American-Israeli Data Storage Startup Vast Raises $100 Million

Round values company at $1.1 billion before money comes in

Refaella Goichman
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Vast Data management.
Vast Data management.Credit: VastData
Refaella Goichman

Vast Data said on Thursday it had raised $100 million in a round that valued the data-storage technology startup at $1.1 billion, not counting the new money invested in it.

The fundraising was led by Next47, the venture arm of the German company Siemens, with existing investors, including 83North, Dell Technologies Capital, and Goldman Sachs, joining in.

The company, which has been focused on the U.S. market, said it will use the proceeds to expand globally. Headquartered in New York, 96 of its 146 staffers work in in Tel Aviv and Haifa.