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AI storage platform Vast Data aimed for $25B valuation in new round, sources say
The AI-friendly data storage startup is raising capital at a giant leap in valuation.
Earlier this year, the nine-year-old company was seeking a valuation of around $25 billion, according to a person familiar with the deal. The company’s customers include large enterprises such as Pixar, ServiceNow, and Xai, as well as next-generation AI cloud providers like Coreweave and Lambda, which use Vast’s technology to offer storage capabilities to their end-users. Vast had annual recurring revenue (ARR) of$200 million when it raised its Series E about 18 months ago, TechCrunch reported.
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