VAST Data announced a $30 billion valuation following its latest funding round. The company's value has more than tripled since 2023, significantly boosted by intense interest in companies developing artificial intelligence infrastructure.
This Series F round, led by Drive Capital and Access Industries, secured approximately $1 billion in capital. Key investors including Nvidia, Fidelity Management & Research Company, and NEA participated, alongside new investment partners.
The surge in AI adoption is creating unprecedented demand for data centers, semiconductors, and high-performance computing required to train and operate advanced AI models. This trend is driving significant investor focus on the ecosystem's infrastructure providers.
Founded in 2016, VAST Data specializes in software designed to help organizations manage and process the vast amounts of data essential for AI development and deployment.
Notable customers include Elon Musk's xAI, CoreWeave, and the U.S. Air Force. The company's valuation stood at $9.1 billion in 2023.
Funds from this new capital will support VAST Data's global expansion, enhance strategic partnerships, and broaden its technology offerings. The company also recently extended a partnership with cloud provider CoreWeave through a $1.17 billion commercial agreement.