VAST Data, a leading technology company in the AI space, has recently announced successful funding of $118 million in a series E round. The funding, led by Fidelity Management & Research Company and involving various other major investors, has catapulted the company’s valuation to $9.1 billion. This substantial investment will be utilized to expedite the development of a groundbreaking infrastructure that revolutionizes how systems process data.
The primary goal of VAST Data is to address the most critical data challenges faced by organizations and facilitate unprecedented advancements in technology, economics, social dynamics, and scientific research. By putting data at the center of system thinking, reaction, and discovery, VAST Data aims to provide a new category of infrastructure that enables organizations to tackle complex problems and drive innovation.
