VAST Data

includes VAST Data Platform

25 statements across 1 episodes · 12 bullish · 0 bearish · 1 people on the record · first statement May 3, 2024 by Renen Hallak · said 70 times in 2 episodes since 2023 · across every show →

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brought up most by Renen Hallak (41), Matt Turck (27)

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Everything said about VAST Data, oldest first

May 3, 2024 positive
Assertion Not checkable as stated
VAST Data has been cash-flow positive for nearly five years
“Efficiency, we've been cashflow positive on average for four and a half, five years now.”
Renen Hallak May 3, 2024 ▶ 2:39 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 positive
Disclosure
VAST Data achieves stateless compute by exposing data across the network
“Every node can now see the entirety of the data set. Data on low cost flash, metadata on storage class memory, all on the other side of the network, such that they become stateless, And they don't need to talk to each other anymore, and so now you have the mos…”
Renen Hallak May 3, 2024 ▶ 13:25 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 positive
Disclosure
NVIDIA is a corporate investor in VAST Data
“They're also an investor in us.”
Renen Hallak May 3, 2024 ▶ 33:44 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 positive
Disclosure
VAST scales capacity independently from performance via NVMe over Fabrics
“We put the drives on one side of the network, we put the logic on the other side, and we leverage a new protocol called NVMe over Fabrics to make it look like All of those drives are directly attached. That allows us to scale capacity independently from perfor…”
Renen Hallak May 3, 2024 ▶ 12:58 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 positive
Assertion Not checkable as stated
VAST Data is growing revenue 2.5x to 3x year-over-year
“Growth, we've been growing at about two and a half to three X year over year.”
Renen Hallak May 3, 2024 ▶ 2:34 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024
Disclosure
VAST Data's CEO ignores Slack entirely, relying on calls and texts
“I don't open Slack. I'm probably the only person in the company that doesn't use Slack, but if something is important enough, someone will text me or call me, and that's how I run my day.”
Renen Hallak May 3, 2024 ▶ 39:14 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 positive
Assertion Contradicted
VAST Data enables native SQL querying directly on Parquet objects
“You can write a parquet object and then query it using SQL natively off of our platform without needing any higher layers on top.”
Renen Hallak May 3, 2024 ▶ 15:55 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024
Disclosure
VAST Data targets organizations managing 100 petabytes of data
“If it's a hundred terabytes, that's not interesting to us. If it's a hundred petabytes, it's really interesting.”
Renen Hallak May 3, 2024 ▶ 21:06 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 positive
Assertion Not checkable as stated
VAST Data has sold over $1 billion worth of software
“Revenue, we've sold more than a billion dollars worth of software so far in the last few years.”
Renen Hallak May 3, 2024 ▶ 2:28 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024
Disclosure
VAST Data explicitly operates without hierarchy or internal titles
“As you grow, and as you grow at this pace, you have to explicitly tell people that you can leave a meeting in the middle, and that you shouldn't waste time on internal crap, and that titles don't matter within the company, and that we don't have a hierarchy. W…”
Renen Hallak May 3, 2024 ▶ 41:39 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 neutral
Assertion Not checkable as stated
Legacy scale-out storage systems relied on shared-nothing sharding
“So every scale out system that I am aware of before VAST is based loosely speaking on a concept called shared nothing sharding.”
Renen Hallak May 3, 2024 ▶ 12:08 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024
Assertion Not checkable as stated
VAST's US staff works remotely while Israeli engineers work in-office
“For example, here people work from home mainly. In Israel, everybody's in the same office together.”
Renen Hallak May 3, 2024 ▶ 40:34 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 neutral
Disclosure
VAST open-sources peripheral plugins while keeping its core platform proprietary
“We open source things on the periphery. If there's a plugin, if there's an interface, if there's a way to connect to other solutions, that piece we will open source. But the core of the platform is proprietary.”
Renen Hallak May 3, 2024 ▶ 26:39 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 positive
Assertion Partly supported
HPE standardized its enterprise file storage offering on VAST Data
“HPE has tens of thousands of sellers out there, and they've decided to standardize on VAST as their file offering and soon to be other parts of their stack.”
Renen Hallak May 3, 2024 ▶ 32:49 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024
Assertion Not checkable as stated
VAST Data employs only two product managers for 750 employees
“You'll find we're 750 people. We have two product managers in the company.”
Renen Hallak May 3, 2024 ▶ 23:59 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024
Disclosure
VAST Data allocates up to 20% of R&D to future projects
“We always try to have at least 10 to 20% of R&D On advanced development, on future projects, have 10 to 20% of R&D interfacing with the field, fixing problems, and adding small features that are required, and then the bulk of the team is, of course, building t…”
Renen Hallak May 3, 2024 ▶ 24:39 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024
Assertion Not checkable as stated
VAST Data spent up to 18 months designing before writing code
“It took us about a year, year and a half before we really started writing code in earnest because we went through those design phases.”
Renen Hallak May 3, 2024 ▶ 25:49 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 positive
Opinion
VAST Data considers NVIDIA its strongest and most natural partner
“NVIDIA, I would say, is our best and most natural partner.”
Renen Hallak May 3, 2024 ▶ 33:31 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024
Disclosure
VAST Data builds its software stack internally instead of using open-source
“Everything is our own or almost everything is our own. We don't use open source nearly as much as other companies do.”
Renen Hallak May 3, 2024 ▶ 22:46 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 positive
Opinion
Starting later than Snowflake and Databricks was VAST Data's biggest advantage
“And so I think our The biggest advantage versus those other companies that you mentioned is that we started late, and that allowed us to see this deep learning problem in front of our eyes versus machine learning, again, a lot smaller, a lot slower, and it als…”
Renen Hallak May 3, 2024 ▶ 8:08 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024
Assertion Not checkable as stated
R&D makes up more than half of VAST Data's workforce
“So R&D is more than half the company and even within the go-to-market teams, I would Say more than half the people are sales engineers and technical people.”
Renen Hallak May 3, 2024 ▶ 6:18 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 positive
Disclosure
VAST Data is expanding platform to include compute functionality
“We're adding compute functionality, basically trying to be that middle of the sandwich, ah, taking advantage of latest and greatest in hardware underneath us and to give Applications, the easiest APIs on top of us.”
Renen Hallak May 3, 2024 ▶ 2:05 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024
Assertion Not checkable as stated
VAST Data sold an exabyte of storage to a 30-person company
“We just sold an exabyte to a company with less than 30 people.”
Renen Hallak May 3, 2024 ▶ 29:52 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024 bullish
Assertion Supported
VAST Data reached a $9 billion valuation by consistently tripling growth
“The fact that we're worth nine billion dollars now, which is staggering, is because we keep tripling.”
Renen Hallak May 3, 2024 ▶ 36:42 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
May 3, 2024
Assertion Not checkable as stated
AI model training requires fast access to all historical data
“AI doesn't conform to that model. You need fast access to everything in order to build an AI model.”
Renen Hallak May 3, 2024 ▶ 10:54 The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data
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