Funding round
VAST Data Series D
VAST Data, which works in AI operating system development in United States, raised $83M in a Series D round announced on 4 May 2021, led by Tiger Global, at a $3.70B post-money valuation. 2 firms took part. It is VAST Data's third venture round on record; the one before was a Series C in Apr 2020.
$83M
Amount raised
$3.70B
Post-money valuation
$3.62B pre-money
2
Investors
1 lead
3.1x
Step-up from the Series C
$1.20B in Apr 2020
2.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced VAST Data at $3.70B after the new money, 3.1 times the $1.20B of its Series C (Apr 2020). The $83M bought investors about 2.2% of the company. It came 13 months after VAST Data's Series C. It is 6.2% of the $1.34B VAST Data has raised in the venture rounds on record. VAST Data raised again 31 months later: a Series E round of $118M in Dec 2023, at $9.10B post-money.
VAST Data's funding rounds
VAST Data has 5 venture rounds on record. This one is highlighted.
- Series B 24 Feb 2019 $40M
- Series C 16 Apr 2020, led by Next47 $100M$1.20B post-money
- Series D this round 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
Tiger Global led the round with 1 other firm.
Lead investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- NVIDIA new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Series D rounds in Software Development Services within a year either side disclosed an amount; the median was $60M, and this round was 1.4 times the median. The closest in time, other companies' Series D rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 16 Jun 2021 | $60M | $1.00B | Insight Partners and Georgian |
| Software Development Services | 21 Apr 2021 | $50M | $2.00B | Glynn Capital |
| Fireblocks Software Development Services | 27 Jul 2021 | $310M | $2.00B | Sequoia Capital and Stripes |
| Deel Software Development Services | 18 Oct 2021 | $425M | $5.50B | Coatue |
| Software Development Services | 1 Dec 2020 | $155M | $3.50B | Tiger Global |
| Software Development Services | 31 Dec 2020 | $24M | not disclosed | not named |
| Software Development Services | 20 Dec 2021 | $87M | $1.10B | WestBridge Capital |
| Software Development Services | 2 Dec 2021 | $35M | not disclosed | Arrowroot Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did VAST Data raise in its Series D round?
VAST Data raised $83M in its Series D round, announced in May 2021.
Who led VAST Data's Series D round?
Tiger Global led it, with NVIDIA.
What was VAST Data's valuation at the Series D round?
$3.70B post-money ($3.62B pre-money).
How does it compare with other Series D rounds in Software Development Services?
9 Series D rounds in Software Development Services within a year either side disclosed an amount; the median was $60M, and this round was 1.4 times the median.
Did VAST Data raise again after this round?
Yes: a Series E round in Dec 2023 of $118M at $9.10B post-money.