VAST Data raised $100m in a Next47-led Series C funding round.

VAST Data, a storage company, raised $100m in a Next47-led Series C funding round, valuing the company at $1.2bn. Other private equity and venture capital firms that participated in the funding round include Siemens, 83North, Commonfund Capital, Dell Technologies Capital, Goldman Sachs, Greenfield Partners, Mellanox Capital and Norwest Venture Partners. “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,” Renen Hallak, VAST Data Founder & CEO.