Vast Data Valued at $30B
- Nvidia participated in a funding round that valued Vast Data at about $30 billion, signalling investor focus on data infrastructure. - Reports say Vast raised roughly $1 billion and serves customers like xAI, CoreWeave, and the U.S. Air Force. - Investors are treating storage, movement, and retrieval as strategic layers that enable large GPU fleets for AI workloads (cnbc.com).
Vast Data said on April 22 that it raised about $1 billion in a Series F round that valued the company at $30 billion, with Nvidia joining the investors. (cnbc.com) Drive Capital led the round and Access Industries co-led it, with Fidelity Management & Research, New Enterprise Associates, and Nvidia also participating, according to Vast. The company said the financing included both new capital for the business and secondary sales by existing holders. (vastdata.com) Vast sells software that manages the data feeding artificial intelligence systems: the files, databases, and fast retrieval layers that keep large groups of graphics processing units busy instead of waiting for information. CNBC reported the company was founded in 2016 and says its platform supports projects running on millions of GPUs. (cnbc.com) The valuation is more than triple Vast’s $9.1 billion mark from its 2023 fundraise. Reuters reported the company’s customers include xAI, CoreWeave, and the U.S. Air Force, putting it inside both commercial and government AI projects. (usnews.com) The deal lands as investors keep pouring money not just into chatbot makers and model labs, but into the plumbing underneath them. CNBC, citing Dealroom, said AI companies globally have raised $280.5 billion so far this year, with more than $170 billion of that going to OpenAI, Anthropic, and xAI. (cnbc.com) Vast said it passed $4 billion in cumulative bookings and ended its previous fiscal year with more than $500 million in committed annual recurring revenue. Those figures help explain why storage and data-management companies are drawing late-stage money alongside chipmakers and model developers. (vastdata.com) The company has already tied itself closely to one of the biggest buyers of Nvidia chips. In November 2025, Vast said it signed a $1.17 billion commercial agreement with CoreWeave and would serve as the primary data foundation for CoreWeave’s artificial intelligence cloud. (vastdata.com) Nvidia’s role fits its broader strategy of backing companies that can help fill data centers with more Nvidia-powered systems. CNBC reported the chip company has also joined major funding rounds this year for OpenAI, Anthropic, xAI, Nscale, and Wayve. (cnbc.com) For Vast, the new round gives it cash and a higher paper value at a moment when AI spending is expanding from chips into the systems that store, move, and serve data fast enough to keep those chips working. (cnbc.com)
