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Nvidia backs AI company Vast Data at $30 billion valuation
Vast Data, which builds data management infrastructure for AI workloads, raised $1 billion at a $30 billion valuation with backing from Nvidia and other major investors.
What: Vast Data makes software infrastructure for managing large amounts of data for AI applications, supporting projects that power millions of GPUs with customers including CoreWeave, Mistral, the U.S. Air Force, and Cursor.
Why it matters: The valuation tripled from $9.1 billion since 2023, showing how infrastructure companies are capturing massive value from the AI boom, while Nvidia's investment reflects its strategy to build an ecosystem around its chips.
Takeaway: If you're building AI applications managing data across multiple GPUs, check out Vast Data's infrastructure offerings.
Original article
Nvidia backed Vast Data's $1 billion funding round, valuing the AI-focused infrastructure company at $30 billion.
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