Software Storage Firm Vast Data Valued at $3.7 Billion in Round
- $82 million investment from Tiger Global Management, Nvidia
- Value is triple that of last year when it was $1.2 billion
Source: Vast Data Inc.
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Storage software company Vast Data Inc. said it’s valued at $3.7 billion in a new funding round, more than triple its $1.2 billion valuation last year.
Vast Data, which competes in some respects with Pure Storage Inc., raised $82 million in an investment led by Tiger Global Management. Nvidia Corp. also participated in the round. Prior investors in Vast Data include TPG, Goldman Sachs Growth Equity and Norwest Venture Partners, according to the company.