Israeli data storage startup, VAST Data, secured $118 million in Series E funding at a valuation of $9.1 billion. The round was led by Fidelity Management & Research Company and joined by New Enterprise Associates (NEA), BOND Capital, and Drive Capital.
VAST Data’s platform integrates storage, database, and compute engine services, enabling organizations to process both structured and unstructured data effectively, proven pivotal in generating deeper insights and unlocking new value across various sectors.
VAST Data serves in the new AI data stack, capable of organizing high-quality data efficiently for impactful AI and deep learning applications, as well as the burgeoning AI GPU market.
2023 marked a notable year for the startup, surpassing $1 billion in cumulative software bookings, reflecting the growing trust in VAST Data across diverse industries, with a client roster including Booking Holdings, the US Air Force, and Pixar.
The company's efforts in AI cloud infrastructure have been recognized through strategic partnerships with CoreWeave, Lambda, and Core42. Additionally, VAST Data’s collaboration with NVIDIA and HPE has furthered its mission to simplify large-scale AI deployments and manage unstructured data efficiently.
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With over 700 employees, the latest round brings their total funding to $381 million. Their last round closed in 2021; $83 million Series D at a $3.7 billion valuation.
