
Vast Data raised $1 billion in Series F at a $30 billion valuation. The round closed with both primary and secondary capital, reflecting strong market appetite for AI‑centric data infrastructure and confirming the company’s ability to scale to meet the needs of “the world’s most demanding AI environments.”
Drive Capital and Access Industries led the Series F, with participation from Nvidia, Fidelity Management and Research Company and NEA. CNBC reported on 2026-04-22 that the financing will support the company’s continued development of its software infrastructure for massive AI workloads.
2016 Launch and $4B Bookings Milestone
Founded in 2016, Vast Data builds software infrastructure for managing large amounts of data, with a focus on AI applications. The company says it supports projects powering millions of GPUs and counts CoreWeave, Mistral, the U.S. Air Force and Cursor among its customers. It has surpassed $4 billion in cumulative bookings and exited the previous fiscal year with more than $500 million in committed annual recurring revenue. “The scale and speed of AI adoption are creating a new class of infrastructure company,” said Chris Olsen, cofounder and partner at Drive Capital.
Drive Capital, Access Industries and Nvidia: Why They Invested
Drive Capital’s decision to lead rather than co‑invest suggests a higher conviction in Vast’s market position, while Access Industries brings deep industry connections. Nvidia’s participation underscores its strategy to back companies that enable GPU‑heavy workloads. The article notes Vast’s valuation is more than triple the $9.1 billion it hit when it last raised in 2023, highlighting rapid growth.
Nvidia’s Parallel AI Deals: OpenAI, Anthropic, xAI, Nscale, Wayve
Nvidia has also contributed to major funding rounds for AI labs OpenAI, Anthropic and xAI, alongside other startups such as neocloud Nscale and autonomous‑driving company Wayve, demonstrating its broad commitment to the AI ecosystem.
Nvidia has ramped up its financial backing of private startups in the past year, cementing its role at the heart of the AI boom.








![Anthropic Series G Funding: $50B Raise at $900B Valuation ["Anthropic funding","Anthropic valuation","Series G","AI startup funding","OpenAI competitor","enterprise AI"]](https://krolmarc.com/wp-content/uploads/2026/05/1777648410595-019de419-b4bf-75ab-91d6-4be4151be74c-1024x572.png)