VAST Data

Last updated
VAST Data
Company type Private
Industry Computer Software
FoundedJanuary 2016;9 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
825 (2025) [1]
Website vastdata.com

VAST Data is a privately held technology company focused on artificial intelligence (AI) and deep learning computing infrastructure. [2] [3] The company offers a data computing platform to help enterprises and cloud service providers manage and accelerate large-scale data-intensive applications. [4] [5] [6]

Contents

History

VAST Data was founded in 2016 by Renen Hallak, the former head of R&D at XtremIO (acquired in 2012 by Dell EMC), [7] [8] Shachar Fienblit, formerly of Kaminario, and Jeff Denworth, formerly of CTERA Networks. [9] [10] Mike Wing, formerly of Dell EMC, serves as company president. [10] [11]

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). [12] [9]

VAST ranked No. 5 on the 2022 Deloitte Technology Fast 500 [13] 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). [14] [15] [16] [17]

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 Platforms. [18]

In 2025, VAST Data was named to the Forbes AI 50. [19]

In 2025, TechCrunch reported that VAST Data is raising a new round of capital and seeking at $25 billion valuation. [20]

Funding

VAST Data has raised $381 million in funding. [21]

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. [22] [23] [24] [25] [26]

SeriesDateAmount (million $)Lead Investor(s)
A20161583North, Norwest
A1201825Dell Technologies Capital, 83North, Norwest
B201940Greenfield, 83North, Norwest
C2020100Next47
D202183Tiger Global Management
E2023118Fidelity 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: [27]

The platform is deployable in on-premises data centers, public clouds, and edge environments, and is delivered as a subscription-based service. [29]

Operations

VAST operates globally with a strong presence in key international markets, including Japan, Singapore, the United Arab Emirates, and Saudi Arabia. VAST is a no-headquarters company with offices in New York City; Campbell, California; Durham, North Carolina; Tel-Aviv; Tokyo, Riyadh; Singapore; and Dubai. [10]

VAST partners with several systems technology vendors worldwide, including Arista, Cisco, Equinix, HPE, Lenovo, NVIDIA, and Supermicro. [30] [31]

References

  1. "VAST Data | Company Overview & News". Forbes. Retrieved 2025-05-13.
  2. Mellor, Chris (February 26, 2019). "VAST Data: The first thing we do, let's kill all the hard drives". Blocks and Files.
  3. Miller, Ron (April 16, 2020). "TechCrunch".
  4. Coughlin, Tom (March 1, 2019). "VAST Storage Dreams". Forbes .
  5. Adshead, Antony. "QLC + 3D Xpoint = Vast Data's universal storage". Computer Weekly .
  6. Williams, Joe (April 17, 2020). "Business Insider".
  7. "EMC buys XtremIO for $430m - Globes". en.globes.co.il. 2012-05-10. Retrieved 2023-11-15.
  8. Kovar, Joseph F. (April 16, 2020). "Renen Hallak Talks Future". CRN .
  9. 1 2 Wilson, Alexandra (April 16, 2020). "VAST Data Gets $1.2 Billion Valuation, As Researchers Race To Combat COVID-19". Forbes .
  10. 1 2 3 Mellor, Chris (February 26, 2019). "VAST Data's business sitrep". Blocks and Files.
  11. "Mike Wing, Vast Data Inc: Profile and Biography". Bloomberg.com. Retrieved 2023-11-15.
  12. Robinson, Daniel (2019-06-05). "VAST Data guarantees no downtime, no data loss". Blocks and Files. Retrieved 2023-11-15.
  13. "2022 Technology Fast 500™ Rankings" (PDF). deloitte.com.
  14. "VAST Data closes $118 million Series E, nearly triples valuation to $9.1 billion". ctech. 2023-12-06. Retrieved 2023-12-20.
  15. "Genesys Cloud Reaches Nearly $1.3 Billion Annual Recurring Revenue in Third Quarter of Fiscal Year 2024". Genesys. Retrieved 2023-12-20.
  16. McDowell, Steve. "VAST Data More Than Doubles Valuation to $9.1B in Latest Funding Round". Forbes. Retrieved 2023-12-20.
  17. "Vast Data closes funding round in wake of AWS upgrade". Capacity Media. 2023-12-07. Retrieved 2023-12-20.
  18. KONRAD", "KENRICK CAI"," ALEX. "Forbes Cloud 100 2024 List - Best Cloud Computing Companies Ranked". Forbes. Retrieved 2024-11-14.{{cite web}}: CS1 maint: multiple names: authors list (link)
  19. "Forbes List Directory". Forbes. Retrieved 2025-05-13.
  20. Temkin, Marina (2025-06-10). "Exclusive: AI storage platform Vast Data aimed for $25B valuation in new round, sources say". TechCrunch. Retrieved 2025-06-11.
  21. Wiggers, Kyle (2023-12-06). "Vast Data lands $118M to grow its data storage platform for AI workloads". TechCrunch. Retrieved 2024-03-14.
  22. Sharma, Shubham (2023-12-06). "AI infrastructure major VAST Data's valuation surges to over $9B after fresh funding". VentureBeat. Retrieved 2023-12-20.
  23. "AI data platform VAST Data raises $118m at $9b valuation". Globes. 2023-06-12. Retrieved 2023-12-20.
  24. "CrowdStrike and Optiv Surpass $1 Billion in Sales". wallstreet-online.de (in German). 2023-12-18. Retrieved 2023-12-20.
  25. Wiggers, Kyle (2023-12-06). "Vast Data lands $118M to grow its data storage platform for AI workloads". TechCrunch. Retrieved 2023-12-20.
  26. Hu and, Krystal. "VAST Data eyes IPO after valuation surges to $9.1 bln in latest fund raise". Reuters.
  27. Morgan, Timothy Prickett (2023-08-01). "Vast Data Intentionally Blurs The Line Between Storage And Database - The Next Platform". www.nextplatform.com. Retrieved 2023-11-15.
  28. Kimball, Matt. "VAST Data Deepens Its AI Enablement With InsightEngine". Forbes. Retrieved 2024-11-14.
  29. "VAST Data Deep Learning Data Platform - Built for AI". StorageReview.com. 2023-08-04. Retrieved 2024-01-31.
  30. Salamone, Salvatore (2023-10-01). "Real-time Analytics News for the Week Ending September 30". RTInsights. Retrieved 2023-11-15.
  31. "Distribution underpinning VAST Data's EMEA expansion plans". MicroScope. Retrieved 2023-11-15.