VAST Data, Inc. announced that it has received funding from NVIDIA Corporation, Fidelity Management & Research Company LLC, Access Industries, Inc., New Enterprise Associates, Inc., Drive Capital, LLC, other investors
Published on 04/22/2026
at 01:51 pm EDT - Modified on 04/22/2026
at 02:05 pm EDT
VAST Data, Inc. announced that it has received funding co-led by returning investor Drive Capital, LLC and new investor Access Industries, Inc. on April 22, 2026. The company issued convertible preferred shares in the transaction. The transaction includes participation from returning investors including NVIDIA Corporation, Fidelity Management & Research Company LLC, , New Enterprise Associates, Inc. and alongside new investors.
The financing included primary and secondary capital, bringing the total funding to approximately $1 billion. The company raised funding at a post-money valuation of $30 Billion.
NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (89%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (11%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (88.3%), gaming (8.7%), professional visualization (1.4%), automotive (1.3%) and other (0.3%).
Net sales are distributed geographically as follows: the United States (46.9%), Singapore (18.2%), Taiwan (15.8%), China and Hong Kong (13.1%) and other (6%).
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VAST Data, Inc. announced that it has received funding from NVIDIA Corporation, Fidelity Management & Research Company LLC, Access Industries, Inc., New Enterprise Associates, Inc., Drive Capital, LLC, other investors
