Israeli cloud knowledge warehouse firm Firebolt has introduced the completion of a $100 million Sequence C financing spherical at an organization valuation of $1.4 billion. This brings to $269 million, the entire quantity raised by the corporate.
There’s a very important want for an information warehousing options that effectively handle large volumes of information and this has grow to be a high precedence for software program and knowledge engineers. Firebolt has developed a cloud knowledge warehouse that delivers sub-second analytic experiences at scale and seeks to compete wth US large Snowflake (NYSE: SNOW), which has a market cap of $82.4 billion.
Firebolt was based by CEO Eldad Farkash who additionally based enterprise analytics firm Sisense, and COO Saar Bitner and Ariel Yershovitz, who not works for the corporate, each members of Sisense’s founding crew.
Farkash mentioned, “Information is on the core of each app as we speak. Which means software program engineers have to more and more grow to be specialists in knowledge. We see the function of the info warehouse as the muse on high of which firms construct a mess of analytic experiences. Our objective is to push the boundaries of what might be completed with analytics and permit firms to leverage knowledge into beforehand unreachable territories.”
Firebolt mentioned that it has 200 staff in 25 international locations and has doubled its workforce over the previous yr.
The financing spherical was led by Alkeon Capital with the participation of Sozo Ventures, Glynn Capital, and current buyers Zeev Ventures, Angular Ventures, Daybreak Capital, Bessemer Enterprise Companions, K5 International and TLV Companions.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on January 26, 2022.
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