Nvidia-backed VAST Data valued at $30 billion in latest funding round
VAST Data, a New York-based company backed by Nvidia, has been valued at $30 billion in its latest funding round, led by Drive Capital and Access Industries. The company builds software for storing and processing large volumes of AI-related data.
VAST Data, backed by Nvidia, has been valued at $30 billion in its latest funding round. The Series F round fetched about $1 billion in primary and secondary capital. The company builds software for storing and processing large volumes of AI-related data. Its customers include Elon Musk's xAI and CoreWeave. The funding will be used to expand VAST Data's global footprint and strengthen partnerships. VAST Data was valued at $9.1 billion in 2023, making this a significant increase.
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