VAST Data Nears $30B Valuation with Alphabet, Nvidia Backing

VAST Data, the AI infrastructure startup specializing in high-performance storage solutions, is finalizing a funding round that could value the company at $30 billion. Alphabet's CapitalG and Nvidia are among the lead investors in the $5 billion raise, signaling intensified competition for AI infrastructure assets.

The New York-based firm's technology enables rapid data transfer between GPUs, a critical capability for AI training workloads. Its client roster includes Elon Musk's xAI and cloud provider CoreWeave. Nvidia's participation reinforces its strategic positioning across the AI data stack, while Alphabet gains its first major foothold in AI infrastructure.

With $200 million in annual revenue and marquee backers, industry observers speculate this funding round may position VAST Data for a future IPO. The deal's closure is expected within weeks.