Signal #79852POSITIVE

VAST Data valued at $30 billion in latest funding round

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Artificial intelligence infrastructure provider VAST Data said on ‌Wednesday that it was valued ‌at $30 billion in its latest funding round, ​which included primary and secondary capital of about $1 billion. The round, series F, was led by Drive Capital, ‌with Access ⁠Industries acting as co-lead, and included participation from existing investors ⁠including Fidelity Management & Research Company, NEA, and Nvidia . New York-headquartered VAST Data ​develops storage ​technology specifically ​designed for large ‌AI data centers, enabling efficient data movement between graphics processors (GPUs) made by the likes of Nvidia.

AI Stock Newsabout 5 hours ago
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VAST Data valued at $30 billion in latest funding round — Steek | Steek