VAST Data

VAST Data was founded in January 2016 by Renen Hallak, former head of R&D at XtremIO,^[8][9] Shachar Fienblit, Jeff Denworth, and Alon Horev.^[10][11][12]

In 2019, VAST emerged from stealth mode with $80 million in funding and launched its data storage software.^[13][10] After the launch of ChatGPT in late 2022 and during the subsequent AI boom, VAST has become a major infrastructure supplier to AI data centers. VAST reported more than $4 billion in cumulative bookings and over $500 million in committed annual recurring revenue at the end of its most recent fiscal year. It also said it is operating with positive margins and free cash flow.

VAST ranked No. 3 on the 2023 Financial Times list of The Americas' Fastest-Growing Companies.^[14][15] It is part of the 2024 Forbes Cloud 100 list,^[1] the 2025 CNBC Disruptor 50^[16] and Forbes AI 50.^[17][18] As of 2026, the company has a private valuation of $30 billion, as part of a $1 billion series F funding round.^[19][20][21]

The company builds software that helps companies store and ​process large volumes of information used to train and run artificial intelligence systems. Its platform can be deployed in AI data centers, public clouds, and edge computing environments, and is offered as a subscription‑based service.^{[clarification needed][22]}

VAST Data provides storage infrastructure to neoclouds, which GPU-intensive computing services in competition with hyperscale cloud providers.^[23][24] Its customers include:

• CoreWeave – $1.17 billion commercial agreement, November 2025.^[23]
• Sharon AI – Deployed 600 petabytes of VAST's storages across its AI data centers, June 2026.^[25][26]
• Mistral AI – Mistral's Nvidia GB300 NVL72 systems use VAST storage products.^[27]
• Megaport^[28]