VAST DATA HITS $30B VALUATION, EYES IPO

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.