VAST Data Hits $30 Billion Valuation as AI Infrastructure Becomes a Global Priority

VAST Data announced the closing of its Series F financing today, reaching a $30 billion valuation that reflects the explosive growth of artificial intelligence infrastructure. The $1 billion funding round was led by Drive Capital and Access Industries, with participation from NVIDIA and Fidelity. This valuation marks a threefold increase from the company's status in late 2023, signaling a massive investor shift toward the foundation of deep learning systems. The financing includes approximately $500 million in primary capital and $500 million in secondary capital for employees and early investors. Primary proceeds will be used to advance the VAST AI Operating System, a platform designed to serve as the central nervous system for intelligent systems. This investment allows VAST to expand its technology footprint and pursue strategic partnerships across the global AI ecosystem. By unifying storage, database services, and compute into a single architecture, VAST allows organizations to train and run AI models at a global scale. The company's Disaggregated Shared Everything architecture eliminates the technical tradeoffs that historically separated data from real-time processing power. This framework collapses traditionally separate layers of the stack into a single, scalable system.

Financial performance remains a significant driver for investor confidence as the company surpassed $500 million in committed annual recurring revenue. VAST reported a Rule of X score of 228 percent, a metric highlighting its ability to maintain rapid growth alongside positive free cash flow. This fiscal durability is vital as enterprises seek stable partners for massive AI infrastructure projects.

Major organizations including CoreWeave, Mistral AI, and JPMorganChase already utilize the platform to manage the datasets required for frontier model training. VAST currently supports AI environments spanning millions of GPUs, providing the data layer for some of the world's most advanced inference initiatives. As AI factories scale globally, the software layer has become an essential component for reasoning AI.

"Applications, models, and infrastructure now operate as a single system through data," said Renen Hallak, Founder and CEO of VAST Data. Hallak noted that VAST sits at the center of how these systems work, which is driving high levels of demand. The company remains positioned for a long-term trajectory with significant cash reserves and a focus on sustainable innovation.