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VAST Data said on April 22 it raised about $1 billion in a Series F round that values the company at $30 billion, more than triple its 2023 valuation.
The round was led by Drive Capital and Access Industries and included participation from existing backers such as Nvidia, Fidelity and NEA, with the financing comprising both primary and secondary proceeds.
The New Yorkābased vendor builds a unified data platform used to store and process massive datasets for AI training and inference.
VAST counts customers including xAI, CoreWeave and the U.S. Air Force and in November signed a $1.17 billion commercial agreement with CoreWeave.
Company-reported metrics cited in coverage include more than $4 billion in cumulative bookings, over $500 million in committed annual recurring revenue and rapidly expanding revenue, with management saying proceeds will fund global expansion, partnerships and strategic transactions.
Investors and partners highlighted VASTās role in easing data bottlenecks that can limit the performance of large GPU clusters powering generative AI.







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