Total amount raised
$381 Millions
Latest funding date
Location
Title
VAST Data has successfully raised significant funding over multiple rounds, attracting notable investors such as New Enterprise Associates and Fidelity. The company offers a unified data platform that integrates storage, database, and compute capabilities, designed to power AI and deep learning applications.
Keep reading to explore the intricacies of VAST Data's fundraising journey and the investors backing this innovative platform.
What Is VAST Data?
Founded in January 2016, VAST Data is headquartered in New York, New York. The company was established by Alon Horev, Jeff Denworth, Mohd Fairuz Razi bin Sharuddin, Renen Hallak, and Shachar Fienblit.
VAST Data offers a unified data platform that integrates storage, database, and compute capabilities, specifically designed for AI and deep learning applications. Their platform aims to accelerate time-to-insight for workload-intensive applications.
With a workforce of 501-1000 employees, VAST Data continues to innovate in the field of data management, providing scalable performance and simple data management solutions.
How Much Funding Has VAST Data Raised?
- Series A
- Amount Raised: $15M
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core technology and platform.
- Series A
- Amount Raised: $25M
- Date: March 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $40M
- Date: February 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series C
- Amount Raised: $100M
- Date: April 2020
- Lead Investors: Next47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and increase market penetration.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI and deep learning capabilities.
- Series D
- Amount Raised: $83M
- Date: May 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI infrastructure and support rapid growth.
- Series E
- Amount Raised: $118M
- Date: December 2023
- Lead Investors: Fidelity Management & Research Company
- Valuation at Round: $9.1 billion
- Motivation Behind the Round: To centralize data for AI and deep learning applications, and buy back stock from existing shareholders.
VAST Data has raised a total of $381M with a current valuation of $9.1 billion.
Key Investors
- Fidelity Management & Research Company
- Details: Fidelity is a leading global asset management firm known for its investment management and financial planning services. It has a strong presence in both public and private markets.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Tesla, Amazon, Google.
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare sectors. It has a long history of backing successful startups.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Robinhood, Coursera, Duolingo.
- BOND Capital
- Details: BOND Capital is a growth equity firm that invests in technology companies. It focuses on companies that are at the forefront of innovation.
- Investment Focus Areas: Technology, consumer internet.
- Notable Investments: Stripe, Canva, Revolut.
- Drive Capital
- Details: Drive Capital is a venture capital firm that invests in innovative technology companies. It aims to support companies that are transforming industries.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Root Insurance, Duolingo, Olive.
- Norwest Venture Partners
- Details: Norwest Venture Partners is a venture capital and growth equity investment firm. It has a diverse portfolio across various sectors.
- Investment Focus Areas: Technology, healthcare, business services.
- Notable Investments: Uber, Spotify, BlueJeans.
What's Next for VAST Data?
VAST Data stands at the cusp of a transformative era, driven by the surging demand for AI and deep learning infrastructure. With a valuation of $9.1 billion and a robust customer base that includes industry giants like Pixar and Verizon, the company is poised to capitalize on the growing need for scalable, high-performance data solutions. The integration of their platform with Amazon Web Services (AWS) promises significant cost savings, further enhancing their market appeal.
Future fundraising opportunities appear promising, given the strong investor interest demonstrated in the recent Series E round. As VAST Data continues to innovate and expand globally, additional funding could support further technological advancements and market penetration. However, the company must navigate challenges such as maintaining rapid growth, managing global operations, and staying ahead of technological advancements in a competitive landscape.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like VAST Data and gather other critical business insights.
Sign up for free on Clay and start leveraging these powerful tools today.
