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VAST Data’s $30 billion valuation is a bet that the data layer is the real bottleneck in AI

TNW | Investors-Funding·Cristian Dina·about 1 month ago
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Summary: VAST Data raised $1 billion in a Series F at a $30 billion valuation, more than tripling from $9.1 billion, with Drive Capital and Access Industries co-leading and Nvidia, Fidelity, and NEA participating. More than $500 million is secondary capital. The company reports $4 billion in cumulative bookings, $500 million-plus in committed ARR, and is free cash flow positive with revenue roughly tripling year over year. Key customers include xAI’s 200,000-GPU Colossus cluster and CoreWeave’s $1.17 billion agreement. VAST Data raised $1 billion in a Series F round at a $30 billion valuation, more than tripling the $9.1 billion it was valued at in its Series E in late 2023. Drive Capital and Access Industries co-led the round, with Nvidia, Fidelity Management and Research Company, and NEA participating.…

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