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2023-12-07 10:47:28
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Vast Data Raises $118 Million to Expand AI Workload Data Storage Platform
New York-based startup Vast Data successfully completed $118 million in Series E funding, reaching a valuation of $9.1 billion. Vast Data offers unstructured data storage solutions targeted at artificial intelligence and machine learning workloads. The funding will be used to expand operations, with a focus on the Asia-Pacific, Middle East, and European regions. The founding team stated that Vast Data's business is thriving, with an annual recurring revenue of $200 million, and its client base includes well-known brands such as Pixar and Zoom.