NEW YORK–(BUSINESS WIRE)–VAST Data, the data platform company for the AI-powered world, today unveiled its massive global growth during FY2022 (ending January 31, 2022). During this period, VAST saw unprecedented customer adoption and diversification, financial performance, and international expansion. VAST Data Universal Storage software is now entrusted by customers to manage and process over three exabytes of information globally.
In just its third year of selling, VAST grew 3.8x year over year (YoY), closing out the year at a nearly $300 million software bookings run rate. VAST Data ended its year cash flow positive, only adding to its cash balance since its Series D funding was announced in April of 2021.
Key success metrics and business strategies that supported VAST’s hypergrowth in FY22 include:
- Unparalleled Customer Growth. VAST more than doubled its customer roster YoY expanding across industries including autonomous driving, life sciences, media and entertainment, financial trading, and government institutions with increasing demand in new market…
