Singapore – Data platform company VAST Data has recently announced the inauguration of its headquarters in Singapore, indicating its commitment to provide scalable, unified, and AI-ready solutions for the growing data infrastructure across the Asia Pacific and Japan regions.
With Singapore being an established regional hub for data centres, the said move also intends to facilitate efficient data transfer between Asia and across the globe.
It also has its eyes on the country’s cloud service providers, as the VAST Data Platform is purpose-built to deliver the scale, performance, security, and operational efficiency that CSPs need to build AI-based offerings.
Furthermore, the said expansion initiative aims to position the company at the forefront of supporting and managing data for the industry as well as transforming it into powerful generative AI applications.
Commenting on this milestone, Renen Hallak, co-founder and CEO at VAST Data, said, “Data is the driving force of a digital-first economy. Yet, organisations have only been tapping into structured data, which amounts to 5% of existing data. The remaining 95% is unstructured data, such as videos, sounds, and imagery, that has been dormant. The VAST Data Platform was built with the entire data spectrum in mind so that natural data generated from all over the world can be analysed in real-time. Organisations are now able to make data-driven decisions that were once unthinkable.”
“We’re democratising access to data for AI and bringing the next era of AI computing into the mainstream. By packaging data storage and compute engine services on a scalable, unified platform, we are laying the foundation for enterprise structures to be AI-ready, so they can simplify and accelerate their machine learning and deep learning initiatives,” explained Hallak.
Sunil Chavan, vice president, Asia Pacific and Japan at VAST Data, also said, “For AI and deep learning to make a significant impact, it’s crucial to possess not just vast amounts of data but also data of superior quality, correctly organised, and readily accessible when and where it’s needed.”
“The VAST Data Platform provides an AI infrastructure that paves the way for automated exploration, capable of addressing some of the most intricate challenges faced by humanity. From the beginning, we have been collaborating closely with partners to break down technology trade-offs and barriers to building the next-generation AI infrastructure,” he explained.
“Singapore, a global tech hub with pro-AI policies, is home to more than 1,000 cloud service providers and over 70 operational data centres. By situating our regional headquarters where our key collaborators are, we seek to work more closely with them, helping their customers transform their data into powerful generative AI applications and opening the door to AI-assisted discovery,” added Chavan.
“With applications across various domains, from finance to healthcare and beyond, the company believes it is uniquely positioned to support and manage data for these industry clouds and will be hiring local teams to support regional demand,” he concluded.
As a data platform, the company brings a novel approach to integrating unstructured data with structured data by storing, processing, and distributing both types of data in a single, unified system.
The flagship product, in particular, provides a global data infrastructure that combines storage, database, and containerised compute engine services into a scalable system designed specifically for the evolving needs of AI.
This strategic expansion also comes after securing $US118m in the Series E funding round, which was spearheaded by Fidelity Management and Research Company.
