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Industry
Data Processing & Outsourced Services
Funding
Series E
Team size
510
Revenue
$50M - $100M
Paragraph1: VAST Data has raised a total funding of $341 million over four rounds, which has fueled its rapid growth and innovation. The infusion of capital has enabled significant investments in R&D and market expansion. Each funding round has been a strategic step towards solidifying its market position. The Series E round, in particular, marked a major milestone in its funding journey. Paragraph2: The recent Series E round, amounting to $118 million, was led by Fidelity Management & Research Company with participation from NEA, BOND Capital, Drive Capital, TPG, and Goldman Sachs. This diverse investor base not only provides substantial capital but also strategic insight and industry networks. Their investments align with VAST Data's mission to transform data management for large enterprises. This funding supports both technological innovation and market penetration initiatives. Paragraph3: Key highlights from the funding details include: - Total funding: $341 million over four rounds. - Recent Series E funding: $118 million led by Fidelity Management & Research Company. - Major investors: NEA, BOND Capital, Drive Capital, TPG, and Goldman Sachs. These factors collectively underscore robust financial backing and strategic guidance.
VAST Data offers a unified data platform designed to simplify and centralize data management for enterprise clients. The platform supports scalable, high-performance data processing and is optimized to handle complex data challenges, including AI and deep learning applications.
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