Nvidia backs AI data infrastructure company Vast Data in $1B funding round at $30B valuation, triple its 2023 value; firm hit $4B in bookings serving GPU-heavy AI projects.

Nvidia backs AI company Vast Data at $30 billion valuation

Vast Data announced a $1 billion funding round at a $30 billion valuation on Wednesday, with Nvidia among those backing the AI company.Founded in 2016, Vast makes software infrastructure for managing large amounts of data, with a focus on AI applications. The company says it supports projects powering millions of GPUs. Customers include CoreWeave, Mistral, the U.S. Air Force and Cursor.The fresh round sees Vast more than triple the $9.1 billion valuation it hit when it last raised in 2023.Record...