The week’s largest IT funding rounds confirm a clear pattern: capital continues to concentrate on the infrastructure that underpins enterprise AI. Storage platforms, GPU cloud operators, and domestic chip programs drew the biggest checks, while DevSecOps and developer tooling rounds signaled that the software supply chain is still considered part of the same build-out. The five deals below, ranked by size, illustrate where enterprise IT budgets are expected to flow next.

VAST Data

Round: Series F (approximately $1 billion) | Sector: Data Storage / AI data infrastructure

VAST Data closed a roughly $1 billion Series F at a $30 billion valuation, more than tripling the company’s late-2023 mark, with Drive Capital and Access Industries co-leading alongside NVIDIA, Fidelity, and NEA. The financing is a clear statement that investors view AI-era data infrastructure as a distinct platform category rather than a storage line item, and VAST’s reported $500 million in committed ARR gives the valuation a revenue anchor most AI infrastructure peers lack. For enterprise IT buyers, the round cements VAST as a strategic reference architecture for large-scale GPU data pipelines.

Wasabi Technologies

Round: $250 million credit facility | Sector: Data Storage (cloud object storage)

Wasabi added a $250 million credit facility to expand capacity for its hot cloud storage service, a deal structure that signals both asset maturity and a measured alternative to equity dilution at a time when storage startups are being pressed to scale faster. The capital is earmarked for data center expansion and continued investment in AI-adjacent workloads, where egress-free economics remain Wasabi’s clearest wedge against the hyperscalers. It is a pragmatic balance sheet move that positions the company to absorb demand without resetting its pricing model.

EVAS Intelligence

Round: Series B ($211 million / RMB 1.5 billion) | Sector: Semiconductors (RISC-V AI compute)

EVAS Intelligence raised the equivalent of $211 million in a Series B co-led by several Beijing industrial investment funds to scale its Epoch-series RISC-V AI chips for large-model training and inference. The round is notable less for the dollar figure than for its composition: state-aligned capital backing a vertically integrated RISC-V platform marks a clear push to build a non-GPU alternative stack inside China. Enterprise buyers outside that market should watch the commercialization timeline, which will shape the availability of a second credible architecture for AI training silicon.

Verda

Round: $117 million growth financing | Sector: Cloud (GPU cloud infrastructure)

Finland-based Verda, formerly DataCrunch, secured $117 million led by Lifeline Ventures to expand its GPU cloud into the United Kingdom and United States, backed by its status as an NVIDIA Preferred Partner and Nordic renewable-powered data centers. The pitch is a narrower, profitable alternative to the neocloud land rush: vertical integration, European data sovereignty, and a cleaner energy profile. For enterprises navigating sustainability mandates and sovereign compute rules, Verda is quietly becoming one of the more defensible independent GPU platforms in the market.

Cloudsmith

Round: Series C ($72 million) | Sector: Cloud / DevSecOps (artifact management)

Cloudsmith raised $72 million in a Series C to extend its cloud-native artifact management platform deeper into AI-driven software supply chains, where the surface area for package, model, and dependency risk is expanding faster than most internal tooling can keep up with. The round reflects a broader repositioning of artifact management from developer convenience to regulated control plane, adjacent to SBOM requirements and provenance mandates. For IT and security leaders, the company is emerging as one of the more credible independent alternatives to the consolidated stack offered by the larger DevOps incumbents.

The Weekly Funding Pulse tracks the most significant IT infrastructure, cloud, semiconductor, networking, and ITSM funding rounds each week. Coverage is curated for enterprise IT professionals and decision-makers.