<ul><li>Vast Data, a provider of AI-friendly data storage platform, is seeking a $25 billion valuation in a new funding round.</li><li>The company's proposed valuation marks a significant increase from its previous $9 billion valuation in its Series E funding round in December 2023.</li><li>Vast Data's platform aims to eliminate the need for storage tiers by offering data management software combined with unified hardware from vendors like Supermicro and HPE.</li><li>The company, with customers like Pixar and ServiceNow, has seen impressive growth, achieved $200 million in annual recurring revenue, and has been free cash flow positive for four years.</li></ul>

AI storage platform Vast Data aimed for $25B valuation in new round, sources say

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