All posts tagged: 118M

Vast Data lands 8M to grow its data storage platform for AI workloads

Vast Data lands $118M to grow its data storage platform for AI workloads

Vast Data, to make an obvious pun, is raising vast sums of cash. The New York-based startup, which provides a scale-out, unstructured data storage solution designed to eliminate tiered storage (i.e. setups that move data between high- and low-cost storage hardware), today announced that it secured $118 million in a Series E round led by Fidelity Ventures with participation from New Enterprise Associates, BOND Capital, Drive Capital, Nvidia, Dell, Goldman Sachs, Tiger Global, Commonfund, Norwest, 83North, Greenfield and Next47. The round values Vast at $9.1 billion post-money, and brings the startup’s total raised to $381 million. “The explosion of interest in AI and the need for modern infrastructure that can support these workloads in the last year has been a boon for Vast’s business and positions the company for continued growth and adoption with the enterprise,” Vast co-founder and CEO Renen Hallak told TechCrunch in an email interview. “Given the future-proof nature of Vast’s offering, data-driven organizations see Vast as a valuable investment in the future of their business.” Hallak co-founded Vast in 2016 with Jeff …