Alphabet's CapitalG and Nvidia in Talks to Fund AI Startup Vast Data at $30 Billion Valuation, Over 3x 2023 Value

Alphabet's venture capital arm CapitalG and semiconductor company Nvidia are in discussions to invest in AI infrastructure startup Vast Data, potentially valuing the company at up to $30 billion. This valuation represents more than a threefold increase from Vast Data's $9.1 billion valuation in 2023. The funding round could position Vast Data as one of the most valuable AI startups and is expected to significantly boost its annual recurring revenue (ARR) in the coming year. The talks have been reported by multiple sources including Reuters, TechCrunch, and Bloomberg. Separately, Dubai-based fintech company Alaan has raised $48 million in one of the Middle East's largest Series A funding rounds, reflecting ongoing investment activity in AI-powered financial technology in the region.