VAST Data valued at $30 billion in latest funding round

VAST Data said on Wednesday it was valued at $30 billion in its latest funding round, growing more than threefold since 2023, helped by strong interest in companies that build the infrastructure needed for artificial intelligence.

The New York-based company, which is backed by Nvidia, said the ‌Series F ⁠round ⁠fetched it about $1 billion in primary and secondary capital, and was led ​by Drive Capital and Access Industries.

Existing investors, including Fidelity Management & Research Company, NEA ​and Nvidia, also participated in the round, along with new parties.