Vast Data in discussions with CapitalG and Nvidia for funding at a valuation of up to $30 billion

Vast Data explores $30B valuation with CapitalG and Nvidia funding.

: Vast Data, an AI-focused storage company, is in advanced talks with CapitalG and Nvidia to secure funding at an impressive valuation of up to $30 billion. Formerly valued at $9.1 billion, the company aims to become a leader in the tech industry, known for its innovative storage solutions adapted to AI economies. Already generating $200 million in annual recurring revenue, Vast Data projects expanding this to $600 million by the following year, showcasing its robust growth amid increasing investments in AI infrastructure. As demand surges with AI-related technological advancements, securing this funding could significantly elevate Vast Data's market position.

Vast Data, a company specializing in AI storage technologies, has entered into discussions with CapitalG, Alphabet's venture investing arm, and existing investor Nvidia, aiming for a potential funding round that values the company as high as $30 billion. This marks a significant increase from its previous valuation of $9.1 billion in 2023. This potential deal underscores the increasing interest from investors in AI infrastructure, specifically as data center demands surge in light of AI expansion supported by governmental greenlights, particularly in the U.S.

According to reports, this investment round could be finalized in the next few weeks, emphasizing the urgency and interest surrounding Vast Data's innovative solutions. TechCrunch previously noted that Vast Data was attempting to raise funds at a slightly lower valuation, initially seeking a $25 billion valuation, reflecting its expanding influence and industry importance. This strategic move aligns with the broader market trend as AI becomes central to technological advancements globally.

Currently based in New York, Vast Data differentiates itself through its storage technology tailored for AI data centers. As the AI boom accelerates, there's an increasing need for efficiency in how data is stored and managed, pushing startups like Vast Data into the spotlight as attractive investment opportunities. Notably, CEO Renen Hallak has confidently stated that the company is already free cash flow positive, a strong indicator of its financial health and future potential.

To date, Vast Data has successfully raised $380 million and achieved $200 million in annual recurring revenue as of January 2025. The company's projections are optimistic, targeting a growth in annual recurring revenue to $600 million by the next year. These figures are significant, illustrating Vast Data’s strategic positioning and potential for substantial contribution to AI infrastructure.

For further insight into Vast Data's position and these developments, one can refer to information published by both Reuters and TechCrunch. These platforms provide additional context regarding the industry dynamics and potential impacts of this high-stakes funding round, offering a comprehensive view into Vast Data's market maneuvers and strategic planning.

Sources: Reuters, TechCrunch

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