Funding round
VAST Data Series B
VAST Data, which works in AI operating system development in United States, raised $40M in a Series B round announced on 24 Feb 2019. 5 firms took part. It is VAST Data's first venture round on record.
$40M
Amount raised
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
VAST Data did not disclose a valuation in this round. It is VAST Data's first venture round on record, 3 years after it was founded in 2016. It is 3.0% of the $1.34B VAST Data has raised in the venture rounds on record. VAST Data raised again 14 months later: a Series C round of $100M in Apr 2020, at $1.20B post-money.
VAST Data's funding rounds
VAST Data has 5 venture rounds on record. This one is highlighted.
- Series B this round 24 Feb 2019 $40M
- Series C 16 Apr 2020, led by Next47 $100M$1.20B post-money
- Series D 4 May 2021, led by Tiger Global $83M$3.70B post-money
- Series E 6 Dec 2023, led by Fidelity Management & Research Company $118M$9.10B post-money
- Series F 22 Apr 2026, led by Drive Capital and Access Industries $1.00B$30.00B post-money
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- TPG backs 114 venture-backed companies new investor
- Norwest backs 215 venture-backed companies new investor
- backs 79 venture-backed companies new investor
- backs 42 venture-backed companies new investor
- Goldman Sachs backs 218 venture-backed companies new investor
Comparable rounds
How it compares
28 Series B rounds in Software Development Services within a year either side disclosed an amount; the median was $18M, and this round was 2.3 times the median. The closest in time, other companies' Series B rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 20 Mar 2019 | $70M | $370M | not named |
| Software Development Services | 2 Jan 2019 | $1.6M | not disclosed | Doug Von Allmen |
| Software Development Services | 24 Apr 2019 | $17M | not disclosed | Alpha Wave Global |
| Software Development Services | 9 Apr 2019 | $11M | not disclosed | Kurita Water Industries Ltd. |
| Software Development Services | 1 Apr 2019 | $1.8M | not disclosed | Archetype |
| Software Development Services | 6 May 2019 | $102M | not disclosed | Tiger Global |
| Software Development Services | 23 May 2019 | $22M | not disclosed | not named |
| Software Development Services | 14 May 2019 | $18M | not disclosed | Energy Impact Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did VAST Data raise in its Series B round?
VAST Data raised $40M in its Series B round, announced in Feb 2019.
Which investors took part in VAST Data's Series B round?
TPG, Norwest, Dell Technologies Capital, 83North and Goldman Sachs.
What was VAST Data's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Software Development Services?
28 Series B rounds in Software Development Services within a year either side disclosed an amount; the median was $18M, and this round was 2.3 times the median.
Did VAST Data raise again after this round?
Yes: a Series C round in Apr 2020 of $100M at $1.20B post-money.