AI storage platform Vast Data was in talks with Alphabet’s CapitalG and existing investor Nvidia for a new funding round.
StartupHub.ai received insider details that strongly confirm Vast Data has raised $1 billion at a $30 billion valuation. The round was purportedly led by CapitalG and Nvidia.
This round brings Vast Data's total funding to $1.38 billion. Their last round closed in 2023 where their valuation hit $9 billion.
Vast Data's Growth Trajectory
Vast Data develops storage technology enabling efficiency in AI data centers. Furthermore, the startup earned $200 million in annual recurring revenue (ARR) by January 2025. Projections indicate growth to $600 million in ARR next year.
Moreover, the intensifying AI boom drives significant investment into AI infrastructure startups. Also, the U.S. government greenlights scaled build-out of data centers. Companies like Pure Storage and Dell Technologies also operate in this expanding market. Vast Data's CEO states the company is free cash flow positive. This demonstrates strong financial health.
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The startup was founded by Alon Horev, Jeff Denworth, Renen Hallak, and Shachar Fienblit. Their technology is protected by a patent portfolio of over 20 patents, and a team size of nearly 800.
