VAST Data joined the Unicorn Club on April 16, 2020, after its $100 million Series C round valued the company at $1.2 billion. Based in New York City, United States, VAST Data builds a data platform engineered for AI, deep learning, and other workload-heavy applications. The company helps enterprises manage massive datasets, accelerate analysis, and reduce infrastructure complexity across diverse environments.
Keep reading to see how VAST Data became one of the most valuable enterprise storage companies in the world.
What Is VAST Data and What Does It Do?
Founded in 2016, VAST Data provides a unified data platform designed for AI-driven workloads. Its architecture supports everything from GPU-powered deep learning models to large-scale analytics pipelines. The system integrates storage, data management, and compute-aware intelligence to handle intensive workloads more efficiently.
The company’s software supports RDBMS, Hadoop environments, and modern distributed applications. Enterprises use VAST Data to improve time-to-insight, streamline data processing, and scale their AI initiatives across both on-premise and cloud setups.
How Much Funding Has VAST Data Raised?
1. Series C Round
- Amount Raised: $100 million
- Date: April 16, 2020
- Valuation: $1.2 billion
- Lead Investor: Next47
- Purpose: Strengthen global operations, expand product capabilities for AI workloads
2. Earlier Rounds (Seed to Series B)
- Cumulative Funding: ~$123 million
- Key Investors: Fidelity Investments, Bond Capital
- Purpose: Product development, data-platform engineering, go-to-market expansion
Total Funding Raised: ~$341 million
Latest Funding Date: December 04, 2023
Latest Known Valuation: ~$25 billion
Employee Count: 201–500 (as of July 01, 2024)
Key Investors
- Fidelity Investments
- Details: Global investment management firm backing category-defining technology companies across growth stages.
- Focus Areas: Enterprise software, infrastructure, AI platforms, and data technologies.\
- Bond Capital
- Details: Investment firm focused on high-growth tech companies with substantial product velocity and long-term defensibility.
- Focus Areas: Cloud infrastructure, AI, data platforms, and enterprise technology.
Where Is VAST Data’s Headquarters?
VAST Data is headquartered in New York City, New York, United States, where teams work on platform engineering, enterprise storage architecture, AI-focused data solutions, and customer deployment support.
What’s Next for VAST Data?
VAST Data is expected to expand its AI-native data platform, strengthen cloud-integrated storage capabilities, and deepen partnerships across the GPU computing ecosystem. As enterprises move toward large-scale AI models, the company aims to become a foundational layer for high-performance data management worldwide.
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