VAST Information seeks to boost funding at $25b

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Hybrid information storage firm VAST Information, a rising accomplice of Nvidia in information storage and administration between completely different clouds, is at the moment within the means of elevating capital at a valuation of $25 billion, in line with a report on expertise web site TechCrunch.

It’s not clear whether or not the buyers will comply with this valuation, but when they do it will likely be a powerful leap from the valuation of $9 billion that the corporate acquired in 2023. It’ll make it one of many highest valued Israeli expertise firms, maybe second solely to cybersecurity firm Wiz, lately bought to Google for $32 billion however nonetheless ready for regulatory approval to finish the deal.

AI information platform VAST Information raises $118m at $9b valuation

VAST Information is managed from the US and is little identified in Israel, however its founders are Israelis Renen Hallak (CEO), Shachar Fienblit (chief R&D officer), Amon Horev (VP Expertise), plus Jeff Denworth, and it has places of work in Tel Aviv.

Among the many preliminary buyers within the firm had been Israeli-British VC agency 83North, and US enterprise capital agency Norwest Enterprise Companions, in an funding led by its Israeli accomplice Dror Nahumi.

VAST Information has developed a system for the good administration of knowledge storage using synthetic intelligence. Like different Israeli firms equivalent to Weka, it has developed algorithms that facilitate the storage and retrieval of data, together with info for speedy synthetic intelligence processing, leading to quick coaching of fashions and decrease inference prices.

The corporate has one of many largest stands on the Nvidia GTC builders’ convention in San Jose in March, and Nvidia CEO Jensen Huang participated in a advertising video recommending its product.

Amongst VAST Information’s clients are Samsung, NASA, the US Hockey League, Pixar, ServiceNow, and cloud computing suppliers equivalent to CoreWeave and Lambada.

VAST Information’s annual recurring income is estimated at about $500 million. In keeping with PitchBook, the corporate had raised practically $400 million earlier than embarking on the present spherical. The earlier spherical was in 2023, at a valuation of $9.1 billion.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on June 11, 2025.