Firebolt Raises $100 Million at $1.4 Billion Valuation

Firebolt is a cloud warehouse of data that is designed for builders of next-gen analytics experience. With the help of modern architecture benefits and ease-of-use and sub-second performance at a terabyte-scale, the company helps engineers and developers to deliver the data applications to the end-user.

The Series C funding round was led by Alkeon Capital. Among other investors were Sozo Ventures, Glynn Capital, and existing investors Zeev Ventures, Angular Ventures, Dawn Capital, Bessemer Venture Partners, K5 Global, and TLV Partners. The funds raised will be used for product and engineering team expansion.

Firebolt, from Tel Aviv, was founded by Ariel Yaroshevich, Eldad Farkash, Saar Bitner in 2019. The information about how many customers and who they are is not disclosed, however, among them are big tech companies, customer-facing businesses, and business intelligence firms. The number of Firebolt employees is 200, and this number is going to be increased. “…we see Firebolt as the new entrant in that space, with a new take on a design on technology. We change the discussion from one of scale to one of speed and efficiency,” CEO Eldad Farkash.

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