Storage News
10 Cool Tech Companies That Raised Funding In May 2021
Rick Whiting
Cybersecurity, big data and next-generation cloud storage management technology developers were among the companies that reported new rounds of funding in May.
Vast Data
Headquarters: New York
CEO: Renen Hallak
Funding: The $83 million Series D round of funding brought the company’s total valuation to $3.7 million—triple its value in April 2020.
Investors: The round was led by Tiger Global Management with participation from Nvidia and other existing investors.
What the company does: Vast data develops exabyte-scale, all-flash file and object storage systems.
CEO Quote: “We’ve been growing 4X year over year into very high numbers, or just around $100 million in terms of the software run rate we closed out last year. And we closed out last year cash-flow-positive, which is usually not the case. You don’t usually grow at 4X year-over-year and stop burning money.”
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