VAST Data, a company developing AI infrastructure, is exploring funding opportunities with CapitalG and Nvidia.
Investment Plans of CapitalG and Nvidia
Alphabet's CapitalG and Nvidia are in advanced discussions to invest in VAST Data. The prospective investments could raise the company's valuation to $30 billion. According to sources, VAST Data is looking to raise about $5 billion from various investors, including tech giants and private equity firms.
Technological Achievements of VAST Data
VAST Data develops specialized storage solutions for AI data centers, enabling high-speed data movement between graphics processors. The company has already attracted notable clients such as xAI and CoreWeave, highlighting the growing interest in its technology.
Future of VAST Data's IPO
Reports indicate that VAST Data reached $200 million in annual recurring revenue in January 2025 and expects to triple that figure. CEO Renen Halak noted that VAST Data is cash flow positive, which is uncommon among AI startups. While there are no immediate hints of an IPO, the appointment of a new CFO suggests preparations for future fundraising.
The interest from CapitalG and Nvidia in VAST Data highlights the increasing importance of AI infrastructure and may lead to significant market changes.
