Nvidia Backs Vast Data In $1 Billion Funding Round

Vast Data has raised $1 billion in fresh funding at a $30 billion valuation, with backing from Nvidia and other major investors, according to the company’s announcement.

The report said the round more than triples Vast Data’s 2023 valuation, underscoring strong investor appetite for AI infrastructure firms.

Nvidia backs AI company Vast Data at $30 billion valuation https://t.co/kW6JZ8MuTE

— CNBC International (@CNBCi) April 22, 2026

Founded in 2016, the company develops software systems to manage large-scale data for artificial intelligence workloads. Its clients include major AI players and government agencies.

According to the report, Drive Capital and Access Industries led the funding round, with participation from Fidelity, NEA and Nvidia. The company reported over $4 billion in cumulative bookings and more than $500 million in annual recurring revenue.

The deal reflects surging global investment in AI, with firms like OpenAI attracting significant capital as competition intensifies.

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tippinsightsTIPP Staff