VAST Data says it has received more than US$10 billion (around SG$12.8 billion) in commitments from just 14 of its customers this year, with four of them committing over US$1 billion each.
Key Takeaways
- Fourteen of VAST Data’s more than 1,000 customers have committed over US$10 billion in aggregate this fiscal year, four of them above US$1 billion each.
- VAST runs its Asia Pacific operations from Singapore, partnered with the Economic Development Board’s investment arm EDBI, and supports customers including HTX and Sharon AI.
- VAST-powered systems now support nine of the world’s top 10 frontier AI labs, with over 200 exabytes of flash supply aligned through 2029.
Fourteen customers, more than US$10 billion
VAST Data, an AI operating system company, says 14 of the more than 1,000 companies it serves have made over US$10 billion in aggregate commitments for its software and supporting hardware in the first three quarters of its current fiscal year. Of those, four customers have each committed more than US$1 billion.
The company was valued at US$30 billion following a Series F funding round earlier this year that included participation from NVIDIA. VAST says its systems now support nine of the world’s top 10 frontier AI labs.
“Growth at this scale only happens when an entire industry is rebuilding at once. That’s what the new AI stack is. It’s being built for models and agents, not people and applications, and data sits at the centre of it. The companies building it at the largest scale, for people, agents and now robots, are choosing VAST to anchor it,” said Renen Hallak, Founder and CEO of VAST Data.
A Singapore-anchored regional operation
In Asia Pacific, VAST runs its regional operations from Singapore, where it has partnered with the Economic Development Board’s investment arm EDBI, and counts HTX and Sharon AI among the companies it supports in the region.
Locking in flash supply through 2029
VAST says it has structured agreements with its supply chain partners to align more than 200 exabytes of flash capacity through 2029, given that new flash supply can take years to bring online.
“Planning for hundreds of exabytes isn’t only about protecting our customers’ growth projections. It’s about keeping flash available to hundreds of clouds, so that every AI builder, not just the largest, has the capacity it needs to build and compete,” said Jeff Denworth, Co-Founder of VAST Data.
