Nvidia-backed VAST Data valued at $30 billion in latest funding round

VAST Data, backed by Nvidia, was valued at $30 billion after a Series F round that raised about $1 billion in primary and secondary capital, led by Drive Capital and Access Industries. The valuation is more than three times its 2023 level and reflects strong investor demand for AI infrastructure — data centers, high-performance computing and storage — that supports model training and deployment. The funding and VAST’s large commercial deals (including a $1.17 billion agreement with CoreWeave) underscore continued investor appetite for companies enabling the AI ecosystem, a development likely positive for suppliers like Nvidia that provide chips and hardware for AI workloads.