VAST Data in Talks for $30 Billion Valuation with CapitalG and NVIDIA

Aug 4, 2025
VAST Data is negotiating a new funding round with CapitalG and NVIDIA, potentially valuing the company at $30 billion.
VAST Data in Talks for $30 Billion Valuation with CapitalG and NVIDIA

VAST Data is currently in discussions with CapitalG, Alphabet's venture arm, and existing investor NVIDIA to secure a new funding round. This round could value the AI storage platform at up to $30 billion.

The New York-based company, which was last valued at $9.1 billion in 2023, is aiming to close the funding round in the coming weeks. VAST Data specializes in developing storage technology designed to enhance efficiency in AI data centers, a sector gaining increased attention as the demand for AI infrastructure grows.

To date, VAST Data has raised $380 million and is reportedly free cash flow positive. The company achieved $200 million in annual recurring revenue by January 2025, with projections to reach $600 million in the following year. This potential funding round could position VAST Data as one of the most valuable tech companies in the AI infrastructure space.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)
Free newsletter

AI Funding Brief

AI Token Webinar

Industry analysis

2025 Global Business Services Agenda: Gen AI Takes Center Stage

The Hackett Group

This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.