As part of the launch, VAST Data has raised $80 million of funding in two rounds, backed by Norwest Venture Partners, Dell Technologies Capital, 83 North, Goldman Sachs and a TPG Growth-sponsored investment platform. The announcement of this funding comes on the heels of VAST completing its first quarter of operation where it has experienced historic customer adoption and product sales. Since releasing the product for general availability in November of 2018, VAST's bookings have significantly outpaced the fastest growing enterprise technology companies in history.
"Storage has always been complicated. Organisations for decades have been dealing with a complex pyramid of technologies that force some tradeoff between performance and capacity", stated Renen Hallak, founder & CEO of VAST Data. "VAST Data was founded to break this and many other long-standing trade-offs. By applying new thinking to many of the toughest problems, we are working to simplify how customers store and access vast reserves of data in real time, leading to insights that were not possible before."
VAST Data invented a new type of storage architecture from the ground up to exploit technologies such as NVMe over fabrics, Storage Class Memory (SCM) and low-cost QLC flash, that weren't available until 2018. The result is an exabyte-scale, all-NVMe flash, disaggregated shared-everything (DASE) architecture that breaks from the idea that scalable storage needs to be built as shared-nothing clusters. This architecture enables global algorithms that deliver game-changing levels of storage efficiency and system resilience.
Some of the significant breakthroughs of VAST's Universal Storage platform include:
There are three ways that customers can deploy VAST Data's Universal Storage platform: a turnkey server and storage cluster appliance, storage plus VAST container software that runs on customer machines, or software only. Whatever the deployment model, customers enjoy significant benefits from VAST's synthesis of storage innovations, including:
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