Observed Signal · Apr 22, 2026 · Funding · Source: CNBC Technology · Impact: 3/5 · Sentiment: Positive
Nvidia backs Vast Data at $30B valuation
Vast Data announced a $1 billion Series F funding round that values the AI-focused data-infrastructure company at $30 billion. The round was led by Drive Capital and Access Industries, with participation from Nvidia, Fidelity Management and Research Co. and NEA; it included both primary and secondary capital. Founded in 2016, Vast builds software for managing very large datasets for AI workloads and says it supports projects powering millions of GPUs. Customers named in the report include CoreWeave, Mistral, the U.S. Air Force and Cursor. Vast reported more than $4 billion in cumulative bookings and exited the prior fiscal year with over $500 million in committed annual recurring revenue. The new valuation more than triples the company’s $9.1 billion valuation from its 2023 raise. Dealroom data cited in the article notes record global AI funding this year.
Large VC-backed funding led by prominent investors (including Nvidia) signals continued heavy investment in AI infrastructure; Vast Data's scale and customer base matter for enterprise AI and cloud data infrastructure markets that can indirectly influence adtech data and ML capabilities.
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Key Takeaways & Evidence Grounding
- Vast Data raised $1 billion in a Series F funding round.
- The round values Vast Data at $30 billion.
- Drive Capital and Access Industries led the round; Nvidia, Fidelity Management and Research Co. and NEA participated.
- Vast Data makes software infrastructure for large-scale AI data management and lists customers including CoreWeave, Mistral, the U.S. Air Force and Cursor.
- Vast reported over $4 billion in cumulative bookings and more than $500 million in committed annual recurring revenue; its valuation rose from $9.1 billion in 2023.
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Nvidia's AI Investments Reach $99 Billion, Becoming Major Backer
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Trillions Flow into AI: Infrastructure Deals Reshape Industry
TechCrunch reports on the surge of multi‑billion dollar infrastructure deals and capital spending powering modern AI. Nvidia, hyperscalers and cloud providers are at the center: Nvidia’s CEO projects $3–4 trillion in AI infrastructure spending by decade end; Microsoft’s early investment in OpenAI grew from $1 billion in 2019 to nearly $14 billion; Oracle struck multi‑hundred‑billion and $30 billion deals with OpenAI; Nvidia has made large GPU‑for‑equity investments and bought a 4% stake in Intel; and hyperscalers (Amazon, Google, Meta) plan aggregate data center capex near $700 billion in 2026. The piece covers major new data centers, energy and environmental stresses, and the politically hyped "Stargate" joint venture to build large U.S. AI infrastructure.
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