people · May 22, 2026
VAST Data Closes Series F at $30 Billion Valuation
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VAST Data announced the closing of its Series F financing round on April 22, 2026, at a $30 billion valuation. The round was led by Drive Capital with Access Industries as co-lead and included Fidelity, NEA, NVIDIA, and new investors, with total transaction value around $1 billion. Renen Hallak, Founder and CEO of VAST Data, highlighted support for AI environments spanning millions of GPUs globally. The company reported over $4 billion in cumulative bookings and more than $500 million in committed annual recurring revenue with positive operating margin. Chris Olsen of Drive Capital described VAST as the emerging leader in the AI infrastructure category.
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