VAST DATA Raises $118 Million in Series E

VAST DATA Raises $118 Million in Series E

VAST Data, an AI data platform company, has secured $118 million in Series E funding at a $9.1 billion valuation.

The round was led by Fidelity Management & Research Company, with participation from New Enterprise Associates (NEA), BOND Capital, and Drive Capital.

Fidelity Management & Research Company is a financial services firm that specializes in retirement, investments, online trading, and asset management. The Company manages equity, fixed-income, and balanced mutual funds. Fidelity Management & Research operates in the United States.

The company will use the funding to support its mission to deliver a new category of infrastructure that centralizes data in how systems think, react, and discover.

VAST DATA is a data platform company for the AI era. The VAST Data Platform unifies storage, database, and containerized compute engine services into a single, scalable software platform designed to power AI and GPU-accelerated tools in modern data centers and clouds. The platform enables organizations to understand all data, both structured and unstructured, to generate superior insights and unlock new value.

Funding Details

Company: VAST Data Inc.

Raised: $118.0M

Round: Series E

Funding Month: December 2023

Lead Investors: Fidelity Management & Research Company

Additional Investors: New Enterprise Associates (NEA), BOND Capital, and Drive Capital

Company Website: https://vastdata.com/

Software Category: Data Platform