Vast Data, known for its AI-integrated data storage solutions, is attempting to raise its valuation to approximately $25 billion—a significant increase from its prior $9 billion Series E valuation. The company, which serves major enterprises like Pixar, has experienced impressive growth, aided by the surge in demand for AI technology. Its platform revolutionizes data storage by consolidating varied data types, promising improved retrieval speeds and reduced costs for machine learning applications. Vast has maintained free cash flow positivity for four years and boasts robust annual recurring revenue.
Vast Data's valuation is expected to leap to around $25 billion due to significant growth, driven primarily by demand in the AI sector.
Vast's innovative platform allows storage of various data types in one location, streamlining access and reducing costs for AI model development.
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