Company:VAST Data

From HandWiki
VAST Data
TypePrivate
IndustryComputer Software
FoundedJanuary 2016; 10 years ago (2016-01)
Founders
  • Renen Hallak
  • Shachar Fienblit
  • Jeff Denworth
  • Alon Horev
Key people
  • Renen Hallak (CEO)
  • Shachar Fienblit (VP R&D)
  • Michael Wing (President)
Number of employees
1,000 (2025)[1]
Websitevastdata.com

VAST Data[2] is a private technology company that develops data platform software for artificial intelligence (AI) and deep learning applications.[3][4] The company develops a data platform that combines storage, database, and distributed computing capabilities.[5][6]

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][12] In 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).[13][9]

VAST ranked No. 5 on the 2022 Deloitte Technology Fast 500[14] and No. 3 on the 2023 Financial Times list of The Americas’ Fastest-Growing Companies.[15] In 2023 VAST surpassed $1 billion in cumulative software bookings and $200 million in annual recurring revenue (ARR).[16][17][18] In 2024 VAST was included in the Forbes Cloud 100 and was named a leader in the Gartner Magic Quadrant for File and Object Storage Platforms.[1]

In 2025 VAST was named to the CNBC Disruptor 50[19] and the Forbes AI 50,[20][21] and reached $2 billion in cumulative software bookings.[22] In April 2026 VAST surpassed $4 billion in cumulative bookings and ended the previous fiscal year with more than $500 million in committed annual recurring revenue (CARR).[23][24] The company also delivered a “Rule of X” score of 228% for the previous fiscal year.[25][26]

VAST partners with several systems technology vendors, including Arista, Cisco, Equinix, HPE, Lenovo, NVIDIA, and Supermicro.[27][28][29]

Funding

In 2016, VAST raised $15 million in Series A funding led by 83North and Norwest Venture Partners. In 2018, the company raised an additional $25 million in a Series A1 round led by Dell Technologies Capital alongside 83North and Norwest Venture Partners. In 2019, VAST secured $40 million in Series B funding led by Greenfield Partners, followed by a $100 million Series C round in 2020 led by Next47. In 2021, the company raised $83 million in Series D funding led by Tiger Global Management that valued the company at $3.7 billion. In 2023, VAST completed a $118 million Series E round led by Fidelity Management and Research Company, raising the company valuation to over $9 billion. In 2026, the company raised approximately $1 billion in Series F financing led by Drive Capital and Access Industries at a new valuation of $30 billion.[30][31]

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.
F 2026 1,000 Drive Capital, Access Industries

Product

The VAST AI Operating System is a data platform that ingests data from distributed sources, applies AI-based metadata enrichment, and supports automated agent-based processing pipelines.[32] It includes several components:

  • VAST DataStore (formerly Universal Storage), an unstructured data storage service
  • VAST DataBase, a database management system (DBMS) that combines features of a traditional database, data warehouse, and data lake
  • VAST DataEngine, a global function execution engine
  • VAST DataSpace, a global namespace that allows each location to store, retrieve, and process data
  • VAST InsightEngine, developed in partnership with NVIDIA, a real-time retrieval-augmented generation (RAG) service[33]
  • VAST AgentEngine, an AI agent deployment and orchestration system
  • VAST SyncEngine, a tool for ingesting, cataloging, and providing access to unstructured data from distributed sources for use in AI applications[34]

The platform can be deployed in on-premises data centers, public clouds, and edge environments, and is offered as a subscription-based service.[35]

References

  1. ↑ 1.0 1.1 "The Cloud 100 2025" (in en). https://www.forbes.com/lists/cloud100/. 
  2. ↑ In Hebrew ווסט דאטה בע"מ, lit. Vast Data LLC
  3. ↑ Mellor, Chris (February 26, 2019). "VAST Data: The first thing we do, let's kill all the hard drives". https://blocksandfiles.com/2019/02/26/vast-datas-extinction-level-event-for-disk-drives-and-tiering/. 
  4. ↑ Miller, Ron (April 16, 2020). "TechCrunch". https://techcrunch.com/2020/04/16/vast-data-lands-100m-series-c-on-1-2b-valuation-to-turn-storage-on-its-head/. 
  5. ↑ Adshead, Antony. "QLC + 3D Xpoint = Vast Data's universal storage". https://www.computerweekly.com/news/252484709/QLC-3D-Xpoint-Vast-Datas-Universal-Storage. 
  6. ↑ Williams, Joe (April 17, 2020). "Business Insider". https://www.businessinsider.com/how-this-data-storage-startup-became-unicorn-amid-the-coronavirus-2020-4. 
  7. ↑ "EMC buys XtremIO for $430m - Globes" (in en). 2012-05-10. https://en.globes.co.il/en/article--1000747655. 
  8. ↑ Kovar, Joseph F. (April 16, 2020). "Renen Hallak Talks Future". https://www.crn.com/slide-shows/storage/vast-data-ceo-renen-hallak-talks-future-finance-and-a-100m-funding-round/9. 
  9. ↑ 9.0 9.1 Wilson, Alexandra (April 16, 2020). "VAST Data Gets $1.2 Billion Valuation, As Researchers Race To Combat COVID-19". https://www.forbes.com/sites/alexandrawilson1/2020/04/16/vast-data-gets-12-billion-valuation-as-researchers-race-to-combat-covid-19/#352a3c9b39e6. 
  10. ↑ 10.0 10.1 Mellor, Chris (February 26, 2019). "VAST Data's business sitrep". https://blocksandfiles.com/2019/02/26/vast-datas-business-sitrep/. 
  11. ↑ "Mike Wing, Vast Data Inc: Profile and Biography" (in en). https://www.bloomberg.com/profile/person/22996955. 
  12. ↑ Onyeagoro, Jennifer (2026-04-27). "VAST Data Hits $30B Valuation as Demand for AI Infrastructure Surges" (in en-US). https://techafricanews.com/2026/04/27/vast-data-hits-30b-valuation-as-demand-for-ai-infrastructure-surges/. 
  13. ↑ Robinson, Daniel (2019-06-05). "VAST Data guarantees no downtime, no data loss" (in en-US). https://blocksandfiles.com/2019/06/05/vast-data-zero-compromise-guarantee/. 
  14. ↑ "2022 Technology Fast 500™ Rankings". https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-22-deloitte-technology-fast-500-ranking-list.pdf. 
  15. ↑ "The Americas’ Fastest-Growing Companies 2023". https://www.ft.com/americas-fastest-growing-companies-2023. 
  16. ↑ "VAST Data closes $118 million Series E, nearly triples valuation to $9.1 billion" (in en). 2023-12-06. https://www.calcalistech.com/ctechnews/article/bjfh5gast. 
  17. ↑ "Genesys Cloud Reaches Nearly $1.3 Billion Annual Recurring Revenue in Third Quarter of Fiscal Year 2024" (in en-us). https://www.genesys.com/company/newsroom/announcements/genesys-cloud-reaches-nearly-1-3-billion-annual-recurring-revenue-in-third-quarter-of-fiscal-year-2024. 
  18. ↑ "Vast Data closes funding round in wake of AWS upgrade" (in en). 2023-12-07. https://www.capacitymedia.com/article/2cju0ldin3p1x9m1se800/news/vast-data-closes-funding-round-in-wake-of-aws-upgrade. 
  19. ↑ staff, CNBC com (2025-06-10). "2025 CNBC Disruptor 50: See the full list of companies leading new era of AI breakthroughs and riches" (in en). https://www.cnbc.com/2025/06/10/2025-cnbc-disruptor-50-see-the-full-list-of-companies.html. 
  20. ↑ "VAST Data | Company Overview & News" (in en). https://www.forbes.com/companies/vast-data/. 
  21. ↑ "VAST Data Named to 2025 Forbes AI 50 List". https://finance.yahoo.com/news/vast-data-named-2025-forbes-130000937.html. 
  22. ↑ Data, VAST. "VAST Data Unveils the Operating System for the Thinking Machine" (in en-US). https://www.vastdata.com/resources/datasheets/the-vast-data-platform-short-overview. 
  23. ↑ "VAST Data confirms $1b raise at $30b valuation | The Jerusalem Post" (in en). 2026-04-23. https://www.jpost.com/business-and-innovation/article-893918. 
  24. ↑ "VAST Data Valued at $30B as AI Drives a New Infrastructure Stack" (in en-US). https://www.hpcwire.com/bigdatawire/this-just-in/vast-data-valued-at-30b-as-ai-drives-a-new-infrastructure-stack/. 
  25. ↑ "VAST Data’s $30B Moment Comes as Its AI Architecture Bet Pays Off | TechArena Content". https://techarena.ai/content/vast-datas-30b-moment-comes-as-its-ai-architecture-bet-pays-off. 
  26. ↑ Sofia, Nurin (2026-04-23). "VAST Data reaches US$30 billion valuation on AI infrastructure demand" (in en-GB). https://www.techedt.com/vast-data-reaches-us30-billion-valuation-on-ai-infrastructure-demand. 
  27. ↑ "VAST Data Valued at $30 Billion as AI Drives a New Infrastructure Stack" (in en). https://markets.businessinsider.com/news/stocks/vast-data-valued-at-30-billion-as-ai-drives-a-new-infrastructure-stack-1036049241. 
  28. ↑ Salamone, Salvatore (2023-10-01). "Real-time Analytics News for the Week Ending September 30" (in en-US). https://www.rtinsights.com/real-time-analytics-news-for-the-week-ending-september-30/. 
  29. ↑ "Distribution underpinning VAST Data’s EMEA expansion plans" (in en). https://www.computerweekly.com/microscope/news/252512879/Distribution-underpinning-VAST-Data-EMEA-expansion-plans. 
  30. ↑ say, Georgia Butler Have your (2026-04-22). "Vast Data secures $1bn in Series F funding at $30bn valuation" (in en). https://www.datacenterdynamics.com/en/news/vast-data-secures-1bn-in-series-f-funding-at-30bn-valuation/. 
  31. ↑ Nicol-Schwarz, Kai (2026-04-22). "Nvidia backs AI company Vast Data at $30 billion valuation" (in en). https://www.cnbc.com/2026/04/22/nvidia-backs-ai-company-vast-data.html. 
  32. ↑ Morgan, Timothy Prickett (2023-08-01). "Vast Data Intentionally Blurs The Line Between Storage And Database - The Next Platform" (in en-US). 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/. 
  33. ↑ "VAST Data Unveils Groundbreaking VAST InsightEngine with NVIDIA to Unlock Insights from All Enterprise Data". https://finance.yahoo.com/news/vast-data-unveils-groundbreaking-vast-150000564.html. 
  34. ↑ "Vast Data's SyncEngine helps AI agents to tap unstructured data from every source" (in en-US). 2025-08-21. https://siliconangle.com/2025/08/21/vast-datas-syncengine-helps-ai-agents-tap-unstructured-data-every-source/. 
  35. ↑ "VAST Data Deep Learning Data Platform - Built for AI" (in en-US). 2023-08-04. https://www.storagereview.com/news/vast-data-deep-learning-data-platform-built-for-ai. 



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