VAST Data raises 1 billion boosting valuation to 30 billion for AI infrastructure demand

Published on 24 April 2026

A 2023 valuation near 9.1 billion just got a shock upgrade

VAST Data has raised $1 billion in a fresh funding round, pushing its valuation to $30 billion—up sharply from $9.1 billion in 2023. The data storage and AI infrastructure company attributes the surge to soaring demand for AI compute and storage. The new capital will support global expansion and further technology development, underscoring the sector’s rapid momentum.

VAST Data’s valuation jumps to $30 billion after a $1 billion round
The company grew from $9.1 billion valuation in 2023
Funding is aimed at global expansion and technology upgrades
The rise reflects surging demand for AI infrastructure

#vast data #ai infrastructure #funding #valuation #startup

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

VAST Data raises 1 billion boosting valuation to 30 billion for AI infrastructure demand

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