Descriptions:
Vast Data CEO Renen Hallak joins Bloomberg Technology to discuss the AI infrastructure company’s recent funding round that values it at $30 billion, and to outline early preparations for a potential public listing. Hallak describes Vast Data as occupying what Jensen Huang calls the ‘software infrastructure layer’ of the AI stack—sitting between chips and applications—starting from large-scale data storage and expanding into structured databases and compute management for the world’s largest GPU clusters.
On financials, Hallak discloses a Rule of 228—meaning revenue growth plus profit margin combined at 228%, compared to the software industry’s standard Rule of 40 benchmark—while roughly tripling revenue year over year and generating significant cash. The funding round is partially primary and partially secondary. Customers named include Cursor, SpaceX, and CoreWeave. CFO Amy, recruited from Shopify eight months ago, has been preparing the company for public markets; Hallak’s best estimate is that Vast Data could be ready for an IPO sometime later in 2026, though no formal trigger date has been set.
Hallak also discusses global expansion, singling out the Middle East and Singapore as markets growing faster than traditional regions, with UAE positioned to potentially leapfrog established countries in AI infrastructure investment over the next decade. The company’s core pitch is enabling very large-scale, high-capacity data storage and organization that allows AI workloads—including those of major AI labs and hyperscalers—to be built at a scale that was not previously achievable.
📺 Source: Bloomberg Technology · Published April 22, 2026
🏷️ Format: Interview
