Vast Data supports the Covid-19 research and gets $1.2 Billion valuation
Posted by Marketing on Mon, 20/04/2020 - 09:37
From XtremIO to VAST Data, the future for Renen Hallak (Vast Data CEO and Founder) seems promising. VAST Data, the New York-based company announced it had closed a $100 mission Series C, led by Siemens’ investment arm Next47, at a $1.2 billion valuation. The company introduced just 17 months ago its Universal Storage product, which drew the attention of investors like Dell Technologies, Goldan Sachs and 83North.
VAST Data technologies are supporting The National Institute of Health, Gingko Bioworks, and Harvard University, which are both fighting the war against COVID-19. In this difficult moment, companies and universities need the computing power necessary to study and overcome this global issue and Vast Data meets their needs with the latest technology.
Nowadays, the company holds $180 million in total funding and dozens of contracts with companies like Zebra Medial for mission-dollar contracts. However, Hallak is showing no signs of slowing down and he announced he has assembled a “$140 million war chest” to continue designing storage systems of the future.
During this unprecedented and difficult time, many start-ups and companies are announcing to close or pause their business. However, this is certainly not the case of Vast Data, which has 145 employees and 100 open positions. Appcelerate, part of the Ampito Group, is proud to be Vast Data partner and to help business grow with its great products and technologies. Contact us today to discover how we can help to improve your business with VAST Data.