VAST Data engages in developing data infrastructure technologies, with a focus on applications in AI. VAST Data offers a range of products for AI and deep learning, including VAST DataStore for scalable unstructured data storage, VAST DataSpace for global cloud data access, VAST DataBase, which combines database, data warehouse, and data lake features, and the upcoming solution, VAST DataEngine, for advanced data computing.
The company's approach emphasizes innovation in storage solutions for AI applications with an aim to streamline traditional data management techniques through its technology and services. The company's primary offering, VAST Data Platform, was introduced in 2019, with the first module announced being the VAST DataStore, a scalable unstructured data storage solution, designed to eliminate tiered storage.
VAST DataSpace, launched in 2023, offers global data access across various cloud platforms and allows data computation from public, private, or edge cloud platforms, while VAST DataBase combines the features of a traditional database, a data warehouse, and a data lake, offering transactional and analytical performance at large scales. It's built for rapid data capture and quick queries.
Key customers and partnerships
As of November 2023, VAST Data claimed the following notable organizations among its customer base; this included global businesses like Verizon, Zoom, Pixar, Agoda, and Allen Institute, as well as NASA, the US Air Force, and the Department of Defense.
The company also partnered with certain data infrastructure solution vendors and other technology partners as of November 2023, such as Splunk, Run:AI, Veeam, NVIDIA, and Lenovo, to expand its product’s reach and reliability.
Funding and financials
VAST raised USD 118 million in December 2023 in a Series E funding round led by Fidelity Management and Research at a valuation of USD 9.1 billion, nearly triple that seen during its previous funding. The funds from the investment were funneled into expanding headcount in the company’s research and development divisions. The company also reported cumulative software bookings surpassing USD 1 billion in Q3 2023.
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