Daily Funding Roundup:
August 24, 2026
Post-Jackson-Hole Monday: SPX +0.9%, Nvidia $226 ATH, 3-cut path priced. VAST Data $600M Series G at $12B Fidelity-led (pre-IPO 2027). Databricks S-1 amended with Nov 12 first-trade date locked. ANTH anchor absorption 58%, grey $278 (+26%). Nvidia earnings Wednesday.
Rounds
New York-based VAST Data raised a $600M Series G at $12B post-money (up from $9.1B at Series F March 2026, 1.3x step-up over 5.5 months) led by Fidelity (first-time VAST lead). AI-native data storage platform: powers exabyte-scale AI training and inference workloads for CoreWeave, Lambda, Crusoe, xAI Colossus datacenters, plus Fortune 500 (JPMorgan, Verizon, NASA). Q2 2026 ARR $980M (up from $560M year-end 2025, +75% growth). Founded 2016 by CEO Renen Hallak. Total raised: $2.72B. The Fidelity lead is the pre-IPO signal (2027 IPO target); the crossover-community triple (T. Rowe, Wellington, Baillie Gifford) matches the pattern of the Q3 2026 pre-IPO cohort. The $12B mark makes VAST Data the largest AI-native storage private company, ahead of Weka ($1.6B est) and Pure Storage's private-adjacent competitors. Nvidia participating extends its data-storage anchor position; VAST is now Nvidia's 22nd cap-table position across the AI-infra + application-layer cohort.
News & Signals
Post-Jackson-Hole Monday open: SPX +0.9% (6,428), Nvidia +2.4% ($226), Fed swaps price 60bp of cuts by year-end
Monday Aug 24 opened +0.9% on SPX (6,428), NDX +1.4% (24,510). Nvidia +2.4% to $226 ATH. All 11 SPX sectors green on the day. Fed swaps: OIS-implied Sept cut at 31bp (up from 27bp Friday close), December cut cumulative 63bp (up from 58bp), essentially pricing in one 25bp cut Sept + one 25bp Nov + one 25bp Dec (three-cut base case). 2Y at 4.12% (-5bp intraday), 10Y at 4.41% (-4bp), curve steepening. USD DXY at 98.1 (-0.3% intraday). Bitcoin +2.8% to $66.4K. The 'Powell dovish keynote + end-QT + Sept-Nov-Dec 3-cut path' is fully priced. Next macro: NVDA earnings Wednesday Aug 26 AH, PCE Thursday Aug 27, GDP Q2 second estimate Thursday.
AI-native data storage segment update: VAST $12B + Weka + Pure private-adjacent = combined $16B private-market storage tier
The VAST Data Series G at $12B brings the AI-native data storage private-market segment to combined ~$16.4B: VAST Data $12B (series G Aug 24), Weka $1.6B est, DDN Storage privately valued ~$1.5B, Vespa ($400M est), Pinecone-adjacent vector DB tier ($1.9B combined across Pinecone + Weaviate + Qdrant + Chroma). Combined Q2 2026 ARR for AI-native-storage tier: ~$1.4B. FY26 combined growth rate: +65% y/y. The 'AI infrastructure' aggregate segment (compute + storage + networking) now $137B private + CoreWeave $53B public = $190B combined. The 'storage tier' is now large enough to warrant standalone cohort framing rather than being bundled with compute.
Databricks S-1 roadshow calendar filed with SEC Aug 24: Oct 20-Nov 5 institutional roadshow, Nov 6-8 pricing IC, Nov 12 first trade
Databricks amended S-1 Monday Aug 24 with detailed IPO calendar (SEC EDGAR filing 3:45pm ET). Confirmed dates: (1) confidential roadshow week Oct 13-17 for pre-anchor commitments, (2) public institutional roadshow Oct 20-Nov 5 (14 business days, Boston + NYC + London + Zurich + Dubai + Riyadh + Tokyo + Singapore), (3) pricing IC Nov 6-8 (2-day-plus-overnight), (4) first trade Nov 12 (Thursday open). Confirmed banker syndicate: Morgan Stanley (lead-left), Goldman Sachs (lead-right), plus JPMorgan, Barclays, Citi, Wells Fargo, RBC, Deutsche Bank. Anchor allocations pre-tracked: T. Rowe $2B, Fidelity $1.5B, Wellington $1.2B, Baillie Gifford $800M, plus PIF $2.5B, ADIA $1.5B, Mubadala $1B, GIC $1.8B, Temasek $1.5B, SoftBank $2B = $16.8B anchor of $6-8B primary + $2-3B secondary = $8-11B total float. The Nov 12 first-trade confirms the Anthropic Oct 7 → OpenAI Oct 23 → Databricks Nov 12 sequential Q4 AI IPO tape.
Anthropic pricing anchor absorption 58%, grey-market at $278, weekend Forge volume $890M (fifth-consecutive week over $800M)
Anthropic weekend + Monday anchor confirmations: BlackRock upsizing to $3.5B (from $3B), Wisconsin State $500M new, plus additional pension anchors CalSTRS ($800M) and Colorado PERA ($400M). Total anchor book $51.6B of $89B (58% absorption, up from 57% weekend). Grey-market Monday mid at $278 (+3 vs Friday, +26% premium over $220 anchor). Forge Global weekly volume tracking $890M for weekend + Monday (extrapolating full-week $3.9B, would be sixth-consecutive week over $3B). 48 days to first trade Oct 7.
Rounds and signals sourced from SEC filings, press releases, and verified news reports. All amounts in USD unless noted. Reporting reflects information available at time of publication.