US EditionNvidia-backed VAST Data valued at $30 billion in latest funding round
Nvidia backed the round as VAST Data said it surpassed $4 billion in cumulative bookings and $500 million in annual recurring revenue.
- On Wednesday, VAST Data announced a $1 billion Series F funding round, valuing the New York-based company at $30 billion, more than triple its $9.1 billion valuation from 2023.
- Rapid AI adoption has fueled demand for data centers and high-performance computing infrastructure, with global AI companies raising $280.5 billion this year according to Dealroom; Nvidia ramped up startup backing to cement its position in the boom.
- VAST Data surpassed $4 billion in cumulative bookings and exited the previous year with more than $500 million in committed annual recurring revenue. Chris Olsen, cofounder and partner at Drive Capital, stated VAST is "emerging as the clear leader" with strong momentum.
- Drive Capital and Access Industries led the Series F round, with Fidelity Management and Research Company, NEA and Nvidia also participating; primary proceeds will expand VAST Data's global footprint and strengthen partnerships with customers including xAI, CoreWeave and the U.S. Air Force.
- In November, VAST Data signed a $1.17 billion commercial agreement with CoreWeave extending their partnership. Larry Feinsmith, managing director at JPMorgan Chase, called the platform "a key enabling technology for next gen AI infrastructure initiatives.
22 Articles
22 Articles
VAST Data raises $1B at $30B valuation with Nvidia backing as AI data infrastructure demand accelerates
Summary: VAST Data raised $1 billion in a Series F at a $30 billion valuation, more than tripling from $9.1 billion, with Drive Capital and Access Industries co-leading and Nvidia, Fidelity, and NEA participating. More than $500 million is secondary capital. The company reports $4 billion in cumulative bookings, $500 million-plus in committed ARR, and […] This story continues at The Next Web
Nvidia-backed AI startup Vast Data raises $1B at $30B valuation as AI infrastructure boom accelerates - Tech Startups
The companies racing to build AI are running into a hard limit: data. Training and running models at scale isn’t just about chips anymore. It’s about how fast you can move, store, and feed massive datasets across millions of GPUs. […] The post Nvidia-backed AI startup Vast Data raises $1B at $30B valuation as AI infrastructure boom accelerates first appeared on Tech Startups.
Nvidia Backs Vast Data In $1 Billion Funding Round
Vast Data has raised $1 billion in fresh funding at a $30 billion valuation, with backing from Nvidia and other major investors, according to the company’s announcement. The report said the round more than triples Vast Data’s 2023 valuation, underscoring strong investor appetite for AI infrastructure firms. Nvidia backs AI company Vast Data at $30 billion valuation https://t.co/kW6JZ8MuTE— CNBC International (@CNBCi) April 22, 2026 Founded in 20…
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