Dentons Advises Drive Capital on Investment in $30B AI Infrastructure Company

Dentons advised Drive Capital on its participation in VAST Data's Series F financing, a significant late-stage transaction reflecting continued investment in AI infrastructure and data platforms. The round included both primary and secondary capital, bringing the total transaction value to approximately $1 billion and valuing VAST Data at $30 billion. Drive Capital led the financing with participation from Access Industries, Fidelity Management & Research Company, NEA, NVIDIA, and others. The matter underscores Dentons' ongoing work advising venture capital investors on complex, high-value financings.

The Dentons team was led by partners Victor Boyajian, Jim Jasaitis, David Papier, with support from partners Ira Kotel and Linda Pfatteicher, and senior managing associate Shaun Altshuller.

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