Vast isn’t the next Wiz, but it’s quietly headed for a $25B valuation

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Here’s a summary of the key details from the provided information regarding Vast Data:

Startup:

  • Name: Vast Data
  • Founded: 2016
  • Founders: Renen Hallak, Shachar Fienblit, Jeff Denworth (no longer holds an operational role)
  • Headquarters: U.S., with development centers in Tel Aviv and Haifa

Funding:

  • Total Raised: Nearly $400 million
  • Latest Valuation: $25 billion (as of the latest fundraising round)
  • Previous Valuation: $9 billion (by end of 2023)

Investors:

  • Nvidia
  • Tiger Global
  • Goldman Sachs
  • Fidelity
  • General Atlantic
  • NEA
  • BOND
  • Next47
  • Greenfield
  • 83North (Israeli VC)

Fundraising Series:

  • Latest round ongoing, aiming to signal a valuation closer to $30 billion.

Founders:

  1. Renen Hallak
  2. Shachar Fienblit
  3. Jeff Denworth (not involved operationally anymore)

Notable Details:

  • Vast Data’s technology focuses on ultra-fast storage and retrieval solutions essential for modern AI workloads.
  • Clients include major organizations like global banks, Pixar, Elon Musk’s xAI, and Nvidia.
  • The company has a conservative fundraising approach, often raising capital to signal value rather than extend runway.

Please let me know if you need more specific information!

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2025-06-12 10:12:34