# Vast Data has raised $1 billion in a new funding round that values the company at $30 billion.

*genai · news · 2026-04-22 · TechStartups.com*

## Key points

- Vast Data raised $1 billion, tripling its valuation to $30 billion since 2023.
- Vast Data claims its systems support AI projects running on millions of GPUs globally.
- The company surpassed $4 billion in cumulative bookings and $500 million in annual recurring revenue.
- Nvidia participated in the round, reflecting its strategy to dominate AI infrastructure.
- Vast Data's recent $1.17 billion deal with CoreWeave highlights its central role in AI infrastructure.

**Companies:** NVIDIA, CoreWeave, Drive Capital, Access Industries, Fidelity Management and Research Company, NEA, Vast Data, Mistral, Cursor
**Countries:** United States

[Read the full story on TechStartups.com](https://techstartups.com/2026/04/22/nvidia-backed-ai-startup-vast-data-raises-1b-at-30b-valuation-as-ai-infrastructure-boom-accelerates/)

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