VAST Data raises ~$1B

VAST Data has raised about $1 billion in a Series F round that values the company at $30 billion. (vastdata.com) The company announced the round on April 22, 2026, saying the valuation is more than triple its $9.1 billion Series E valuation from late 2023. CNBC reported Drive Capital and Access Industries led the financing, with participation from Nvidia, Fidelity Management and Research Co., and New Enterprise Associates. (vastdata.com) (cnbc.com) VAST said the primary proceeds will fund global expansion, partnerships, and strategic transactions to broaden its platform. U.S. News, citing the company, reported the money will also support its push deeper into artificial intelligence infrastructure. (money.usnews.com) (vastdata.com) VAST sells the data layer for artificial intelligence systems: the software that stores, moves, and serves huge datasets to models and applications. The company says its platform combines data, compute, and real-time processing in one system instead of spreading those jobs across separate products. (vastdata.com) (crn.com) That pitch has gained traction as companies building large model clusters run into a bottleneck beyond chips: getting data to thousands of graphics processing units fast enough to keep them busy. CNBC reported VAST counts CoreWeave among its customers, and the company has also cited JPMorganChase and Pixar as users of its platform. (cnbc.com) (vastdata.com) The round also signals how investors are valuing companies that sit between raw computing power and the software built on top of it. VAST said its business is both growing and profitable, a combination that helped support the new valuation in a market still pouring capital into artificial intelligence infrastructure. (vastdata.com) (datacenterdynamics.com) VAST was founded in 2016 by Renen Hallak, Jeff Denworth and Shachar Fienblit, and it first built its name in high-performance storage. CRN reported Hallak now describes the company’s focus more broadly as an artificial intelligence database and compute orchestration platform. (cnbc.com) (crn.com) Bloomberg reported Hallak said the company is preparing for an initial public offering, though no listing date was announced with the financing. For now, the new round gives VAST more cash to expand while the market keeps rewarding the companies that control the plumbing behind artificial intelligence. (msn.com) (vastdata.com)