VAST Data Secures $1 Billion in Series F Funding, Achieving $30 Billion Valuation

VAST Data, a US-based AI infrastructure company, has successfully closed a $1 billion Series F funding round, elevating its valuation to $30 billion. This marks a significant increase from its previous valuation of $9.1 billion during its Series E round in late 2023. The funding was led by Drive Capital, with Access Industries as co-lead, and included participation from existing investors such as NVIDIA, Fidelity Management & Research Company, and New Enterprise Associates (NEA), alongside new investors.

VAST Data closes Series F round at $30B valuation

Founded in 2016 by Renen Hallak, VAST Data has developed an AI Operating System that integrates data storage, computing, and real-time processing into a unified platform. This architecture, known as Disaggregated Shared Everything (DASE), is designed to eliminate traditional trade-offs between scale, simplicity, performance, and cost. The platform has become essential for organizations looking to build, train, and run AI models at a global scale, supporting environments that utilize millions of GPUs.

Globes

VAST Data's technology is utilized by a diverse range of clients, including CoreWeave, Lowe’s, the United States Air Force, and Cursor, among thousands of others. The company reported cumulative bookings exceeding $4 billion and ended fiscal year 2026 with over $500 million in Committed Annual Recurring Revenue (CARR), alongside positive operating margins and free cash flow. This financial performance underscores VAST Data's position as a leader in the rapidly evolving AI infrastructure market.

VAST Data Hits $30B Valuation After Raising $1B in Series F Round

Industry experts have recognized VAST Data's pivotal role in the AI landscape. Chris Olsen, Co-Founder and Partner at Drive Capital, noted that the scale and speed of AI adoption are creating a new class of infrastructure companies, with VAST emerging as a clear leader. Renen Hallak emphasized that the layers of applications, models, and infrastructure are now interdependent, operating as a cohesive system through data, which has driven the demand for VAST's solutions.

VAST Data raises $1B Series F at a $30B valuationVAST Data closes Series F round at $30B valuationGlobes

The proceeds from the Series F funding will be directed towards global expansion, strategic acquisitions, and further development of VAST Data's AI Operating System. The company aims to solidify its position at the center of the AI ecosystem, responding to the increasing demand for advanced data infrastructure necessary for artificial general intelligence systems.

VAST Data closes Series F round at $30B valuationVAST Data raises $1B Series F at a $30B valuationGlobes

• “Hallak said, "We are already supporting AI environments spanning millions of GPUs globally, operating across every layer of the AI stack.” — Renen Hallak, Founder and CEO of VAST Data.

Globes

• “The scale and speed of AI adoption are creating a new class of infrastructure company,” — Chris Olsen, Co-Founder and Partner at Drive Capital.

VAST Data closes Series F round at $30B valuation

• “VAST’s data platform enables us to efficiently manage and scale the massive datasets required to train frontier models, ensuring high performance and flexibility across our training pipelines.” — Larry Feinsmith, Managing Director, Head of Global Tech Strategy, Innovation and Partnerships at JPMorgan Chase.

VAST Data closes Series F round at $30B valuation

VAST Data's recent funding round and its innovative approach to AI infrastructure position it as a key player in the ongoing transformation of the global AI landscape.

VAST Data closes Series F round at $30B valuation