Vast Data raised approximately $1 billion in a Series F funding round.
The investment brings the AI data platform’s valuation to $30 billion.
This represents a more than threefold increase from its $9.1 billion valuation in late 2023.
Drive Capital and Access Industries co-led the financing, which included primary and secondary capital.
Existing investors Nvidia, Fidelity, and NEA also participated in the round.
Vast Data develops software infrastructure to manage large datasets for artificial intelligence applications.
The company will use the capital to fuel global growth and strategic transactions.