Vast Data raises $1 billion in Series F funding at $30 billion valuation

Type: Financing · Technology: Data Center · Country: United States · Value: $1B · Announced: 2026-04-22

Vast Data completed a $1 billion Series F funding round at a $30 billion valuation, led by Drive Capital and Access Industries with participation from existing investors including Fidelity Management & Research Company, NEA, and Nvidia. The funding round included both primary and secondary capital, with proceeds allocated to solidify Vast's AI operating system's role in the AI ecosystem and fuel further growth. The company's valuation increased more than threefold since its last funding round in 2023, when it was valued at $9 billion. Vast Data's AI OS underpins several major neoclouds' AI platforms, including CoreWeave, Firmus, Nscale, and Fluidstack. The company reported surpassing $4 billion in cumulative bookings and exited the previous fiscal year with over $500 million in Committed Annual Recurring Revenue (CARR), alongside positive operating margin and free cash flow.

Counterparties

Source article