capital · May 16, 2026
VAST Data Raises $1 Billion in Series F at $30 Billion Valuation
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VAST Data secured approximately $1 billion in a Series F funding round on April 22, 2026, reaching a $30 billion valuation. Drive Capital led the round with Access Industries as co-lead, and participants included NVIDIA, Fidelity, and NEA. The company surpassed $4 billion in cumulative bookings and reported over $500 million in committed annual recurring revenue for fiscal year 2026. VAST Data operates the VAST AI Operating System with DASE architecture and counts CoreWeave, Lowe’s, US Air Force, and Cursor among customers powering millions of GPUs. Renen Hallak founded VAST Data in 2016.
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