AI infrastructure powerhouse Vast Data is currently negotiating a fresh funding round with Alphabet’s venture arm, CapitalG, and existing investor Nvidia, a move that could propel the startup’s valuation to as high as $30 billion.
A Rapid Ascent in AI Valuation
The potential deal, first reported by Reuters, marks a significant jump from previous reports. Just last month, indications suggested that the New York-based firm was targeting a $25 billion valuation. Should the round finalize within the coming weeks as expected, Vast Data will cement its position as one of the tech sector’s most valuable private companies, a dramatic rise from its $9.1 billion valuation in 2023.
Driving Efficiency in AI Infrastructure
Vast Data specializes in advanced storage technology designed to optimize the performance and efficiency of AI-focused data centers. As the global AI boom accelerates and the U.S. government fast-tracks large-scale data center infrastructure projects, startups providing the backbone for these systems have become prime targets for venture capital.
Financial Performance and Growth Trajectory
To date, the startup has secured $380 million in funding. CEO Renen Hallak has confirmed that the company is currently free cash flow positive. Financial details provided to Reuters indicate that Vast Data reached $200 million in annual recurring revenue (ARR) as of January 2025, with internal projections forecasting that figure to climb to $600 million by next year.
