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.

CapitalG and Nvidia have entered talks to back AI infrastructure company VAST Data. The prospective investments from the Alphabet subsidiary, CapitalG, and Nvidia could raise VAST Data’s valuation to $30 billion.

Alphabet's growth-stage venture arm CapitalG and Nvidia are in talks to invest in artificial intelligence infrastructure provider Vast Data in a new funding round that could value the startup as high as $30 billion,

Alphabets growth-stage venture arm CapitalG and Nvidia (NASDAQ: NVDA) are reportedly in advanced talks to invest in AI infrastructure startup Vast Data, potentially valuing the company at up to $30 billion.

Data center storage provider Vast Data Inc. is reportedly in talks to raise a Sources told Reuters today that Nvidia Corp. and CapitalG, Alphabet Inc.’s growth-stage startup fund, could back the investment.