Israeli startup VAST Data is about to become a super-unicorn, even an ultra-unicorn. According to a report in the publication the information, the company that offers the VAST Data Platform expects to hit a $9 billion valuation when it closes a new round of funding from investors like Fidelity Investments.
Founded in 2016 by Israeli entrepreneurs Renen Hallak and Shachar Fienblit, VAST Data boasts that its platform accelerates time-to-insight for workload-intensive applications, the VAST Data Platform delivers scalable performance, radically simple data management and enhanced productivity for the AI-powered world. Launched in 2019, VAST is the fastest-selling data infrastructure startup in history.
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Launched just a few weeks ago, the VAST Data Platform Version 5.0 “extends the capabilities of the VAST Data Platform with Amazon Web Services (AWS) to enable significant cloud cost savings of up to 80 percent.”
Amazon says that AWS is designed to allow application providers, ISVs, and vendors to quickly and securely host your applications – whether an existing application or a new SaaS-based application. You can use the AWS Management Console or well-documented web services APIs to access AWS’s application hosting platform.
As an AWS Partner, VAST boasts that it offers organizations an alternative to existing approaches to data management, where they would otherwise need to seek out and integrate independent enterprise NAS solutions, object storage, parallel file systems and data warehouse tools in order to build end-to-end data pipelines. For the first time, enterprises can now consolidate all of their structured and unstructured data management into a unified data platform that can be deployed across private clouds and all AWS regions.
Network Attached Storage (NAS) is a storage device that is connected to a network and allows authorized users to store and retrieve data from a centralized location. NAS devices are commonly used by businesses and home users to store and share files, back up data, and stream multimedia content.
The VAST DataBase is specifically designed for transactional and analytical database services that extend the benefits of a flash-optimized, real-time architecture all the way to the archive. Version 5.0 supports the release of new database functionality such as projections and additional predicate pushdown, allowing the system to dramatically reduce query times and accelerate time to insight.
