VAST Data is negotiating a financing round that could elevate its valuation to $30 billion, making it one of the most valuable AI startups. Investors like Alphabet’s CapitalG and Nvidia are likely to participate, indicating a strong market focus on essential technology providers for AI. The company, known for optimizing storage infrastructure for AI data centers, has experienced impressive growth, projecting a rise in annual recurring revenue from $200 million to $600 million next year. VAST Data may consider an IPO in the future as it strengthens its financial position.
VAST Data is in discussions for financing that could elevate its valuation to $30 billion, positioning it among the top valuable AI startups.
The capital round’s investors include Alphabet's CapitalG and Nvidia, and highlights the essential role of technology companies in AI model training.
VAST Data's systems boost data exchange speed between GPUs, making the company appealing to significant clients like xAI and CoreWeave.
With a rapid revenue growth from $200 million to an expected $600 million next year, VAST Data is considered a viable IPO candidate.
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