AI storage platform Vast Data aimed for $25B valuation in new round, sources say

There is vast data, which provides a platform for storing intelligent -friendly data, on the market to raise a new round in a giant leap in the evaluation.

Earlier this year, the 9 -year -old company was seeking an evaluation of about $ 25 billion, according to a person familiar with the deal. If this is achieved, it will be a huge jump from the $ 9 billion rating of the E series in December 2023.

This person said that the deal was not completed, and the terms – including its evaluation – may change – adding that the required evaluation was high at the time, despite impressive growth. You tell many VCS and watch other extensive sources.

It does not respond widely to the comment request.

Vasy data provides a data management program associated with the Unified CPU, GPU and data devices data from sellers such as SuperMicro, Hpe and Cisco. While old school data storage options depend on levels (low -cost storage options for long -term storage, high -end options for the most used data), enormously aims to eliminate these levels. It is particularly aimed at storing flash.

Artificial intelligence was a blessing of super works. The company platform stores organized, semi -organized and unorganized data in one place, which speeds up data recovery, he says, reduces the cost of training and exemplary reasoning.

The company’s customers include large institutions such as Pixar, Servicenow and Xai, as well as cloud service providers from the following intelligence such as Coreweave and Lambda, which uses VAST technology to provide storage capabilities for their final users.

The repeated annual revenue (ARR) was $ 200 million when the series E raised about 18 months ago, Techcrunch said. “The company is growing at an altitude of 2.5X to 3X on an annual basis. Halc said that the company was also a free -year -old free cash flow.

In data storage capabilities, enormous competing for 16 -year -old, which costs a 16 -year -old storage capacity of about $ 17 billion, and 12 -year -old Weka, which raised last year a $ 140 million tour of $ 1.6 billion. VAST also develops a competitive database structure with the Databricks Show.

Before the tour is currently working on, the company raised a total of $ 381 million of investors, including Fidelity Management & Research Company, NEA, Bond Capital and Drive Capital.