VAST Data, a leading provider of data storage solutions for AI infrastructure, is reportedly in late-stage discussions for a new funding round that could see its valuation soar to an impressive $30 billion. This potential investment round, which is said to include participation from Alphabet’s growth fund CapitalG and existing investor Nvidia, would mark a significant leap from the company’s previous $9.1 billion valuation in 2023. The strategic interest from these tech giants highlights the increasing demand for specialized infrastructure that can handle the intensive data requirements of modern AI applications. VAST Data’s technology, which focuses on providing efficient and scalable storage for large-scale data centers, has positioned it as a key player in the booming AI sector. With its annual recurring revenue projected to grow substantially, the company’s strong financial health and rapid expansion make it a top candidate for a public offering in the future, although no immediate plans have been announced.
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VAST Data’s Valuation Soars to $30B with Potential CapitalG and Nvidia Investment
VAST Data, a leading provider of data storage solutions for AI infrastructure, is reportedly in late-stage discussions for a new funding round that could see its valuation soar to an impressive $30 billion. This potential investment round, which is said to include participation from Alphabet’s growth fund CapitalG and existing investor Nvidia, would mark a […]
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