VAST Data - Misplaced Pages

Artificial intelligence company

VAST Data

Company type	Private
Industry	Computer Software
Founded	January 2016; 8 years ago (2016-01)
Founders	Renen Hallak Shachar Fienblit Jeff Denworth
Key people	Renen Hallak (CEO) Shachar Fienblit (VP R&D) Michael Wing (President)
Number of employees	700 (2023)
Website	vastdata.com

VAST Data is a privately held technology company focused on artificial intelligence (AI) and deep learning computing infrastructure. The company offers a data computing platform to help enterprises and cloud service providers manage and accelerate large-scale data-intensive applications.

History

VAST Data was founded in 2016 by Renen Hallak, the former head of R&D at XtremIO (acquired in 2012 by Dell EMC), Shachar Fienblit, formerly of Kaminario, and Jeff Denworth, formerly of CTERA Networks. Mike Wing, formerly of Dell EMC, serves as company president.

In February 2019, VAST emerged from stealth mode, announcing $80 million of funding and the launch of its data storage software built on a new distributed systems architecture called DASE (Disaggregated and Shared Everything).

VAST ranked No. 5 on the 2022 Deloitte Technology Fast 500 and No. 3 on the 2023 Financial Times list of The Americas’ Fastest-Growing Companies.

In December 2023 VAST announced it had surpassed $1 billion in cumulative software bookings; had surpassed $200 million in annual recurring revenue (ARR); and had maintained positive cash flow for the previous 12 quarters with a gross margin of nearly 90 percent.

In 2024 VAST was included in the Forbes Cloud 100, a list of the top private cloud computing companies, and was named a leader in the Gartner Magic Quadrant for File and Object Storage.

Funding

VAST Data has raised $381million in funding.

In December 2023 VAST announced a Series E funding round led by Fidelity Management and Research Co. that raised $118 million at a valuation of $9.1 billion.

Series	Date	Amount (million $)	Lead Investor(s)
A	2016	15	83North, Norwest
A1	2018	25	Dell Technologies Capital, 83North, Norwest
B	2019	40	Greenfield, 83North, Norwest
C	2020	100	Next47
D	2021	83	Tiger Global Management
E	2023	118	Fidelity Management and Research Co.

Product

The VAST Data Platform enables organizations to store, manage, and process large amounts of structured and unstructured data for AI and deep learning initiatives. The platform comprises several:

VAST DataStore (formerly known as Universal Storage), an unstructured data storage solution
VAST DataBase, a database management system (DBMS) that includes the constructs of a traditional database, data warehouse, and data lake
VAST DataEngine (scheduled to be generally available in 2024), a global function execution engine
VAST DataSpace, a global namespace that permits every location to store, retrieve, and process data
VAST InsightEngine with NVIDIA, a real-time retrieval-augmented generation (RAG) solution

The platform is deployable in on-premises data centers, public clouds, and edge environments, and is delivered as a subscription-based service.