VAST DATA HITS $30B VALUATION, EYES IPO

INDUSTRY DESK■ 1 MIN READ

WED, APR 22, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Storage software company Vast Data has raised $1 billion in Series F funding, tripling its valuation to $30 billion. CEO Renen Hallak announced the company is preparing for an initial public offering.

Vast Data, which develops data storage and management software, secured the funding round from investors betting on the company's growth trajectory. The $1 billion raise marks a significant milestone for the Tel Aviv-founded company, established in 2014. The company serves enterprises managing large-scale data infrastructure. Its platform targets organizations handling big data workloads across cloud and on-premise environments. Hallak's announcement signals confidence in Vast Data's readiness for public markets. The IPO preparation comes as the software sector sees continued investor interest despite broader market volatility. The funding round reflects strong demand for data infrastructure solutions as organizations expand AI and analytics capabilities. Vast Data joins a growing list of enterprise software companies targeting public exits in coming months.

■ SOURCES

► Bloomberg Tech

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE STARTUPS DESK

P554TOWN RAISES AT $1B VALUATION LED BY INDEX

Town, an enterprise personal AI assistant platform, is in talks to raise funding at a $1 billion valuation in a round led by Index Ventures, according to sources.

YESTERDAY— AI Desk

P505LINEAR HITS $100M ARR, DOUBLES VALUATION TO $2.5B

Product management platform Linear reached $100M in annual recurring revenue and conducted a $99M employee tender offer at a $2.5B valuation, doubling its valuation from $1.25B in 2025.

AUG 26— Industry Desk

P493FLIPBOARD ACQUIRES GRAZE TO EXPAND OPEN WEB STRATEGY

Flipboard is acquiring Bluesky feed-building startup Graze, integrating its ad technology and creator monetization tools into its open social web platform.

AUG 26— Industry Desk

P490AI-PILLED STARTUPS RESHAPE OPERATIONS

Artificial intelligence is fundamentally changing how startups operate, not just what they build. According to Floodgate co-founder Ann Miura-Ko, companies are deploying AI agents across engineering, sales, marketing, and strategy to accelerate learning and execution.

AUG 26— AI Desk

◄ BACK TO NEWS

VAST DATA HITS $30B VALUATION, EYES IPO

■ MORE FROM THE STARTUPS DESK

■ SUBSCRIBE TO THE DAILY BRIEF