Vast Data Raises $1 Billion in Funding, Valuation Surges to $30 Billion as Nvidia Backs AI Infrastructure Giant
Summary
Vast Data secures a massive $1 billion Series F funding round backed by Nvidia, catapulting its valuation to $30 billion — more than triple its 2023 worth — as the AI infrastructure company surpasses $4 billion in cumulative bookings and $500 million in annual recurring revenue.
Key Points
- Vast Data announces a $1 billion Series F funding round, valuing the AI infrastructure company at $30 billion, more than tripling its $9.1 billion valuation from 2023.
- Nvidia, Drive Capital, Access Industries, Fidelity Management and Research Co., and NEA are backing the round, as Nvidia continues aggressively investing in AI startups to solidify its dominance in the AI boom.
- Vast Data, which provides software infrastructure for managing large-scale AI data and supports millions of GPUs for clients like CoreWeave and the U.S. Air Force, reports surpassing $4 billion in cumulative bookings and over $500 million in committed annual recurring revenue.