VAST Data $30 Billion Valuation

VAST Data, a company specializing in AI Operating Systems, announced the closing of its Series F financing round, raising approximately $1 billion. This financing round, led by Drive Capital and co-led by JK Industries, increased VAST Data's valuation to $30 billion, more than triple its Series E valuation from late 2023. Existing investors, including Fidelity Management & Research Company, New Enterprise Associates, and Nvidia, also participated. The funds will be used to solidify VAST Data's position in the AI ecosystem, fuel global growth, and support strategic transactions. The company's DASE architecture and AI Operating System are critical for managing large-scale AI environments, supporting millions of GPUs for clients like CoreWeave, Lowe s, and the United States. VAST Data reported strong financial performance with over $4 billion in cumulative bookings and more than $500 million in Committed Annual Recurring Revenue, along with positive operating margin and free cash flow.