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Vast Data Secures $1.17B Deal, Eyes $30B Valuation

11/8/2025

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Summary

Story summary

Vast Data has secured a $1.17 billion deal with CoreWeave to provide data management software for three to five years.
CoreWeave's cloud services use Nvidia GPUs for AI model training.
The deal positions Vast to increase revenue after reaching $200 million in annual recurring revenue by early 2025.
The agreement underpins Vast's fundraising and could push its valuation toward $30 billion, attracting Nvidia and Alphabet's CapitalG.

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Story summary

Vast Data has secured a $1.17 billion deal with CoreWeave to provide data management software for three to five years.
CoreWeave's cloud services use Nvidia GPUs for AI model training.
The deal positions Vast to increase revenue after reaching $200 million in annual recurring revenue by early 2025.
The agreement underpins Vast's fundraising and could push its valuation toward $30 billion, attracting Nvidia and Alphabet's CapitalG.