Hmmmm, sorta interesting. This Vast Data company is a pre-IPO startup trying to raise capital.
Vast Data in talks with Alphabet’s CapitalG, Nvidia to fund round at up to $30B valuation
finance.yahoo.com
AI storage platform Vast Data is in talks with Alphabet’s venture arm CapitalG and existing backer Nvidia to raise a fresh round that could value the startup at up to $30 billion, Reuters reported, citing two sources.
TechCrunch reported last month that Vast Data was working to raise funds at a $25 billion valuation.
The round could close in the next few weeks, per Reuters, which would make New York-based Vast Data — last valued at $9.1 billion in 2023 — one of the most valuable tech companies.
Vast Data develops storage technology that claims to enable efficiency in AI data centers. As the AI boom intensifies and the U.S. government greenlights the scaled build-out of data centers, AI infrastructure startups are becoming a hot new focus for investment.
The startup has raised $380 million to date, and its CEO Renen Halak said the company is free cash flow positive. Sources told Reuters that Vast Data earned $200 million in annual recurring revenue (ARR) by January 2025, with projections to grow to $600 million in ARR next year.
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SIMO has a relationship of some sort with Vast Data. From the confence call:
At the upcoming FMS conference next week, we will be cohosting a demo with VAST Data to demonstrate how our Mon Titan SSD can deliver a compelling solution for the insatiable growth in AI application.
The collaboration will showcase the VAST DATA storage class memory, or SCM, for its new Seres V2 platform, Seres V2 leverage NVIDIA BlueField-3 DPU platform for AI storage. The Seres intelligent story platform are used by system integrator and architects and deployed at hundreds of large enterprises around the world, including banks, data centers, retailers, multinational conglomerate and other leading companies that are leveraging or are developing AI application. We invite you to join us at FMS to see how our Mon Titan solution will drive the next wave of AI solutions for the next several years.
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If SIMO catches more of the "AI buzz" it's worth probably a few bucks per share higher price. Lets see what happens a the Flash conference next week...... |
