Vast Data in Talks with Alphabet’s CapitalG, Nvidia for Funding at Up to B Valuation

Vast Data in Talks with Alphabet’s CapitalG, Nvidia for Funding at Up to $30B Valuation

Key Points

  • Vast Data is in talks with Alphabet’s CapitalG and Nvidia for funding
  • The potential valuation is up to $30 billion
  • The company develops storage technology for AI data centers
  • Vast Data has raised $380 million to date
  • The startup is reportedly free cash flow positive

Vast Data in talks with Alphabet’s CapitalG, Nvidia to fund round at up to $30B valuation

Vast Data, a New York-based AI storage platform, is in discussions with Alphabet’s venture arm CapitalG and existing backer Nvidia to secure a fresh round of funding. According to sources, this round could value the startup at up to $30 billion.

The potential investment round, which may close in the next few weeks, would make Vast Data one of the most valuable tech companies. The startup has developed storage technology that claims to enable efficiency in AI data centers, a sector that is gaining significant attention as the AI boom intensifies and the U.S. government supports the scaled build-out of data centers.

Vast Data has raised $380 million to date and is reportedly free cash flow positive, with its CEO Renen Hallak at the helm. The company earned $200 million in annual recurring revenue (ARR) by January 2025, with projections indicating growth to $600 million in ARR next year.

Source: techcrunch.com