{"id":621567,"date":"2026-04-22T18:18:09","date_gmt":"2026-04-22T18:18:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/621567\/"},"modified":"2026-04-22T18:18:09","modified_gmt":"2026-04-22T18:18:09","slug":"nvidia-backs-ai-company-vast-data-at-30-billion-valuation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/621567\/","title":{"rendered":"Nvidia backs AI company Vast Data at $30 billion valuation"},"content":{"rendered":"

Vast Data announced a $1 billion funding round at a $30 billion valuation on Wednesday, with Nvidia<\/a> among those backing the AI company.<\/p>\n

Founded in 2016, Vast makes software infrastructure for managing large amounts of data, with a focus on AI applications. The company says it supports projects powering millions of GPUs. Customers include CoreWeave, Mistral, the U.S. Air Force and Cursor.<\/p>\n

The fresh round sees Vast more than triple the $9.1 billion valuation it hit when it last raised in 2023.<\/p>\n

Record funding has already been raised this year by AI companies globally, with investors writing checks to the tune of $280.5 billion, according to Dealroom. More than $170 billion has been raised by OpenAI<\/a>, Anthropic<\/a> and xAI<\/a>. <\/p>\n

Drive Capital and Access Industries led Vast Data’s Series F. Fidelity Management and Research Co. and NEA participated, as well as Nvidia. The financing included primary and secondary capital. <\/p>\n

“The scale and speed of AI adoption are creating a new class of infrastructure company,” said Chris Olsen, co-founder and partner at Drive Capital, in a statement. <\/p>\n

“VAST is emerging as the clear leader in this category, with the architecture and momentum to support the world’s most demanding AI environments.”<\/p>\n

The company said it surpassed $4 billion in cumulative bookings and exited the previous fiscal year with more than $500 million in committed annual recurring revenue.<\/p>\n

Nvidia has ramped up its financial backing<\/a> of private startups in the past year as it has looked to cement its position at the heart of the AI boom.<\/p>\n

So far this year, the chip giant contributed to major funding rounds for AI labs OpenAI, Anthropic and xAI, alongside others, including neocloud Nscale and autonomous driving company Wayve.<\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Vast Data announced a $1 billion funding round at a $30 billion valuation on Wednesday, with Nvidia among…\n","protected":false},"author":2,"featured_media":621568,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,2158,161,49,48,1369,61,1666],"class_list":{"0":"post-621567","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-breaking-news-technology","12":"tag-business-news","13":"tag-ca","14":"tag-canada","15":"tag-nvidia-corp","16":"tag-technology","17":"tag-u-s-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/621567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=621567"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/621567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/621568"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=621567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=621567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=621567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}