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VAST Data has closed a $1 billion funding round in 2026, lifting its valuation to $30 billion — a more than threefold increase from the $9.1 billion valuation the company carried in 2023.
The company, which operates in the AI infrastructure space, attributed the fundraise to growing demand for AI infrastructure. Proceeds are intended to expand VAST Data’s global presence and develop its technology further.
The sharp rise in valuation over a relatively short period suggests strong investor confidence in the AI infrastructure market, and the round may reflect broader momentum in the AI sector as companies race to build out the underlying systems that support artificial intelligence workloads.
Source: Funding-Tech-Economic Times