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'{{Infobox company | name = VAST Data | logo = Vast logo.png | logo_size = | image = | image_size = | image_caption = | type = [[Privately held company]] | industry = Computer Software | fate = | foundation = {{start date and age|2016|01}} | founder = {{Unbulleted list | Renen Hallak | Shachar Fienblit | Jeff Denworth}} | area_served = | key_people = Renen Hallak, co-founder and CEO<br>Shachar Fienblit,co-founder and VP R&D<br>Jeff Denworth, co-founder<br>Michael Wing, president | products = | parent = | revenue = | num_employees = | homepage = {{URL|https://vastdata.com/}} }} '''VAST Data''' is a privately held technology company focused on [[Artificial intelligence|artificial intelligence (AI)]] and [[deep learning]] computing infrastructure.<ref name="Mellor">{{cite web |last1=Mellor |first1=Chris |title=VAST Data: The first thing we do, let's kill all the hard drives |url=https://blocksandfiles.com/2019/02/26/vast-datas-extinction-level-event-for-disk-drives-and-tiering/ |website=Blocks and Files |date=February 26, 2019}}</ref><ref name="Miller">{{cite web |last1=Miller |first1=Ron |title=TechCrunch |url=https://techcrunch.com/2020/04/16/vast-data-lands-100m-series-c-on-1-2b-valuation-to-turn-storage-on-its-head/ |website= |date=April 16, 2020}}</ref> Founded in 2016, the company offers a data computing platform that allows users to train [[Artificial intelligence|AI]] models by storing and synthesizing large amounts of unstructured data.<ref name="Coughlin">{{cite web |last1=Coughlin |first1=Tom |title=VAST Storage Dreams |url=https://www.forbes.com/sites/tomcoughlin/2019/03/01/vast-storage-dreams/#54ca126b73da |website=[[Forbes]] |date=March 1, 2019}}</ref><ref name="Adshead">{{cite web |last1=Adshead |first1=Antony |title=QLC + 3D Xpoint = Vast Data's universal storage |url=https://www.computerweekly.com/news/252484709/QLC-3D-Xpoint-Vast-Datas-Universal-Storage |website=[[Computer Weekly]]}}</ref><ref>{{cite web |last1=Williams |first1=Joe |title=Business Insider |url=https://www.businessinsider.com/how-this-data-storage-startup-became-unicorn-amid-the-coronavirus-2020-4 |website= |date=April 17, 2020}}</ref> == History == VAST Data was founded in 2016 by Renen Hallak, the former head of R&D at [[Dell EMC XtremIO|XtremIO]] (acquired in 2012 by [[Dell EMC]]),<ref>{{Cite web |date=2012-05-10 |title=EMC buys XtremIO for $430m - Globes |url=https://en.globes.co.il/en/article--1000747655 |access-date=2023-11-15 |website=en.globes.co.il |language=en}}</ref><ref>{{cite web |last1=Kovar |first1=Joseph F. |title=Renen Hallak Talks Future |url=https://www.crn.com/slide-shows/storage/vast-data-ceo-renen-hallak-talks-future-finance-and-a-100m-funding-round/9 |website=[[CRN (magazine)|CRN]] |date=April 16, 2020}}</ref> Shachar Fienblit, formerly of [[Kaminario]], and Jeff Denworth, formerly of [[CTERA Networks]].<ref name="Wilson"/><ref name="Chris"/> Mike Wing, formerly of Dell EMC, serves as company president.<ref name="Chris">{{cite web |last1=Mellor |first1=Chris |title=VAST Data's business sitrep |url=https://blocksandfiles.com/2019/02/26/vast-datas-business-sitrep/ |website=Blocks and Files |date=February 26, 2019}}</ref><ref>{{Cite web |title=Mike Wing, Vast Data Inc: Profile and Biography |url=https://www.bloomberg.com/profile/person/22996955 |access-date=2023-11-15 |website=Bloomberg.com |language=en}}</ref> In February 2019, VAST emerged from [[stealth mode]], announcing $80 million of funding and the launch of its Universal Storage software built on a [[Distributed computing|distributed systems architecture]] developed by VAST called DASE (Disaggregated and Shared Everything).<ref name=":0">{{Cite web |last=Robinson |first=Daniel |date=2019-06-05 |title=VAST Data guarantees no downtime, no data loss |url=https://blocksandfiles.com/2019/06/05/vast-data-zero-compromise-guarantee/ |access-date=2023-11-15 |website=Blocks and Files |language=en-US}}</ref><ref name="Wilson">{{cite web |last1=Wilson |first1=Alexandra |title=VAST Data Gets $1.2 Billion Valuation, As Researchers Race To Combat COVID-19 |url=https://www.forbes.com/sites/alexandrawilson1/2020/04/16/vast-data-gets-12-billion-valuation-as-researchers-race-to-combat-covid-19/#352a3c9b39e6 |website=[[Forbes]]|date=April 16, 2020}}</ref> A scale-out unstructured data storage solution designed to eliminate [[Hierarchical storage management|tiered storage]], Universal Storage was awarded the 2019 Gold Medal Product of the Year from TechTarget.<ref>{{Cite web |title=Enterprise data storage 2019 Products of the Year finalists {{!}} TechTarget |url=https://www.techtarget.com/searchstorage/feature/Enterprise-data-storage-2019-Products-of-the-Year-finalists |access-date=2023-11-15 |website=Storage |language=en}}</ref> In April 2021, VAST moved to a software licensing model called Gemini that enables customers to separate the hardware purchasing cycle from the software licensing cost.<ref>{{Cite web |date=2021-04-08 |title=VAST Data goes software-only - what does this mean for customers? |url=https://www.architecting.it/blog/vast-data-gemini/ |access-date=2022-02-28 |website=Architecting IT |language=en-GB}}</ref> VAST ranked No. 5 on the 2022 [[Deloitte Technology Fast 500]]<ref>{{Cite web |title=2022 Technology Fast 500™ Rankings |url=https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-22-deloitte-technology-fast-500-ranking-list.pdf |website=deloitte.com}}</ref> and No. 3 on the 2023 [[Financial Times]] list of The Americas’ Fastest-Growing Companies, based on VAST’s fiscal revenue growth from 2018 to 2021.<ref>{{Cite news |date=2023-03-28 |title=FT ranking: The Americas’ Fastest-Growing Companies 2023 |language=en-GB |url=https://www.ft.com/americas-fastest-growing-companies-2023 |access-date=2023-11-15}}</ref> VAST Data also was included in Fast Company’s list of the 10 most innovative companies in data science of 2023, as well as Forbes’s America’s Best Startup Employers.<ref>{{Cite web |last= |first= |title=America's Best Startup Employers 2023 |url=https://www.forbes.com/lists/americas-best-startup-employers/?sh=4d47bb222ad7 |access-date=2023-11-15 |website=Forbes |language=en}}</ref> In April 2023 VAST entered into a partnership with [[Hewlett Packard Enterprise]] to provide software for HPE GreenLake for File Storage.<ref>{{Cite web |title=Vast dips into HPE GreenLake with new file storage service {{!}} TechTarget |url=https://www.techtarget.com/searchstorage/news/365534832/Vast-dips-into-HPE-GreenLake-with-new-file-storage-service |access-date=2023-11-15 |website=Storage |language=en}}</ref> In May 2023 VAST was certified as an [[Nvidia DGX#DGX SuperPod|Nvidia SuperPOD]] data store.<ref>{{Cite web |last=Mellor |first=Chris |date=2023-05-17 |title=VAST Data and Nvidia form SuperPOD squad |url=https://blocksandfiles.com/2023/05/17/vast-data-goes-certifiably-superpodding/ |access-date=2023-11-21 |website=Blocks and Files |language=en-US}}</ref> On August 1, 2023 VAST announced the launch of the VAST Data Platform, which offers storage, database, and compute engine services, and is designed to accelerate AI-enabled research.<ref>{{Cite web |last=Hampton |first=Jaime |date=2023-08-04 |title=Vast Data Boosts AI Infrastructure with New Unified Data Platform |url=https://www.enterpriseai.news/2023/08/04/vast-data-boosts-ai-infrastructure-with-new-unified-data-platform/ |access-date=2023-11-15 |website=EnterpriseAI |language=en-US}}</ref> 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.<ref>{{Cite web |date=2023-12-06 |title=VAST Data closes $118 million Series E, nearly triples valuation to $9.1 billion |url=https://www.calcalistech.com/ctechnews/article/bjfh5gast |access-date=2023-12-20 |website=ctech |language=en}}</ref><ref>{{Cite web |title=Genesys Cloud Reaches Nearly $1.3 Billion Annual Recurring Revenue in Third Quarter of Fiscal Year 2024 |url=https://www.genesys.com/company/newsroom/announcements/genesys-cloud-reaches-nearly-1-3-billion-annual-recurring-revenue-in-third-quarter-of-fiscal-year-2024 |access-date=2023-12-20 |website=Genesys |language=en-us}}</ref><ref>{{Cite web |last=McDowell |first=Steve |title=VAST Data More Than Doubles Valuation to $9.1B in Latest Funding Round |url=https://www.forbes.com/sites/stevemcdowell/2023/12/07/vast-data-doubles-valuation-to-91b-in-latest-funding-round/ |access-date=2023-12-20 |website=Forbes |language=en}}</ref><ref>{{Cite web |date=2023-12-07 |title=Vast Data closes funding round in wake of AWS upgrade |url=https://www.capacitymedia.com/article/2cju0ldin3p1x9m1se800/news/vast-data-closes-funding-round-in-wake-of-aws-upgrade |access-date=2023-12-20 |website=Capacity Media |language=en}}</ref> == Funding == VAST Data has raised $381million in funding.<ref>{{Cite web |last=Wiggers |first=Kyle |date=2023-12-06 |title=Vast Data lands $118M to grow its data storage platform for AI workloads |url=https://techcrunch.com/2023/12/06/vast-data-lands-118m-to-grow-its-data-storage-platform-for-ai-workloads/ |access-date=2024-03-14 |website=TechCrunch |language=en-US}}</ref> On December 6, 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.<ref>{{Cite web |last=Sharma |first=Shubham |date=2023-12-06 |title=AI infrastructure major VAST Data’s valuation surges to over $9B after fresh funding |url=https://venturebeat.com/data-infrastructure/ai-infrastructure-major-vast-datas-valuation-surges-to-over-9b-after-fresh-funding/ |access-date=2023-12-20 |website=VentureBeat |language=en-US}}</ref><ref>{{Cite news |date=2023-06-12 |title=AI data platform VAST Data raises $118m at $9b valuation |language=en |work=Globes |url=https://en.globes.co.il/en/article-ai-data-platform-vast-data-raises-118m-at-9b-valuation-1001464366 |access-date=2023-12-20}}</ref><ref>{{Cite web |date=2023-12-18 |title=CrowdStrike and Optiv Surpass $1 Billion in Sales |url=https://www.wallstreet-online.de/nachricht/17643224-crowdstrike-and-optiv-surpass-1-billion-sales |access-date=2023-12-20 |website=wallstreet-online.de |language=de}}</ref><ref>{{Cite web |last=Wiggers |first=Kyle |date=2023-12-06 |title=Vast Data lands $118M to grow its data storage platform for AI workloads |url=https://techcrunch.com/2023/12/06/vast-data-lands-118m-to-grow-its-data-storage-platform-for-ai-workloads/ |access-date=2023-12-20 |website=TechCrunch |language=en-US}}</ref><ref>{{Cite web |last=Hu and |first=Krystal |title=VAST Data eyes IPO after valuation surges to $9.1 bln in latest fund raise |url=https://www.reuters.com/technology/vast-data-valued-91-bln-after-latest-fund-raise-2023-12-06/ |website=Reuters}}</ref> {| class="wikitable" |'''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 is a unified global datastore, database, and AI computing engine comprising the following features:<ref>{{Cite web |last=Morgan |first=Timothy Prickett |date=2023-08-01 |title=Vast Data Intentionally Blurs The Line Between Storage And Database - The Next Platform |url=https://www.nextplatform.com/2023/08/01/vast-data-intentionally-blurs-the-line-between-storage-and-database/,%20https://www.nextplatform.com/2023/08/01/vast-data-intentionally-blurs-the-line-between-storage-and-database/ |access-date=2023-11-15 |website=www.nextplatform.com |language=en-US}}</ref> * 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 (computer programming)|function]] execution engine * VAST DataSpace, a [[Global Namespace|global namespace]] that permits every location to store, retrieve, and process data The platform is deployable in on-premises data centers, public clouds, and edge and ruggedized environments, and is delivered as a subscription-based service.<ref>{{Cite web |date=2023-08-04 |title=VAST Data Deep Learning Data Platform - Built for AI |url=https://www.storagereview.com/news/vast-data-deep-learning-data-platform-built-for-ai |access-date=2024-01-31 |website=StorageReview.com |language=en-US}}</ref> == Operations == As of February 2022 VAST operates in the United States, Canada, UK, France, Germany, Israel, Turkey, Czech Republic, Middle East, Australia, New Zealand, and Korea, with further expansion planned across EMEA with Benelux, Switzerland, Italy, Spain and the Nordics, and in Asia with Japan.<ref name=":2">{{Cite web |title=Distribution underpinning VAST Data’s EMEA expansion plans |url=https://www.computerweekly.com/microscope/news/252512879/Distribution-underpinning-VAST-Data-EMEA-expansion-plans |access-date=2023-11-15 |website=MicroScope |language=en}}</ref> VAST partners with several distribution partners worldwide, including Carahsoft, Arrow Electronics, Logicom, TechData, Climb Solutions, ASBIS and ASI<ref>{{Cite web |last=Salamone |first=Salvatore |date=2023-10-01 |title=Real-time Analytics News for the Week Ending September 30 |url=https://www.rtinsights.com/real-time-analytics-news-for-the-week-ending-september-30/ |access-date=2023-11-15 |website=RTInsights |language=en-US}}</ref><ref name=":2" /> VAST is a no-headquarters company with offices in New York City; Durham, North Carolina; Campbell, California; and Yafo, Israel.<ref name="Chris" /> == References == <references /> == External links == *[https://vastdata.com/ VAST Data] {{Dell Inc}} {{DEFAULTSORT:Vast Data}} [[Category:Technology companies of the United States]] [[Category:Technology companies of Israel]] [[Category:Computer storage companies]] [[Category:Companies based in New York City]]'