What is VAST Data's latest valuation?

VAST Data achieved a valuation of $30 billion in its recent funding round.

How much capital did VAST Data raise?

The company raised approximately $1 billion in primary and secondary capital.

What kind of technology does VAST Data develop?

VAST Data develops storage technology specifically designed for large AI data centers, enabling efficient data movement between GPUs.

Home / Business and Economy / AI Storage Giant VAST Data Hits $30B Valuation

AI Storage Giant VAST Data Hits $30B Valuation

22 Apr

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Summary

VAST Data achieved a $30 billion valuation in its latest funding round.
The company raised approximately $1 billion in primary and secondary capital.
Its storage technology is crucial for large AI data centers and GPU efficiency.

AI Storage Giant VAST Data Hits $30B Valuation

Artificial intelligence infrastructure provider VAST Data announced it has achieved a valuation of $30 billion. This significant milestone was reached during its latest funding round, Series F, which brought in approximately $1 billion in primary and secondary capital.

The funding round was spearheaded by Drive Capital, with Access Industries serving as a co-lead. The investment also saw continued participation from existing backers, including Fidelity Management & Research Company, NEA, and Nvidia. VAST Data, headquartered in New York, focuses on developing advanced storage technology.

This technology is specifically engineered for large-scale AI data centers, optimizing the movement of data between graphics processors (GPUs). The company's innovative solutions support clients such as Elon Musk's xAI and CoreWeave, positioning VAST Data as a leader in the burgeoning AI infrastructure market.

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