INSUBCONTINENT EXCLUSIVE:
Vast Data, which offers an AI-friendly data storage platform, is in the market to raise a new round at a giant leap in valuation.Earlier
this year, the 9-year-old company was seeking a valuation of around $25 billion, according to a person familiar with the deal
Should it achieve that, it would be a massive jump from its $9 billion Series E valuation secured in December 2023.The deal was not
despite impressive growth
Data offers data management software coupled with unified CPU, GPU, and data hardware from vendors like Supermicro, HPE, and Cisco
Whereas old-school data storage options rely on tiers (low-cost storage options for long-term storage, higher-end options for more
frequently used data), Vast aims to eliminate such tiers
end users.Vast had annual recurring revenue (ARR) of $200 million when it raised its Series E about 18 months ago, A Technology NewsRoom
The company has also been free cash flow positive for four years, Hallak said.On data storage capabilities, Vast competes with 16-year-old
publicly traded Pure Storage that has a market capitalization of nearly $17 billion, and 12-year-old Weka, which last year raised a $140
million round at a $1.6 billion valuation
the company has raised a total of $381 million from investors, including Fidelity Management & Research Company, NEA, BOND Capital, and
