Nvidia-Backed Vast Data Raises $1 Billion, Hits $30bn Valuation
Updated
Updated · Bloomberg · Apr 22
Nvidia-Backed Vast Data Raises $1 Billion, Hits $30bn Valuation
2 articles · Updated · Bloomberg · Apr 22
Vast Data, backed by Nvidia, has raised $1 billion in funding, tripling its valuation to $30 billion.
The round was led by Drive Capital and Access Industries, with participation from Nvidia, Fidelity, and NEA, including both primary and secondary capital.
Vast Data provides AI-focused data infrastructure and counts CoreWeave, Mistral, and the U.S. Air Force among its customers, reflecting rapid AI sector growth.
Is Vast Data's $30B valuation a sign of an AI bubble or the rise of a new tech titan?
With a huge secondary sale, is Vast Data prioritizing investor payouts over fueling future growth?
Can Vast Data's 'AI Operating System' truly solve the data bottleneck for next-generation AI?
How is Nvidia using its investment arm to build a powerful ecosystem for its AI chips?
As AI's energy demand soars, can software innovation reduce the industry's carbon footprint?