VAST Data Raises $118M in Series E Funding, Valuation Surges to $9.1B

The data storage solution provider for AI workloads is preparing for an IPO and plans to expand its business reach globally.

VAST Data, a New York-based startup that provides a data storage solution for AI workloads, has raised $118 million in a Series E funding round, led by Fidelity Ventures.
The funding round values VAST Data at $9.1 billion post-money, more than double its valuation from two years ago, and brings the startup’s total raised to $381 million.
VAST Data's annual recurring revenue now stands at $200 million, and the company is growing 3.3x year over year.
VAST Data is preparing for an initial public offering (IPO), although the timing will depend on market conditions.
With the new funding, VAST Data plans to expand its business reach, with a focus on Asia Pacific, the Middle East, and Europe.