Vast Data, an AI software and storage startup backed by Nvidia, raised a new funding round led by Fidelity Investments and including participation of venture capital firms NEA and Bond. The round values Vast Data at more than $9 billion, people familiar with the matter said, compared to its valuation of $3.7 billion set in 2021. Seven-year old Vast Data plans to use some of the proceeds of the fundraising to buy back stock from existing shareholders, the people said. The new shares that underpin the $9 billion valuation fetched a significantly higher price than the existing shares sold. The post Fidelity Backs AI Infrastructure Startup at $9 Billion-Plus Valuation appeared first on Top
Hence then, the article about fidelity backs ai infrastructure startup at 9 billion plus valuation was published today ( ) and is available onTOP world News today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Fidelity Backs AI Infrastructure Startup at $9 Billion-Plus Valuation )