solution[26]
The platform is deployable in on-premises data centers, public clouds, and edge environments, and is delivered as a subscription-based service.[27]
Operations
VAST operates globally with a strong presence in key international markets, including Japan, Singapore, the United Arab Emirates, and Saudi Arabia. VAST is a no-headquarters company with offices in New York City; Durham, North Carolina; Campbell, California; and Yafo, Israel.[10]
VAST partners with several systems technology vendors worldwide, including Arista, Cisco, Equinix, HPE, Lenovo, NVIDIA, and Supermicro.[28][29]
References
External links
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