VAST Data signed a $1.17 billion commercial pact to serve as CoreWeave’s primary data platform, deepening ties between two fast-growing players in AI infrastructure. The multi-year deal, which the companies said typically spans three to five years, will align product roadmaps to speed data access for GPU-heavy AI workloads; detailed terms weren’t disclosed. New York-based VAST, which says it is free-cash-flow positive and reached $200 million in annual recurring revenue by January 2025, counts AWS, Nebius and Musk’s xAI among customers. The agreement highlights the race to build out the plumbing of generative AI—where Nvidia-backed CoreWeave and software providers like VAST are vying for share—and could bolster VAST’s fundraising and eventual IPO prospects after its 2023 round valued it at $9.1 billion.
Nvidia-backed VAST Data strikes $1.17 billion AI platform agreement with CoreWeave
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