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VAST Data Secures $1 B Series F, Valued at $30 B

4/24/2026

Summary

VAST Data Raises

VAST Data raised about $1 billion in a Series F round that values it at $30 billion, with Drive Capital leading, Access Industries co-leading and investors NVIDIA, Fidelity Investments and New Enterprise Associates.
The proceeds will fund expansion, strategic transactions and development of its AI Operating System platform.
Founded in 2016, VAST Data reported over $4 billion in bookings for year 2026 and serves CoreWeave and the United States Air Force with its platform.

Summary

VAST Data Grows

VAST Data posted a Rule of X score of 228% for its year, showing growth and profitability.
The firm posted an operating margin, cash flow and $4 billion in bookings.
VAST’s (DASE) collapses layers, letting customers run AI models on a platform.
CEO Renen Hallak said VAST supports AI environments spanning millions of GPUs worldwide, which Drive Capital partner Chris Olsen and Mistral AI co-founder Timothée Lacroix deem critical for training.

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VAST Data Raises

VAST Data raised about $1 billion in a Series F round that values it at $30 billion, with Drive Capital leading, Access Industries co-leading and investors NVIDIA, Fidelity Investments and New Enterprise Associates.
The proceeds will fund expansion, strategic transactions and development of its AI Operating System platform.
Founded in 2016, VAST Data reported over $4 billion in bookings for year 2026 and serves CoreWeave and the United States Air Force with its platform.

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