positive
5 days agoVast Data Signs $1.17 B Deal to Power AI Infrastructure
Vast Data, a data-platform firm backed by NVIDIA Corporation, has inked a $1.17 billion multi-year agreement with cloud provider CoreWeave to serve as its primary data platform for GPU-powered AI workloads. The deal underscores the rising demand for specialised infrastructure in generative AI. Vast Data, which reported about $200 million in annual recurring revenue earlier this year, is also rumoured to be planning a funding round with a potential valuation near $30 billion.
Explore:Mutual Fund Themes
positive
5 days agoVast Data Signs $1.17 B Deal to Power AI Infrastructure
Vast Data, a data-platform firm backed by NVIDIA Corporation, has inked a $1.17 billion multi-year agreement with cloud provider CoreWeave to serve as its primary data platform for GPU-powered AI workloads. The deal underscores the rising demand for specialised infrastructure in generative AI. Vast Data, which reported about $200 million in annual recurring revenue earlier this year, is also rumoured to be planning a funding round with a potential valuation near $30 billion.
Explore:Mutual Fund Themes
5 days ago
1 min read
73 words
Vast Data secures a major $1.17 bn contract with CoreWeave, highlighting strong demand for AI infrastructure.
Vast Data, a data-platform firm backed by NVIDIA Corporation, has inked a $1.17 billion multi-year agreement with cloud provider CoreWeave to serve as its primary data platform for GPU-powered AI workloads. The deal underscores the rising demand for specialised infrastructure in generative AI. Vast Data, which reported about $200 million in annual recurring revenue earlier this year, is also rumoured to be planning a funding round with a potential valuation near $30 billion.
Vast Data, a data-platform firm backed by NVIDIA Corporation, has inked a $1.17 billion multi-year agreement with cloud provider CoreWeave to serve as its primary data platform for GPU-powered AI workloads. The deal underscores the rising demand for specialised infrastructure in generative AI. Vast Data, which reported about $200 million in annual recurring revenue earlier this year, is also rumoured to be planning a funding round with a potential valuation near $30 billion.
Companies:
Vast Data
CoreWeave
NVIDIA Corporation
Tags:
ai
startups
ai
startups
infrastructure
cloud
USA
Nov 6, 2025 • 17:54 IST