Vast Data Lands $1.17B CoreWeave AI Infrastructure Deal

Vast Data’s $1.17B Step Up with CoreWeave

On November 6, 2025, Vast Data, financially backed by Nvidia, announced a $1.17 billion commercial agreement with AI cloud provider CoreWeave. The multi-year deal makes Vast the primary data platform for CoreWeave’s GPU-centric workloads. For Tredu readers, the signal is clear: Vast Data converts its software-driven architecture into long-term contracted revenue at the center of one of the fastest-growing neocloud players. Under the agreement, CoreWeave will rely on Vast’s platform to store and serve the massive datasets that underpin training and inference for large-scale artificial intelligence models.

How the deal is structured

The $1.17 billion figure reflects the total value of committed services over the contract term, expected to span several years. CoreWeave will standardize on Vast as its main data platform across clusters that provide customers access to Nvidia accelerators, so storage, metadata and data access are tuned specifically for AI training and inference. Vast operates on a consumption and feature-based model, meaning higher utilization and adoption of advanced services translate directly into recurring revenue and clearer visibility on cash flows.

Strategic win in the AI cloud stack

The agreement cements Vast Data’s role as a core building block in the AI infrastructure stack. By serving as the primary data platform behind CoreWeave’s GPU cloud, Vast positions itself one tier above raw silicon and one tier below model builders, a position that becomes entrenched once petabyte-scale datasets and workflows are standardized. For CoreWeave, consolidating on a single high-performance data layer is designed to improve efficiency, simplify operations across multiple sites, and shorten deployment timelines for new AI capacity. The size and length of the commitment also signal that AI infrastructure demand is viewed as structural, not a brief spending spike.

Relationship map: Vast, CoreWeave, Nvidia

Vast Data counts Nvidia among its investors, while CoreWeave is a major Nvidia partner and fast-growing AI cloud operator. Nvidia supplies accelerators into CoreWeave facilities; CoreWeave runs those GPUs on Vast’s platform; Vast gains validation inside an Nvidia-aligned ecosystem. This alignment lets CoreWeave assure customers that its storage architecture is optimized for high-throughput training clusters and gives Vast reference deployments that can support further wins.

Revenue visibility and IPO optics

Vast has indicated that it is free-cash-flow positive with annual recurring revenue of roughly $200 million, and prior reporting says the company has explored new fundraising at valuations that could reach $30 billion, up from $9.1 billion in 2023. The CoreWeave contract provides a material anchor for that trajectory by strengthening both booked and expected revenue. Showing that Vast can move from niche deployments to foundational roles at hyperscale and neocloud providers is a key credential for any future listing.

Competitive positioning in AI data infrastructure

The deal underscores how AI infrastructure buyers are choosing partners. Rather than stitching together fragmented storage silos, operators such as CoreWeave are standardizing on platforms that combine object, file and database-like access with high bandwidth and low latency. Vast promotes a single architecture designed to eliminate hot and cold tiers and reduce bottlenecks that leave GPUs idle. Winning CoreWeave in a demanding production environment raises the bar for legacy arrays and point solutions that are less integrated with AI workloads.

Why CoreWeave is leaning in

CoreWeave has committed tens of billions of dollars to AI data centers and secured arrangements with Nvidia to underpin that capacity. In that context, a unified data layer is both a technical choice and a financial hedge. Vast’s software is built to feed GPUs quickly and predictably, improving utilization and helping CoreWeave defend returns on large capital programs. Joint roadmap planning lets the two companies design features around real workloads, from training pipelines to retrieval-augmented generation, instead of retrofitting general-purpose storage.

Multi-client strategy stays intact

The CoreWeave agreement is a flagship win, not an exclusive lock. Vast is pursuing a portfolio of hyperscale, sovereign and enterprise customers. A diversified client base reduces reliance on any single buyer and increases the chance that Vast’s platform becomes a de facto standard for high-performance AI data infrastructure, with the CoreWeave deal as proof of scalability.

Risks and execution watchpoints

Execution risks remain. Vast must preserve its performance edge as models grow larger and competitors invest in vertically integrated alternatives. CoreWeave must deliver on its buildout so that committed volumes translate into realized spend. Broader risks include a slowdown in AI infrastructure investment, shifts in preferred architectures, or regulatory pressure on advanced compute that could affect deployment timing. For now, the structural trend toward GPU-intensive workloads keeps demand supportive, but utilization and renewal metrics will be watched closely.

Bottom line

Vast Data’s $1.17 billion CoreWeave AI infrastructure contract places its platform at the center of a rapidly expanding GPU cloud, deepens alignment with Nvidia’s ecosystem, and extends multi-year revenue visibility. It marks a step change from promising AI storage vendor to embedded backbone provider in the generative AI buildout.