Vast Data’s $1 Billion Series F Matches Israel’s Largest Tech Round

Vast Data’s $1 billion Series F values the Israeli startup at $30 billion, with over $500 million going to early investors as a secondary sale.

The round ties the record set by Wiz’s $1 billion raise in 2024 and marks the largest private financing in Israeli tech history. Vast now ranks as the country’s most valuable private technology firm, approaching a $32 billion valuation comparable to Wiz’s sale price to Google.

Drive Capital led the Series F, with Access Industries as co‑lead. New and existing backers include Fidelity Management & Research Company, NEA, and Nvidia. Of the total, roughly $500 million is primary capital earmarked for product development and hiring; the remaining $500 million is a secondary sale allowing early investors and employees to cash out shares.

Primary funds strengthen Vast’s balance sheet to scale its AI‑focused data platform, while the secondary component provides liquidity without diluting the company’s equity structure. This structure mirrors trends in later‑stage private rounds where investors seek exits before a potential public offering.

The deal highlights continued confidence in AI infrastructure assets, even as public markets show volatility. Nvidia (NVDA) holds a market cap near $2.2 trillion, and Google (GOOGL) exceeds $1.8 trillion, underscoring the scale of corporate interest in the sector.

Watch for whether Vast pursues an IPO or another large private round as AI data demand evolves.