VAST Data Revenue, Valuation, Funding & Investors

VAST Data is valued at $30B as of March 2026.

Last VAST Data valuation

$30B

Series F · Mar 2026

Last VAST Data funding round

$1B

Series F · Mar 2026

VAST Data revenue

$200M

Series F · Mar 2026

Key investors in VAST Data

  • Norwest
  • 83North
  • Dell Technologies Capital
  • Goldman Sachs
  • The Syndicate Group
  • N47

VAST Data Overview

About VAST Data

VAST Data is a New York-headquartered software-defined storage provider powering AI workloads with its exabyte-scale platform across flash, HDD, and cloud tiers. Launched in 2019, it unifies block, file, and object protocols with hardware-agnostic architecture, serving media conglomerates and semiconductor firms. The platform integrates with NVIDIA DGX systems for petabyte-scale datasets in genomics and autonomous vehicle training, achieving sub-millisecond latencies.


Founded

2016

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$200M (Mar 2026)

Valuation

$30B (Mar 2026)

VAST Data Valuation

VAST Data is currently valued at $30B, based on its Series F in March 2026.

VAST Data's valuation has grown 25x from $1.2B at its Series C in April 2020 to $30B in March 2026, across 4 priced rounds.

VAST Data valuation by funding round

Revenue multiple
VAST Data valuation by funding round
DateStageValuationRevenue Multiple
Mar 2026Series F$30B150.0x
Dec 2023Series E$9.1B45.5x
May 2021Series D$3.7B37.0x
Apr 2020Series C$1.2B-

VAST Data Revenue

VAST Data's latest recorded revenue is $200M, as of its Series F in March 2026.

Revenue grew from $100M in May 2021 to $200M in March 2026.

VAST Data revenue by funding round

VAST Data revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Mar 2026$200M$30B150.0xSeries F
Dec 2023$200M$9.1B45.5xSeries E
May 2021$100M$3.7B37.0xSeries D

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

VAST Data Funding History

VAST Data has raised a total of $1.4B across 7 funding rounds, plus 1 secondary share sale.

VAST Data's first fundraising round was a $15M Series A in January 2016. The most recent completed round was a $1B Series F in March 2026.

VAST Data funding rounds

VAST Data funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2026Secondary-$500M--
Mar 2026Series F-$1B$30B-
Dec 2023Series EFidelity (lead); New Enterprise Associates; Drive Capital; Bond$118M$9.1BVAST Data is an AI data platform company providing a storage platform optimized for AI workloads across datacenters and clouds, enabling management of structured and unstructured data for insights and deep learning applications. The company secured a $118 million Series E funding round in December 2023, led by Fidelity Management & Research Company, with participation from New Enterprise Associates (NEA), BOND Capital, and Drive Capital. This round valued the company at $9.1 billion post-money, more than doubling from its prior $3.7 billion valuation in 2021's Series D. At the time of the Series E, VAST Data reported an annual recurring revenue (ARR) run rate of $200 million. The company had achieved over $1 billion in cumulative software bookings by the end of its fiscal year third quarter, reflecting a 3.3x year-over-year growth rate, and maintained positive cash flow for 12 consecutive quarters. Proceeds from the round were partly used for stock buybacks from existing shareholders. VAST Data's platform supports AI capabilities for customers like Pixar, enabling use of petabytes of data for training AI applications. Investors highlighted its pioneering role in the AI GPU space amid surging demand for AI infrastructure. The round represented about 2% dilution based on the valuation. Key backers across rounds include Nvidia, Dell Technologies Capital, Goldman Sachs, Tiger Global, and others, with total funding reaching around $380 million by late 2023. Subsequent developments included a much larger Series F round in March 2026 at $30 billion valuation, but the 2023 round matches the specified investors and approximate date.
May 2021Series DTiger Global (lead); NVIDIA; N47; Norwest; Goldman Sachs; Mellanox Capital; Greenfield Partners; 83North; Common Fund; Phoenix Financial; Dell Technologies Capital; The Syndicate Group$83M$3.7BVAST Data is a storage software company that breaks traditional tradeoffs in data storage, offering a platform that unifies storage, database, and compute services, positioned to power AI and GPU-accelerated tools in cloud and data centers. Founded by Israeli entrepreneurs Renen Hallak and Shachar Fienblit, it achieved rapid customer adoption, cash flow positivity, and strong metrics like 328% Net Dollar Retention and 342% Rule of 40, indicating 4x year-over-year growth without burning cash. The company closed an $83 million Series D funding round on May 4, 2021, led by Tiger Global Management with participation from NVIDIA and existing investors including 83North, Dell Technologies Capital, Goldman Sachs, and others, at a post-money valuation of $3.7 billion—tripling from $1.2 billion in April 2020 after a $100 million Series C. This brought total funding to $263 million and strengthened the balance sheet to $230 million in unspent capital, intended to sit as a cash reserve during hyper-growth rather than for spending. At the time of the Series D, VAST Data ended 2020 with an annualized software run rate nearing $100 million and quadrupled its software business year-over-year, marking it as the fastest-selling infrastructure startup. Investors were drawn by its breakout performance, innovation in disaggregating hardware and software via offerings like Gemini and Universal Storage, and potential in AI-driven data computing. Tiger Global partner John Curtius highlighted VAST's transformation of data value extraction for enterprises embracing AI. Post-Series D, VAST continued strong traction, maintaining positive cash flow and later achieving milestones like over $1 billion in cumulative software bookings and $200 million ARR by Q3 2023 ahead of a $118 million Series E at $9.1 billion valuation, but the 2021 round solidified its position as an independent infrastructure disruptor.
Apr 2020Series CN47 (lead); Norwest; Goldman Sachs; Mellanox Capital; Greenfield Partners; 83North; Common Fund; Dell Technologies Capital; The Syndicate Group$100M$1.2BVAST Data, a storage company developing a software-defined platform that breaks traditional performance-capacity tradeoffs using all-flash infrastructure, announced a $100 million Series C funding round on April 16, 2020, led by Next47 (Siemens' investment arm, also referred to as N47) at a $1.2 billion post-money valuation. The round included participation from existing and new investors such as 83North, Commonfund Capital, Dell Technologies Capital, Goldman Sachs, Greenfield Partners, Mellanox Capital, and Norwest Venture Partners, bringing total funding to $180 million. The company noted it had not fully deployed its prior $40 million Series B financing, creating a $140 million cash reserve for global expansion and innovation in data-driven applications. VAST Data's platform leverages advanced algorithms for data protection, reduction, and metadata management, enabling efficient use of flash storage at scale for petabyte-level workloads starting at million-dollar price points. Customers included the National Institute of Health, General Dynamics, Zebra, Harvard Medical School, hedge funds, and Fortune 500 companies. In its first year since launch in February 2019, VAST reported unprecedented sales exceeding first-year performance of public storage vendors like Pure Storage, with dozens of deals averaging over $1 million each, though specific revenue or ARR figures were not disclosed. The funding aimed to accelerate hiring (targeting over 100 new employees) and meet surging demand for next-generation storage amid data growth. Investors highlighted VAST's rapid product-market fit, record-breaking growth, and potential to disrupt legacy storage architectures burdened by complexity, scalability limits, and resiliency issues. This unicorn Series C valuation reflected strong trust in its trajectory during early pandemic uncertainty.
Feb 2019Series BNorwest; 83North; Dell Technologies Capital; The Syndicate Group$40M--
Mar 2018Series ANorwest; Goldman Sachs; 83North; Dell Technologies Capital$25M-VAST Data, an Israeli-founded universal data storage company specializing in all-flash Universal Storage architecture using NVMe-oF, storage class memory, and QLC flash, emerged from stealth in February 2019. February 2021 Series D raised $83M at $3.7B valuation with Tiger Global, Next47, 83North, Norwest. By 2023, ARR reached $200M run rate, scaling to ~$2B by end-2025 per estimates. The company has raised nearly $400M total pre-2026, with later mega-rounds like $118M Series E at $9.1B in Dec 2023 and $1B Series F at $30B in Mar 2026 led by CapitalG, Nvidia.
Jan 2016Series ANorwest; 83North$15M--

Who has invested in VAST Data?

16 investors have backed VAST Data across its funding rounds, including Norwest, 83North, Dell Technologies Capital, Goldman Sachs, The Syndicate Group and N47.

Lead investors include Fidelity, Tiger Global and N47.


VAST Data Investors

Investors in VAST Data by funding rounds participated
InvestorHQRoundsRoleFirst check
NorwestUnited StatesSan Francisco, CA5ParticipantJan 2016
83NorthUnited KingdomUnited Kingdom5ParticipantJan 2016
Dell Technologies CapitalUnited StatesSan Francisco, CA4ParticipantMar 2018
Goldman SachsUnited StatesNew York City, NY3ParticipantMar 2018
The Syndicate GroupUnited StatesLos Angeles, CA3ParticipantFeb 2019
N47United StatesSan Francisco, CA2LeadApr 2020
Mellanox CapitalUnited StatesSan Francisco, CA2ParticipantApr 2020
Greenfield PartnersIsraelTel Aviv2ParticipantApr 2020
Common FundUnited StatesNorwalk, CT2ParticipantApr 2020
NVIDIAUnited StatesSan Jose, CA1ParticipantMay 2021
FidelityUnited StatesBoston, MA1LeadDec 2023
New Enterprise AssociatesUnited StatesSan Francisco, CA1ParticipantDec 2023
Tiger GlobalUnited StatesNew York City, NY1LeadMay 2021

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Acquisitions by VAST Data

VAST Data has acquired 1 company to date.

Last acquisition by VAST Data was on September 9th 2025. VAST Data acquired Red Stapler for undisclosed valuation.


Latest Acquisitions by VAST Data

Red Stapler
Description
Red Stapler is a technology services provider forging partnerships with major infrastructure vendors. Based in Seattle, Washington, the company enables hyperscale cloud operators to deploy large-scale services such as compute, storage, and networking solutions. Red Stapler facilitates integrations with platforms like AWS and Azure, supporting deployments for data centers across North America and Europe. Its alliances streamline service delivery for clients in telecommunications and e-commerce, focusing on scalable architectures for high-volume workloads.
HQ CountryIceland
HQ City
Reykjavík
Deal Date9 Sep 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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VAST Data Competitors

VAST Data competitors include listed companies like CommVault Systems, MongoDB and NetApp, and private ones like DataDirect Networks, Cribl and Scale AI.

Public and private companies comparable to VAST Data
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CommVault SystemsUnited StatesUnited StatesPublicly listed$1.2B$84M$6.2B5.0x
DataDirect NetworksUnited StatesLos Angeles, CAPrivate$750M-$5B6.7x
CriblUnited StatesSan Francisco, CAPrivate$100M-$3.5B35.0x
Scale AIUnited StatesSan Francisco, CAPrivate$2B-$29B14.5x
MongoDBUnited StatesUnited StatesPublicly listed$2.5B($104M)$32B10.4x
NetAppUnited StatesUnited StatesPublicly listed$6.9B$1.8B$39B5.1x

VAST Data Public Comps

VAST Data is still privately-owned, but its public comps include MongoDB, Supermicro, Everpure, DapuStor, Longsys, NetApp, TD Synnex, Sharetronic, Nutanix and Sugon.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
MongoDB$2.5B($104M)11.9x10.4x(282.5x)49.6x
Supermicro$39B$2.9B0.8x0.7x11.1x8.6x
Everpure$3.7B$318M9.2x7.5x106.7x33.7x
DapuStor$341M($66M)71.3x-(367.7x)-
Longsys$3.4B$355M7.1x3.3x68.3x8.3x
NetApp$6.9B$1.8B5.4x5.1x20.4x15.5x
TD Synnex$63B$1.4B0.4x0.3x17.5x10.3x
Sharetronic$1.8B$325M12.2x-68.8x-

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Common questions about VAST Data

When was VAST Data founded?VAST Data was founded in 2016.
Where is VAST Data headquartered?VAST Data is headquartered in New York City, NY, United States.
Is VAST Data publicly listed?No, VAST Data is a private, VC-backed company.
What is VAST Data's valuation?VAST Data was last valued at $30B in its Series F in March 2026.
How much funding has VAST Data raised?VAST Data has raised $1.4B across 7 funding rounds.
What was VAST Data's last funding round?VAST Data's last funding round was a $1B Series F in March 2026.
Who are VAST Data's investors?VAST Data's investors include Norwest, 83North, Dell Technologies Capital, Goldman Sachs, The Syndicate Group, N47, Mellanox Capital, Greenfield Partners, Common Fund, NVIDIA and 6 others.
What is VAST Data's revenue?VAST Data's latest recorded revenue is $200M (March 2026).
Which companies are comparable to VAST Data?Companies comparable to VAST Data include CommVault Systems, DataDirect Networks, Cribl, Scale AI, MongoDB and NetApp.
How many companies has VAST Data acquired?VAST Data has acquired 1 company, including Red Stapler.

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