Alphabet’s CapitalG and Nvidia in Talks to Fund AI Startup Vast Data at $30 Billion Valuation, Up from $9.1 Billion

Alphabet's venture capital arm CapitalG and chipmaker Nvidia are in discussions to invest in Vast Data, an AI infrastructure startup, in a funding round that could value the company at up to $30 billion. This potential valuation marks a more than threefold increase from Vast Data's $9.1 billion valuation in 2023. The New York-based startup is reportedly expected to triple its annual recurring revenue (ARR) next year if the funding round proceeds. The talks highlight growing investor interest in AI infrastructure providers amid a competitive landscape that includes other startups such as Surge AI, which is seeking $1 billion at a $25 billion valuation. The funding round involving CapitalG and Nvidia would position Vast Data among the most valuable AI startups globally.