Vast Data Eyes Up To $30B Valuation in New Funding Talks
Summary
- Vast Data is in talks with Alphabet's CapitalG and Nvidia for a new funding round.
- The company could be valued at up to $30 billion.
- This represents a substantial increase from its 2023 valuation of $9.1 billion.
- Vast Data provides storage technology for AI data centers.
Overall Sentiment: 🟢 Positive
AI Explanation
AI storage platform Vast Data is reportedly in discussions to secure a new funding round, with potential investors including Alphabet's venture capital arm, CapitalG, and current investor Nvidia. The fundraising effort could value the company at as much as $30 billion. This potential valuation marks a significant increase from its last known valuation of $9.1 billion in 2023. Vast Data specializes in storage technology designed to enhance the efficiency of AI data centers, a sector experiencing rapid growth and government investment.
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