VAST Data, a New York–based AI operating system company, has raised about $1 billion at a $30 billion valuation.
Investors
The Series F round was co-led by Drive Capital and Access Industries. Fidelity Management & Research Company, New Enterprise Associates, and NVIDIA, along with additional new investors, also participated in the round.
Drive Capital is a U.S.-based venture capital firm founded in 2013 by Mark Kvamme and Chris Olsen, with headquarters in Columbus, Ohio. The firm focuses on investing in high-growth technology startups across sectors such as software, fintech, healthcare, and artificial intelligence, with a distinctive strategy of targeting companies outside traditional tech hubs like Silicon Valley.
Access Industries focuses on long-term value creation across diverse sectors, including media, entertainment, technology, and natural resources. The company operates as a diversified holding and investment group, deploying long-term capital across areas like media and entertainment, technology ventures, biotechnology, real estate, natural resources, and chemicals.
VAST Data Use of Funds
The company plans to use the funds to expand its AI operating system platform, accelerate global growth, and pursue strategic transactions to enhance its technology and partnerships.
About VAST Data
Led by CEO Renen Hallak, VAST Data is an AI infrastructure company that has developed a novel architecture called Disaggregated Shared Everything (DASE), which unifies data, compute, and real-time processing into a single platform. Its AI operating system enables organizations to build, train, and deploy AI models at a massive scale by collapsing traditional infrastructure layers. Founded in 2016, the company’s platform supports environments powering millions of GPUs and is widely adopted across enterprises, hyperscalers, and government organizations.
Funding Details
Company: VAST Data, Inc.
Raised: $1,000.0M
Round: Series F
Funding Date: April 2026
Lead Investors: Drive Capital, Access Industries
Additional Investors: Fidelity Management & Research Company, New Enterprise Associates, NVIDIA
Company Website: https://www.vastdata.com/
Software Category: AI Infrastructure / Data Platform
Source: https://www.globenewswire.com/news-release/2026/04/22/3279162/0/en/vast-data-valued-at-30-billion-as-ai-drives-a-new-infrastructure-stack.html