Research · Datacenter Dynamics
Vast Data locks in $1bn in Series F funding at $30bn valuation
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Vast Data has completed its Series F funding round, bringing in around $1 billion in capital at a $30 billlion valuation.
Key facts
- Vast Data has completed its Series F funding round, bringing in around $1 billion in capital at a $30 billlion valuation
- The company has now surpassed $4 billion in cumulative bookings and exited the previous fiscal year with more than $500 million in Committed Annual Recurring Revenue (CARR), along with positive
- Meanwhile, hot cloud storage company Wasabi Technologies has secured a $250 million credit facility led by Bain Capital and with participation from US Private Credit Investments, a division of BTG
- At the start of this year, Wasabi raised $70 million in an equity funding round that valued the company at $1.8 billion
Summary
Also this week, hot cloud storage company Wasabi Technologies secured a $250 million credit facility. Vast's Series F round has comprised both primary and secondary capital, the proceeds of which will be used to solidify its AI operating system's role in the AI ecosystem and fuel further growth. The storage-turned-AI data platform and operating system provider has seen its valuation increase more than threefold since its last funding round, a Series E round that saw the company valued at $9bn at the end of 2023. The latest funding round was led by Drive Capital, with Access Industries acting as co-lead, and included participation from existing investors, including Fidelity Management & Research Company, NEA, and Nvidia, alongside new investors.