DataCenterNews Asia logo
Specialist data center news for Asia
Story image

VAST Data's latest funding round has the company valued at $1.2B

By Catherine Knowles
Mon 20 Apr 2020
FYI, this story is more than a year old

VAST Data, the storage company, has raised $100 million in its Series C Funding, resulting in the company reaching $1.2 billion valuation.

Next47, the Siemens Investment Arm, led the round which brings total funding to $180 million. In this round past investors were joined by new investors including 83North, Commonfund Capital, Dell Technologies Capital, Goldman Sachs, Greenfield Partners, Mellanox Capital and Norwest Venture Partners.

According to the company, the new funds will be used to drive global expansion and accelerate the company’s next phase of growth.

VAST Data is focused on developing an all flash storage platform to make flash infrastructure affordable for all classes of data. This is particularly useful in powering the next generation of life science advancements and financial services organisations.

Next47 CEO and managing partner Lak Ananth says, “The worlds most valuable resource is now data, and VAST Datas highly-disruptive infrastructure concept unlocks access to massive reserves of information eliminating the complexity and compromises that have resulted from the long-standing performance and capacity tradeoff.

“In a little over a year, VAST has delivered some truly record-breaking business results and were thrilled to partner with them to further scale the business.”

VAST Data founder and CEO Renen Hallak says, “We started VAST Data with a single mission, to simplify the data center and to enable insights that were never before possible.

"In 2019, VAST’s early customer adoption and financial performance surpassed all historic benchmarks validating that the technology and product-market fit were right for customers who are struggling under tiered storage architectures and the limitations of the hard drive.

“Considering that VAST has not even tapped into its $40M Series B financing, the company now has a $140M war chest to satisfy global customer demand for next-gen infrastructure, and to enable data driven applications through continued innovation.”

This funding follows key wins for the company, including customer adoption, employee growth, product innovation and industry accolades.

The company’s customers now span four continents, including US National Institutes of Health, an agency operated by the US Department of Health and Human Services, Squarepoint, Krystal Hosting, Ginkgo BioWorks, DownUnder GeoSolutions, Harvard Medical School, Zebra Medical, Fortune 500 companies, Oscar-winning content creators and hedge funds.

On the employee front, VAST has grown the size of its global team by 130% since early 2019. In addition, the company is planning to fill over 100 positions as it prepares for its next phase of growth.

When it comes to product innovation, VAST will continue its push with the release of Universal Storage 3.0, which will introduce new capabilities for mission critical enterprise customers who are looking to move beyond hard drives, including support for Windows and MacOS applications, cloud based replication, encryption and much more.

In recent years, VAST Data’s Universal Storage received industry accolades, including being recognised by Storage Magazine and SearchStorage as the 2019 Storage Product of the Year, as one of CRNs 10 Hottest Data Storage Startups of 2019 and as a Channel Partners 2020 Channel Influencer.

Related stories
Top stories
Story image
Sustainability
Legrand unveils Nexpand, a data center cabinet platform
Legrand has unveiled a new data center cabinet platform, Nexpand, to offer the necessary scalability and future-proof architecture for digital transformation.
Story image
Sustainability
Daikin and SP Group to build new energy efficient district cooling system
The project, set to be complete by 2025, will create a system with a cooling capacity of up to 36,000 refrigerant tonnes (RT). 
Story image
Sisense
Data and analytics could be key to higher selling prices in APAC
Sisense's latest report has found that almost half of data professionals in APAC think customised data and analytics can create better selling prices for their products.
Story image
Colocation
Digital Edge chooses Nortek’s StatePoint for new data center
Digital Edge will use Nortek's StatePoint liquid cooling technology in its new data center, the first commercial colocation operator in Asia to do so.
Story image
SaaS
Cisco reveals new tech, intends to prevent network issues
Cisco has revealed new technology intended to mitigate costly disruptions by aiding IT teams in learning, predicting and planning.
Story image
Digital Transformation
EdgeConneX enters Indonesia, plans for data center campus
EdgeConnex has announced it is expanding its presence in Asia with the acquisition of GTN Data Center in Indonesia.
Story image
Sustainability
ABB unlocks sustainable energy upgrades for data centers
ABB says its new microgrid solutions will get data centers ready for the green revolution and use their own energy sources with a reduced carbon footprint.
Story image
Sustainability
YTL unveils development of solar-powered data center campus
YTL Power (YTL) has announced the development of a 500MW data center campus in Johor, the first data center park in Malaysia to be powered by solar energy.
Story image
Microsoft
SAS Viya on Microsoft Azure to deliver 204% return - study
The Forrester Total Economic Impact study finds SAS Viya on Microsoft Azure brings a 204% return on investment over three years.
Story image
Data Center
Equinix enters Africa, closing US$320 million acquisition of MainOne
The completion of the acquisition augments Equinix's long-term strategy to become a leading African carrier-neutral digital infrastructure company.
Story image
Hyperscale
SpaceDC partners with Aofei for data center sales in Asia
SpaceDC has partnered with Aofei Data International to sell Aofei's data centers, CDN and SDN in China.
Story image
Surveillance
Genetec launches new enclosure management system for data centers
Genetec has released a new enclosure management solution that will give data centers the ability to secure, monitor and manage access to racks and cabinets remotely.
Story image
Databricks
Databricks grows in APAC market, expands into Korea
Databricks officially launches a local office in Seoul, Korea, building on existing partnerships with Cloocus, Megazone and the Weverse Company
Story image
APAC
Odaseva expands in APAC and UK with more security features
Odaseva, a data platform for Salesforce, is establishing new headquarters in London as well as a new data center in India.
Story image
Digital Transformation
Multiplex, NEXTDC making strong progress on S3 data centre
Multiplex has made a significant achievement on Stage 1 of NEXTDC’s S3 data centre, ‘topping out’ the structure in the Artarmon on Sydney’s lower North Shore.
Story image
Sustainability
Power at the edge: the role of data centers in sustainability
The Singaporean moratorium on new data center projects was recently lifted, with one of the conditions being an increased focus on power efficiency and sustainability.
Story image
Infrastructure
Report - Data investment the key to better business growth
New research from Digital Realty has revealed that almost half (47%) of IT leaders globally believe their business investment in data systems and infrastructure is a key obstacle or concern.
Story image
Data Center
Tier III Ready Datacenter solutions shortlisted for major awards
"These designs will accelerate data center clients' own Tier III certification, reduce the cost, and fast-track their time to market."
Softiron
For every 10PB of storage run on HyperDrive vs. comparable alternatives, an estimated 6,656 tonnes of CO₂ are saved by reduced energy consumption alone over its lifespan. That’s the equivalent of taking nearly 1,500 cars off the road for a year.
Link image
Story image
Research
New strategies for cloud-native attacks - Aqua Security
New research from Aqua Security reveals attackers are using more sophisticated techniques to target cloud-native environments.
Story image
Sustainability
RDA and MVGX partner for sustainable data center development
Red Dot Analytics (RDA) and MetaVerse Green Exchange (MVGX) have entered a strategic partnership to make Singapore's data center development and operations more sustainable.
Story image
Sustainability
Grasping the opportunity to rethink the metrics of a sustainable data centre
A data centre traditionally has two distinct operations teams: the Facility Operations team, and the IT Operations team. Collaboration between them is the key to defining, measuring, and delivering long-term efficiency and sustainability improvements.
Story image
Power / Energy
DigitalBridge makes $30 million equity investment in LEDC
Leading Edge Data Centres (LEDC) has announced it has secured an AUD$30 million equity investment in its regional edge network from an affiliate of DigitalBridge Group, DigitalBridge.
Story image
Cybersecurity
A10 Networks finds over 15 million DDoS weapons in 2021
A10 Networks notes that in the 2H 2021 reporting period, its security research team tracked more than 15.4 million Distributed Denial-of-Service (DDoS) weapons.
Story image
Data Center
Digital Edge to build South Korea's largest commercial data center
The project will be the largest commercial data center project in South Korea with total IT power of 120MW and a capital investment of more than KWR$1 trillion.
Story image
Sustainability
NTT launches IoT Services for Sustainability offering
"We know what actions are needed to build a more sustainable future and have a robust suite of technologies available to help deliver this impact."
Story image
Sustainability
Siemens showcases new automated solutions for data centers
Siemens has implemented new automated solutions and AI in the Baltic region's largest data center, providing insight into the future of data center management.
Story image
SD-WAN
Orange moves Siemens AG’s entire operations to a SD-WAN
Orange Business Services has migrated Siemens AG's entire global operations, 1168 sites across 94 countries, to a SD-WAN
Story image
Storage
Energy storage demand momentum continues, says BYD
BYD has announced an expansion of its production capacities and will deliver 250,000 units of its energy storage system, BYD Battery-Box Premium.
Story image
Kacific
Kacific launches service to combat enterprise power outages
Kacific Broadband Satellites Group has launched Enterprise Backup, a new service intended to protect organisations against frequent power outages.
Story image
Data Center
Preventing downtime costs and damage with Distributed Infrastructure Management
Distributed Infrastructure Management (DIM) can often be a lifeline for many enterprises that work with highly critical ICT infrastructure and power sources.
Story image
Sustainability
Video: 10 Minute IT Jams - SoftIron CMO on Data Center Sustainability
In a special Power/Energy feature week presentation, we are joined by SoftIron CMO Andrew Moloney.
Story image
Cybersecurity
The 'A-B-C' of effective application security
Software applications have been a key tool for businesses for decades, but the way they are designed and operated has changed during the past few years.
Story image
Microsoft
Microsoft unveils adaptive accessories for disability access
Microsoft is introducing an expansive Inclusive Tech Lab to give people with disabilities greater access to technology through new software features and adaptive accessories.
Story image
Red Hat
Red Hat expands capabilities to provide streamlined application development in cloud
"Application development is undergoing significant change and developers need tools to support this transformation."
Story image
Cable
New high-performance cable in the works for Asia
A new high-performance submarine cable is being built to enhance connectivity between Hong Kong, China and Southeast Asia.
Story image
BitTitan
Why tenant consolidation is critical to cloud success
Consolidating tenants can improve cost management, security and engagement after a flurry of reactive activity following the widespread shift to remote operations.
Story image
Power / Energy
Keysight Technologies introduces new next-gen DPT solution
Keysight Technologies has announced its new next-generation Double-Pulse Tester (DPT) with the PD1550A Advanced Dynamic Power Device Analyser.
Story image
Sustainability
AyalaLand and FLOW partner for data center development
AyalaLand Logistics Holdings Corp (ALLHC) and FLOW Digital Infrastructure have entered into a framework agreement to bolster the development of carrier-neutral data centers in the Philippines.
Story image
Hyperscale
Seagate, Phison partnership to improve data center offering
Seagate and Phison have announced plans to expand their SSD portfolio to assist data center customers in reducing total cost ownership (TCO).
Story image
Akamai
Akamai announces new products across security, computing
Akamai has announced a series of new products and updates to existing products across its security and compute product lines, including its entry into the infrastructure as a service (IaaS) market.
Exabeam
Find out how a behavioural analytics-driven approach can transform security operations with the new Exabeam commissioned Forrester study.
Link image
Story image
Data Center
Sime Darby Berhad to use Equinix APAC data centers
Equinix has expanded its digital infrastructure services, including its International Business Exchange data centers, to Sime Darby Berhad
Story image
Telstra
Telstra expands business offerings in the Philippines
The expansion aims to offer more choice for customers and enhance connectivity into the Philippines, and within the country.