VAST Data has raised around US$1 billion in a Series F funding round that values the AI infrastructure company at US$30 billion, more than triple its US$9.1 billion valuation from its Series E round in 2023.
The round was led by Drive Capital, with Access Industries as co-lead investor. Existing investors including NVIDIA, Fidelity Investments and New Enterprise Associates also participated, alongside new investors.
The financing included both primary and secondary capital. VAST Data said the primary proceeds will support global expansion, strategic transactions and the development of its AI Operating System platform.
Founded in 2016, VAST Data develops data infrastructure systems designed to support large-scale AI workloads.
Its platform combines data storage, computing and real-time processing into a single architecture intended to support AI model training, inference and related applications.
The company said its technology is used by organisations including CoreWeave, Lowe’s, the United States Air Force and Cursor.
“We are already supporting AI environments spanning millions of GPUs globally, operating across every layer of the AI stack,”
said Renen Hallak, Founder and Chief Executive of VAST Data.
“Applications, models and infrastructure now operate as a single system through data.”
VAST Data said it has surpassed US$4 billion in cumulative bookings and ended fiscal year 2026 with more than US$500 million in committed annual recurring revenue, alongside positive operating margins and free cash flow.
Featured image credit: Edited by Fintech News Switzerland, based on image by mrsiraphol via Freepik
