Vast Data, an AI data storage company, is in discussions with Alphabet's CapitalG and Nvidia for a new funding round that could value the company at $30 billion. This investment aims to secure billions in fresh capital from tech giants, private equity, and venture capital investors. If successful, this round would position Vast Data as one of the most valuable AI startups globally.
Vast Data is developing an AI operating system designed as a global data platform. By January 2025, the company reached $200 million in annual recurring revenue (ARR) and anticipates increasing ARR to $600 million next year. To date, Vast Data has raised approximately $380 million, with its valuation last set at $9.1 billion in 2023.
The company's free cash flow is positive, and its client base includes companies like Elon Musk's XAI and CoreWeave. While an IPO is not imminent, the data infrastructure startup is considered a likely candidate by investors and bankers.
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