Vast Data Seeks Funding from CapitalG and Nvidia - $30B Valuation
Vast Data Pursues New Funding Round
Vast Data, a leading AI storage platform, is reportedly in discussions with CapitalG, the venture capital arm of Alphabet, and current investor Nvidia. These talks center around a new funding round.
Potential Valuation and Timeline
Sources indicate that this funding could potentially value the company at up to $30 billion. This follows earlier reports from TechCrunch last month, which suggested a $25 billion valuation was being targeted.
The funding round is anticipated to finalize within the coming weeks. If successful, this would position New York-based Vast Data as a highly valued technology company.
Growth and Financial Performance
Vast Data was last valued at $9.1 billion in 2023. The company specializes in storage solutions designed to optimize efficiency within AI data centers.
To date, the startup has secured $380 million in funding. CEO Renen Hallak has stated that the company is currently generating positive free cash flow.
Revenue Projections
According to sources, Vast Data achieved an annual recurring revenue (ARR) of $200 million as of January 2025. Projections forecast this figure to increase to $600 million in ARR within the next year.
Investment Focus on AI Infrastructure
The increasing demand driven by the AI boom, coupled with governmental support for data center expansion in the U.S., is fueling investment in AI infrastructure startups. This makes companies like Vast Data particularly attractive to investors.
