VAST Data secures CoreWeave deal for $1.17 billion

"A collaboration between two rapidly growing AI companies is worth $1.17 billion to VAST Data. CoreWeave will now be able to use VAST Data's data platform and offer it to customers for their AI infrastructure. The expansion of the partnership will enable VAST to work more closely with CoreWeave, according to Reuters, which was the first to report on the deal. There are also many other large customers, such as hyperscaler AWS and other so-called neoclouds such as Nebius and now CoreWeave."

"For New York-based VAST Data, the agreement provides a major financial injection. The company had previously stated that it had a positive cash flow and reported at the beginning of this year that it had posted annual revenues of $200 million. The company's ambition is evident from its claim that it intends to become the "Operating System for the Thinking Machine." In other words: an AI OS."

"The agreement between VAST Data and CoreWeave spans several years. Normally, such deals are for three to five years, according to Reuters. CoreWeave will use VAST as the primary data platform for its cloud infrastructure. This infrastructure gives customers access to GPUs for training and running AI models. Incidentally, the range of neoclouds is relatively basic beyond that GPU access. Collaborations such as the one with VAST Data can create added value that has been largely lacking until now."

CoreWeave entered a multi-year, $1.17 billion agreement to adopt VAST Data as its primary data platform and to offer that platform to CoreWeave customers for AI infrastructure. The partnership allows closer operational alignment and gives VAST a significant financial injection. VAST reported positive cash flow and $200 million in annual revenue earlier in the year. VAST positions itself as an AI operating system, organizing data at the foundation while enabling dynamic retrieval of current data via RAG. CoreWeave’s cloud provides GPU access for training and running models, and VAST’s platform supports storage and processing of structured and unstructured data.

Read at Techzine Global