(Reuters) – Data infrastructure company VAST Data said on Wednesday it was valued at $9.1 billion after a funding round of $118 million, led by Fidelity Management & Research.
The fund-raise comes more than two years after its previous one, when an investment led by Tiger Global valued the company at $3.7 billion.
The company said it will use the funds from the latest round to develop a new category of data services for its business clients.
(Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri)
