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Vast Data has raised $1 billion in a new funding round that values the company at $30 billion.
Vast Data raised $1 billion, tripling its valuation to $30 billion since 2023.
KEY POINTS
- 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
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