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.
VAST DATA Use of Funds
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.
About VAST DATA
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.
Company: VAST Data Inc.
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