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

The extensive information that offers the AI-friendly data storage platform is the market to collect a new tour in a giant leap without evaluation.

In the beginning of this year, a person familiar with the deal of a nine-year-old company, asked for a nine-year-old company to estimate about $ 25 billion. If it achieves this, it would be a massive jump 9 Billion Dollar Serial E Valuation Provided in December 2023.

The bargain could not be completed and the assessment may change, including the terms, and this person is high despite the growth of the required assessment, he said. Many VCs are interested in and provide information to other sources.

Vast did not respond to a request for comment.

Provides a combined data management program with combined CPU, GPU and data equipment with extensive information, supermicro, hpe and Cisco. Old school information storage options rely on tiers: cheap storage options for long-term storage, higher level options for more used data, wide goals are to eliminate such stages. Focused on flash-warehouse, especially.

AI has been a boon for a wide range of work. The company’s platform reduces the value of model training and results, which accelerates data obtained and built data, in semi-structured and unstructured data stores.

The company’s customers include a large enterprise such as the next generation AI cloud provider, such as Coreweave and Lambda, which uses warehouse technology for Pixar, Servicenow and Xai, as well as end users.

There was a broad annual recurring income (ARR) $ 200 million When raised the E S series about 18 months ago, TechCrunch reported. The company is more than 2.5x, Renen Halak, extensive CEO and co-founder, He said about a podcast in the last May. The company has been positive for four years in four years.

In the possibilities of data storage, a wide range of 16-year-old pure storage with a large market capitalization and 12 year old with a 12-year-old wekka competes with a wide warehouse $ 1.6 billion rounds of $ 140 million Evaluation. Extensive, as well as the database architecture prepares a database architecture.

Prior to the currently running round, the company collected a total of $ 381 million from investors, including a loyalty management and research company, Nea, Bond Capital and Driver’s Capital.