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The $9B Startup Going After Snowflake and Databricks | Renen Hallak, CEO of VAST Data May 3, 2024 · 68 mentions

• ▶ 0:04 Matt Turck Today, my guest is Renan Halek, CEO of Vast Data. 4 times in the scene
• ▶ 1:10 Matt Turck Sometime last year, we all heard of a company that was based in New York that raised a big round at over nine billion in valuation. 5 times in the scene
• ▶ 3:09 Renen Hallak Yeah, we started in 2016. 10 times in the scene
• ▶ 4:28 Matt Turck Okay, so maybe going back to 2016, so you started the company with co-founders. 6 times in the scene
• ▶ 6:42 Renen Hallak For VAST? 6 times in the scene
• ▶ 9:13 Matt Turck And, um, as I learned more about the company, it's like this amazing story of 6 times in the scene
• ▶ 12:08 Renen Hallak So every scale out system that I am aware of before VAST is based loosely speaking on a concept called shared nothing sharding.
• ▶ 15:45 Renen Hallak Yeah, everything in VAST is multi-protocol, and so, for example, you can write a file and then read an object.
• ▶ 18:49 Renen Hallak The, the fourth piece of the platform, in addition to the data store, data base, and data engine, is what we call the data space, and that allows us to go across geographies, and so now you can run a vast instance in, uh, public cloud AWS… 2 times in the scene
• ▶ 20:11 Matt Turck So, so what you're saying, so this, this vast, uh, which is a software layer, uh, but then it sits on top of 3 times in the scene
• ▶ 26:39 Renen Hallak Uh, we open source things on the periphery. 6 times in the scene
• ▶ 26:51 Renen Hallak Um, but the core of the platform is proprietary. 2 times in the scene
• ▶ 29:32 Matt Turck Um, how does, how does one do that when you're a small company, uh, and you go after the biggest customers, and you have to convince them to use your product that has been around for like three years? 3 times in the scene
• ▶ 32:49 Renen Hallak HPE has, uh, tens of thousands of sellers out there, and they've decided to standardize on VAST as their file offering and, uh, soon to be other parts of their stack.
• ▶ 34:39 Renen Hallak Um, hopefully everybody's happy at Vast and, uh, well,
• ▶ 36:42 Renen Hallak The fact that we're worth nine billion dollars now, which is staggering, is because we keep tripling. 2 times in the scene
• ▶ 37:43 Renen Hallak Um, the big companies that we're competing with have more resources than we do. 6 times in the scene
• ▶ 41:23 Renen Hallak I think that juxtaposition of, um, cultures is the vast culture. 2 times in the scene
• ▶ 44:04 Renen Hallak The biggest, again, coming from Israel, the biggest reason that companies, startups fail is because you've built something that looks really cool, and you think it's awesome, but nobody really needs, and so when we started Vast, the first…