Vast Data eyes $25 billion valuation amid AI boom
According to TechCrunch, the Israeli startup is quietly plotting its next funding round at a sky-high valuation. Vast has surpassed $2 billion in cumulative bookings, achieved nearly 5x year-over-year growth in Q1 2025, and maintained a cashflow-positive operating model for over five years.
Vast Data, the Israeli-founded data platform powering many of the world’s AI workloads, is preparing a new funding round that could nearly triple its valuation to $25 billion, according to TechCrunch. This would be a dramatic leap from its most recent $9.1 billion valuation in December 2023 when it raised $118 million in a Series E round. The move reflects not only surging investor appetite for generative AI infrastructure, but also the exceptional pace of Vast’s own financial and technological expansion.
The prospective raise, first floated earlier this year, has not yet closed and the final valuation remains fluid. Still, the ambition behind the target, and the attention it’s drawing, reveals a company widely seen as one of the quiet powerhouses of the AI era. Several venture capital sources describe Vast as one of the most closely watched late-stage private companies in tech today.
Founded in 2016 by Israeli entrepreneurs Renen Hallak and Shachar Fienblit, Vast has undergone a swift evolution. Originally positioned as a next-generation storage vendor, it has expanded into a full-stack AI data platform that unifies storage, databases, and compute orchestration, a model tailored for the demands of GPU-accelerated and large-scale AI workloads.
That transformation has paid off. Vast, which employs around 900 people, said earlier this week that it has surpassed $2 billion in cumulative bookings, achieved nearly 5x year-over-year growth in Q1 2025, and maintained a cashflow-positive operating model for over five years.
The company’s roster of clients spans both government and industry heavyweights: the U.S. Air Force, the Department of Energy, Booking Holdings, Verizon, Zoom, Pixar, and Boston Children’s Hospital all rely on its systems to manage vast quantities of data for AI-powered operations.
