Unknown Customer Financial Services Company Invests Over $10 Million on Vast Data Universal Storage

VAST Data Ltd announced the first of several customers to exceed $10 million in cumulative investment in its Universal Storage technology.

With this customer’s most recent order, they’re able to store dozens of petabytes of financial data and serve all of their data at the speed of NVMe flash.

The move to all-flash for this customer – and others – solves the challenge of IO wait time that is commonly associated with mechanical HDDe based storage. By adopting VAST Data Universal Storage, financial service customers achieve flash economics and can scale infrastructure to eliminate IO wait time, to eliminate application latency and the freedom to implement new financial analytic and AI-based quantitative models that were never before possible.

This most recent purchase builds on the momentum VAST has experienced in the financial services industry over the last 2 years, where customers have purchased and deployed over 100PB of Universal Storage to power the next gen of quantitative trading.

Headquartered in New York City, NY, VAST Data is a storage company bringing an end to complex storage tiering and HDD usage in the enterprise. It consolidates applications onto a scalable all-flash storage system to meet the performance needs of the most demanding workloads, while also redefining the economics of flash infrastructure to finally make it affordable enough to store all of data on flash. Since its launch in February 2019, it has established itself as the fastest selling storage start-up in history. VAST’s Universal Storage now powers several of the world’s leading data centric computing centers.

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