Vast Data ties Wiz record with $1 billion funding round
The Israeli startup joins the country’s biggest funding milestone as investors back AI systems.
Vast Data has matched the largest funding round in Israeli technology history, raising approximately $1 billion in a new financing that values the company at $30 billion.
The scale of the round places Vast alongside Wiz, the cybersecurity company that set the benchmark in 2024 with its own $1 billion raise.
The Series F round, led by Drive Capital with Access Industries as co-lead, includes both new and existing investors, among them Fidelity Management & Research Company, NEA and Nvidia. The transaction combines primary and secondary capital, bringing the total to roughly $1 billion.
However, much of that capital will not go toward the company’s balance sheet. More than $500 million is being directed to early investors and employees selling shares, making this one of the largest liquidity events of its kind for an Israeli startup.
The funding also cements Vast’s position as Israel’s most valuable private technology company, with a valuation approaching the $32 billion achieved by Wiz in its sale to Google earlier this year. While Wiz’s milestone was defined by an exit, Vast’s comes in the form of continued private market backing, a sign of confidence in its future growth.
The comparison between the two companies reflects a broader shift in the market. Wiz’s record round was driven by the urgent need to secure cloud environments. Vast’s matching raise points to a different layer of the technology stack: the data infrastructure required to build and operate AI systems at scale.
Historically, billion-dollar rounds in Israeli tech have been rare. Beyond Wiz, only a handful of companies have approached similar territory, including Trax, which raised $640 million in 2021, and Transmit Security, which secured $543 million in 2022. Even large recent financings, such as Rapyd’s $500 million raise tied to its acquisition of PayU, fall short of the threshold that Vast has now reached.
