Funding round
VAST Data Series E
VAST Data, which works in AI operating system development in United States, raised $118M in a Series E round announced on 6 Dec 2023, led by Fidelity Management & Research Company, at a $9.10B post-money valuation. 13 firms took part. It is VAST Data's fourth venture round on record; the one before was a Series D in May 2021.
$118M
Amount raised
$9.10B
Post-money valuation
$8.98B pre-money
13
Investors
1 lead
2.5x
Step-up from the Series D
$3.70B in May 2021
1.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced VAST Data at $9.10B after the new money, 2.5 times the $3.70B of its Series D (May 2021). The $118M bought investors about 1.3% of the company. It came 31 months after VAST Data's Series D. It is 8.8% of the $1.34B VAST Data has raised in the venture rounds on record. VAST Data raised again 28 months later: a Series F round of $1.00B in Apr 2026, at $30.00B 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 4 May 2021, led by Tiger Global $83M$3.70B post-money
- Series E this round 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
Fidelity Management & Research Company led the round with 12 other firms.
Lead investor
- Fidelity Management & Research Company new investor
Also in the round
- New Enterprise Associates backs 286 venture-backed companies new investor
- BOND backs 91 venture-backed companies new investor
- backs 35 venture-backed companies new investor
- Nvidia new investor
- backs 79 venture-backed companies new investor
- Goldman Sachs backs 218 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
- Next47 new investor
- backs 42 venture-backed companies new investor
- Norwest backs 215 venture-backed companies new investor
- Mellanox Capital new investor
- Fidelity Management and Research Company
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Software Development Services, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 18 Jul 2023 | $65M | not disclosed | SoftBank Vision Fund and SoftBank |
| Udaan Groceries | 14 Dec 2023 | $340M | not disclosed | M&G |
| Travel Agencies | 7 Dec 2023 | $210M | not disclosed | Bessemer Venture Partners |
| Devoted Health Insurance - Agents, Carriers & Brokers | 29 Dec 2023 | $175M | $12.87B | The Space Between (TSB) and Highbury Group |
| Pharmaceutical Products | 21 Dec 2023 | $101M | $251M | Sarissa Capital |
| Medical Supply Manufacturers | 31 Dec 2023 | $85M | not disclosed | Novo Holdings |
| Loans & Financing | 6 Dec 2023 | $10M | not disclosed | Encourage Capital |
| Electric Supplies & Power Generation | 1 Nov 2023 | $185M | not disclosed | Just Climate |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did VAST Data raise in its Series E round?
VAST Data raised $118M in its Series E round, announced in Dec 2023.
Who led VAST Data's Series E round?
Fidelity Management & Research Company led it, with New Enterprise Associates, BOND, Drive Capital, Nvidia and Dell Technologies Capital and 7 more.
What was VAST Data's valuation at the Series E round?
$9.10B post-money ($8.98B pre-money).
Did VAST Data raise again after this round?
Yes: a Series F round in Apr 2026 of $1.00B at $30.00B post-money.