The vast amount of data from the AI storage platform has been reported, citing two sources, in consultation with Alphabet's venture arm capital and existing backer Nvidia, bringing up a fresh round that could potentially value startups of up to $30 billion.
TechCrunch last month reported that a huge amount of data is working to raise funds at a $25 billion valuation.
The round could close in the coming weeks with a massive New York-based data (worth $9.1 billion in 2023) for one of the most valuable tech companies, Reuters.
The vast amount of data develops storage technologies that claim to enable the efficiency of AI data centers. As AI Boom intensifies and the US government greenlights down reduced build-outs of data centers, AI infrastructure startups are becoming a hot new focus for investment.
The startup has raised $380 million so far, and CEO Renen Harak said the company has positive free cash flow. Sources told Reuters that the vast amount of data had earned $200 million in annual recurring revenue (ARR) by January 2025, and a forecast that would grow to $600 million in ARR next year.