Vast Data ARR Hit $2B

Vast Data is an artificial intelligence infrastructure company that develops a software platform designed to manage and accelerate access to the massive datasets required for modern AI systems. Founded in 2016 by Israeli entrepreneurs Renen Hallak and Shachar Fienblit, the company focuses on building a next-generation data platform that enables enterprises to store, process, and retrieve huge volumes of data at extremely high speed.

Its technology effectively functions as an operating system for AI data infrastructure, ensuring that advanced processors and GPUs can access training and inference data without bottlenecks. As the demand for generative AI and large-scale machine learning continues to surge, Vast Data has positioned itself as a core infrastructure provider for companies building and deploying AI systems. 

The company’s platform solves one of the biggest problems in AI computing: data throughput. Even the most powerful AI chips can be slowed dramatically if the underlying data infrastructure cannot deliver information quickly enough. Vast Data’s architecture integrates storage, database functionality, and data services into a unified system optimized for AI workloads, enabling organizations to process large datasets efficiently and reliably.

This capability has made the platform attractive to large enterprises and cloud infrastructure providers, including major banks, animation studios such as Pixar, AI companies like xAI, and cloud compute providers such as CoreWeave. Because deployments typically involve deep integration with enterprise infrastructure and long-term contracts, customers tend to remain on the platform for many years, creating a stable and highly predictable recurring revenue base. 

The company’s financial growth has been extraordinary. Industry estimates indicate that Vast Data reached approximately $2 billion in annual recurring revenue (ARR) by the end of 2025, up from about $200 million ARR in 2023, dramatically exceeding its earlier goal of tripling revenue annually.

This explosive expansion has helped justify the company’s latest $30 billion valuation following a $1 billion funding round, the largest private technology financing in Israel’s history. Since its founding, Vast Data had raised nearly $400 million prior to this round, with investors including Nvidia, Tiger Global, Goldman Sachs, Fidelity, General Atlantic, Dell Technologies Capital, NEA, BOND, Next47, and 83North. The company now employs roughly 1,100 people worldwide and has become one of the largest private software businesses to emerge from Israel’s rapidly growing AI infrastructure ecosystem.