12:20 PM EDT, 08/01/2025 (MT Newswires) -- (Updates with Nvidia ( NVDA ) response in the fifth paragraph.)

Alphabet's (GOOG) independent growth fund CapitalG and Nvidia ( NVDA ) are in talks to invest in Vast Data as part of a funding round that could value the company at up to $30 billion, Reuters reported Friday, citing two people with knowledge of the matter.

The New York-based firm, which builds data infrastructure for artificial intelligence workloads, is attracting investment from large tech companies, venture capital, and private equity, according to the report.

Nvidia ( NVDA ), an existing investor, and CapitalG are in discussions to join the round, which could close within weeks, Reuters said, citing the sources.

Vast Data generated $200 million in recurring annual revenue as of January and is aiming to reach $600 million next year, Reuters said, citing a separate source.

An Nvidia ( NVDA ) spokesperson declined to comment on the matter, while Alphabet and Vast Data did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 189.84, Change: -3.02, Percent Change: -1.57