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Vast Data is embarking on a new financing round with an ambitious target valuation of $25 billion, marking a substantial leap from its $9 billion valuation during its Series E funding in 2023. The company, a pioneer in AI-optimized data storage solutions, boasts a portfolio comprising advanced data management software and unified hardware systems. Strategic partnerships with industry leaders like Supermicro and HPE further solidify its market position. By revolutionizing the traditional hierarchical data storage paradigm, especially in the realm of flash storage, Vast Data has garnered notable clients such as Pixar and ServiceNow. Over the past four years, the company has consistently maintained positive free cash flow and achieved an impressive annual growth rate of 2.5 to 3 times. Its primary competitors include Pure Storage and Weka, among others.
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