Nvidia-Backed VAST Data Hits $30 Billion Valuation in Latest Funding Round

VAST Data has been valued at $30 billion following its latest funding round, underscoring growing investor interest in companies building the infrastructure behind artificial intelligence.

The Series F round raised approximately $1 billion in combined primary and secondary capital, led by Drive Capital and Access Industries, with participation from existing investors including Nvidia, Fidelity, and NEA.

The company’s valuation has more than tripled from $9.1 billion in 2023, reflecting the rapid acceleration of demand for AI infrastructure such as data centers, high-performance computing, and cloud capacity.

Founded in 2016, VAST Data develops software designed to store and process large-scale datasets used in training and running AI models. Its platform is used by organizations including xAI, CoreWeave, and the U.S. Air Force.

The latest funding will be used to expand the company’s global footprint, strengthen partnerships, and further develop its technology stack as enterprises continue to scale AI workloads.

At a broader level, the deal highlights a structural shift in the AI ecosystem—where infrastructure providers are becoming as critical as model developers. As demand for compute, storage, and data orchestration grows, companies like VAST Data are emerging as foundational layers enabling next-generation AI systems.

 

Source and Credits: Reuters