VAST Data has secured $1 billion in funding at a valuation of $30 billion, supported by Nvidia, as the demand for AI data infrastructure continues to grow.

      Summary: VAST Data secured $1 billion in its Series F funding round, achieving a valuation of $30 billion, which more than triples its previous valuation of $9.1 billion. Drive Capital and Access Industries led the round, with participation from Nvidia, Fidelity, and NEA. Over $500 million of this funding is secondary capital. The company has reported $4 billion in cumulative bookings, over $500 million in committed annual recurring revenue (ARR), and is generating free cash flow, with revenue increasing approximately threefold year-over-year. Key clients include xAI’s 200,000-GPU Colossus cluster and CoreWeave’s $1.17 billion deal.

      VAST Data completed a Series F financing round, raising $1 billion at a $30 billion valuation, significantly up from its $9.1 billion Series E valuation in late 2023. The funding round was jointly led by Drive Capital and Access Industries, with contributions from Nvidia, Fidelity Management and Research Company, and NEA. More than half a billion dollars of this total will serve as secondary capital, benefiting early investors and employees selling shares rather than going directly to the company, alleviating liquidity pressure for long-standing shareholders and reducing the urgency for an IPO. This funding round positions VAST Data as the highest valued private tech firm established in Israel, following Google’s $32 billion acquisition of Wiz in March.

      The remarkable valuation also stems not only from raising a billion dollars in 2026 during a time of record AI funding rounds but from VAST Data’s unique role in data infrastructure, which operates at a critical point between GPUs and AI models. VAST Data is neither a foundation model company nor a cloud provider; it ensures data is delivered to processors swiftly enough to maintain their activity. Jensen Huang, CEO of Nvidia, publicly endorsed VAST at the company’s Forward 2026 conference, asserting, “with VAST Data, we’re transforming the storage of AI infrastructure,” and emphasized that without VAST’s technology, even the swiftest AI processors would face significant data bottlenecks. When the manufacturer of GPUs indicates that its chips require a specific data platform, investors take heed.

      What VAST Data actually does

      VAST Data offers what it terms an AI operating system that integrates storage, database, and computing into a singular platform. Its foundational architecture, dubbed DASE (Disaggregated and Shared Everything), was launched in February 2019 when the company came out of stealth mode. It emphasizes a flash-first, single-tier approach that discards the traditional data storage hierarchy, where data transfers between expensive, fast tiers and less costly, slow tiers. For AI applications that demand heavy data throughput, this tiering elimination alleviates bottlenecks that outdated storage systems are ill-equipped to manage.

      VAST’s platform has evolved beyond mere storage solutions. The offering includes VAST DataSpace, which creates a globally distributed namespace across various environments, including on-premises, cloud, and edge locations, with scalability into exabytes and trillions of files. VAST InsightEngine automates AI pipelines in real-time, managing tasks such as chunking, embedding, vectorization, and retrieval for purposes like retrieval-augmented generation, semantic search, and classification. VAST DataBase features an integrated vector store capable of handling trillion-vector scales with constant-time search. Additionally, VAST CNode-X, an Nvidia-certified system, incorporates GPU servers as primary infrastructure components within the platform, boasting a fully CUDA-accelerated version of the operating system tailored for Nvidia-powered servers. The core message is that VAST is not just a storage company that added AI capabilities, but rather a data platform constructed with AI in mind from the outset.

      The numbers

      VAST Data reports over $4 billion in cumulative bookings, with more than $500 million in committed annual recurring revenue as of the end of fiscal year 2026. According to CTech, the technology outlet of the Israeli financial paper Calcalist, total ARR, including non-committed revenue, has reached $2 billion. Revenue had roughly tripled year over year. The company generates over $100 million in cash each quarter and is positive in terms of cash flow, exhibiting a positive operating margin, which is uncommon for a company experiencing such rapid growth. Its customer base has quadrupled among Fortune 1000 companies, with the top 100 new customers averaging more than $1.2 million in spending. Contracts typically span five to seven years.

      Key customer relationships highlight the scale of VAST Data's operations. The firm powers the data platform for xAI’s Colossus supercomputing cluster, which utilizes over 200,000 Nvidia GPUs, where VAST claims to have cut the total cost of ownership by 50%. Additionally, CoreWeave entered into a $1.17 billion commercial agreement in November 2025, utilizing VAST as the primary data underpinning its Nvidia-enhanced computing cloud. Other notable customers include Pixar