Vast Data's platform unifies storage, database, and compute engine services, designed to power AI and GPU-accelerated workloads across datacenters and clouds. The company's annual recurring revenue is now at $200 million and it is growing 3.3x year over year. Its customer base includes brands like Pixar and Zoom. The company, which operates on commodity hardware, has over 700 employees worldwide.
Key takeaways:
- Vast Data, a New York-based startup, has secured $118 million in a Series E round led by Fidelity Ventures, raising its total funding to $381 million and valuing the company at $9.1 billion post-money.
- The company provides a scale-out, unstructured data storage solution designed to eliminate tiered storage and is built to power AI and GPU-accelerated workloads across datacenters and clouds.
- Vast's annual recurring revenue now stands at $200 million and the company is growing 3.3x year over year, with a customer base that includes brands like Pixar and Zoom.
- With over 700 employees worldwide, Vast plans to use the new funding to expand its business reach, particularly in Asia Pacific, the Middle East, and Europe.