VAST Data Secures $1 Billion Series F at $30 Billion Valuation to Scale AI Operating System

New updates have been reported about VAST Data.

VAST Data has closed a Series F funding round valuing the AI operating system developer at $30 billion, more than triple its $9.1 billion valuation from late 2023, with roughly $1 billion in primary and secondary capital led by Drive Capital and co-led by Access Industries alongside Fidelity, NEA, NVIDIA, and others. The company plans to deploy the primary proceeds to entrench its AI OS as core infrastructure for large-scale AI, accelerate international expansion, and pursue strategic deals that broaden its technology stack and partnerships.

Founded in 2016, VAST has built its platform on the DASE architecture to unify data, compute, and real-time processing, positioning its AI OS as a single system for training and running models across global AI data centers. The company reports over $4 billion in cumulative bookings, more than $500 million in Committed Annual Recurring Revenue, positive operating margin and free cash flow, and a Rule of X score of 228%, underscoring a blend of rapid growth and capital efficiency that investors such as Drive Capital cite as evidence VAST can support AI environments spanning millions of GPUs for customers including hyperscale clouds, financial institutions, and advanced AI labs.