Firebolt (company): Difference between revisions
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'''Firebolt''' is a software company that develops a [[Cloud database|cloud]] [[data warehouse]] for [[Analytics|data analytics]]. It was founded in 2019 by Eldad Farkash, Saar Bitner and Ariel Yaroshevich, who had previously worked at the [[business intelligence]] company [[Sisense]].<ref>{{Cite web |last=Chan |first=Rosalie |title=The CEO of Firebolt says he convinced investors to pour $37 million into his data startup without a pitch deck by proving the tech was a 'speedboat' that could take on Amazon, Google, and Snowflake |url=https://www.businessinsider.com/firebolt-data-warehouse-startup-fundraising-amazon-google-snowflake-2020-12 |access-date=2026-09-29 |website=Business Insider |language=en-US}}</ref><ref name="TC2020">{{cite news |last=Lunden |first=Ingrid |title=Firebolt raises $37M to take on Snowflake, Amazon and Google with a new approach to data warehousing |url=https://techcrunch.com/2020/12/09/firebolt-raises-37m-to-take-on-snowflake-amazon-and-google-with-a-new-approach-to-data-warehousing/ |work=[[TechCrunch]] |date=9 December 2020 |access-date=25 August 2026}}</ref><ref name="VB2022">{{cite news |last=Wiggers |first=Kyle |title=Firebolt secures a fresh round of funding to expand its cloud data warehouse technology |url=https://venturebeat.com/data-infrastructure/firebolt-secures-a-fresh-round-of-funding-to-expand-its-cloud-data-warehouse-technology |work=[[VentureBeat]] |date=26 January 2022 |access-date=25 August 2026}}</ref> | '''Firebolt''' is a software company that develops a [[Cloud database|cloud]] [[data warehouse]] for [[Analytics|data analytics]]. It was founded in 2019 by Eldad Farkash, Saar Bitner and Ariel Yaroshevich, who had previously worked at the [[business intelligence]] company [[Sisense]].<ref>{{Cite web |last=Chan |first=Rosalie |title=The CEO of Firebolt says he convinced investors to pour $37 million into his data startup without a pitch deck by proving the tech was a 'speedboat' that could take on Amazon, Google, and Snowflake |url=https://www.businessinsider.com/firebolt-data-warehouse-startup-fundraising-amazon-google-snowflake-2020-12 |access-date=2026-09-29 |website=Business Insider |language=en-US}}</ref><ref name="TC2020">{{cite news |last=Lunden |first=Ingrid |title=Firebolt raises $37M to take on Snowflake, Amazon and Google with a new approach to data warehousing |url=https://techcrunch.com/2020/12/09/firebolt-raises-37m-to-take-on-snowflake-amazon-and-google-with-a-new-approach-to-data-warehousing/ |work=[[TechCrunch]] |date=9 December 2020 |access-date=25 August 2026}}</ref><ref name="VB2022">{{cite news |last=Wiggers |first=Kyle |title=Firebolt secures a fresh round of funding to expand its cloud data warehouse technology |url=https://venturebeat.com/data-infrastructure/firebolt-secures-a-fresh-round-of-funding-to-expand-its-cloud-data-warehouse-technology |work=[[VentureBeat]] |date=26 January 2022 |access-date=25 August 2026}}</ref> | ||
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The company launched publicly in December 2020, when it announced $37 million in funding.<ref name="TC2020" /><ref name="VB2020">{{cite news |last=Wiggers |first=Kyle |title=Firebolt raises $37 million to accelerate big data analytics |url=https://venturebeat.com/business/firebolt-raises-37-million-to-accelerate-big-data-analytics/ |work=[[VentureBeat]] |date=9 December 2020 |access-date=25 August 2026}}</ref> | The company launched publicly in December 2020, when it announced $37 million in funding.<ref name="TC2020" /><ref name="VB2020">{{cite news |last=Wiggers |first=Kyle |title=Firebolt raises $37 million to accelerate big data analytics |url=https://venturebeat.com/business/firebolt-raises-37-million-to-accelerate-big-data-analytics/ |work=[[VentureBeat]] |date=9 December 2020 |access-date=25 August 2026}}</ref> | ||
In June 2021, Firebolt raised $127 million in a [[Series B round]].<ref name="TC2021" /><ref>{{cite news |last=Orbach |first=Meir |title=Firebolt raises $127 million Series B to boost cloud data warehouse innovation |url=https://www.calcalistech.com/ctech/articles/0,7340,L-3910862,00.html |work=[[Calcalist|CTech]] |date=24 June 2021 |access-date=25 August 2026}}</ref> In January 2022, it raised $100 million in a Series C round led by Alkeon Capital, at a valuation of $1.4 billion.<ref name="Globes2022">{{cite news |last=Dor |first=Ofir |date=26 January 2022 |title=Firebolt raises $100m, becomes latest Israeli unicorn |url=https://en.globes.co.il/en/article-firebolt-raises-100m-becomes-latest-israeli-unicorn-1001400129 |access-date=29 September 2026 |work=[[Globes]]}}</ref><ref name="ForbesIL">{{cite news |last=Zehorai |first=Itai |date=30 January 2022 |title=All Fired Up: Forbes' Most Promising Startup, Firebolt, Becomes a Unicorn |url=https://forbes.co.il/e/all-fired-up-forbes-most-promising-startup-firebolt-becomes-a-unicorn/ |access-date=29 September 2026 |work=[[Forbes Israel]]}}</ref><ref name="TC2022">{{cite news |last=Lunden |first=Ingrid |title=Firebolt, a data warehouse startup, raises $100M at a $1.4B valuation for faster, cheaper analytics on large data sets |url=https://techcrunch.com/2022/01/26/firebolt-a-data-warehouse-startup-raises-100m-at-a-1-4b-valuation-for-faster-cheaper-analytics-on-large-data-sets/ |work=[[TechCrunch]] |date=26 January 2022 |access-date=25 August 2026}}</ref><ref>{{cite news |title=Firebolt joins Unicorn club with $100 million Series C at $1.4 billion valuation |work=[[Calcalist|CTech]] |date=26 January 2022}}</ref> Around that time, Mosha Pasumansky, formerly a principal engineer on [[Google]]'s [[BigQuery]], became its [[chief technology officer]].<ref name="TC2022" /> | In June 2021, Firebolt raised $127 million in a [[Series B round]].<ref name="TC2021" /><ref>{{cite news |last=Orbach |first=Meir |title=Firebolt raises $127 million Series B to boost cloud data warehouse innovation |url=https://www.calcalistech.com/ctech/articles/0,7340,L-3910862,00.html |work=[[Calcalist|CTech]] |date=24 June 2021 |access-date=25 August 2026}}</ref> In January 2022, it raised $100 million in a Series C round led by Alkeon Capital, at a valuation of $1.4 billion.<ref name="Globes2022">{{cite news |last=Dor |first=Ofir |date=26 January 2022 |title=Firebolt raises $100m, becomes latest Israeli unicorn |url=https://en.globes.co.il/en/article-firebolt-raises-100m-becomes-latest-israeli-unicorn-1001400129 |access-date=29 September 2026 |work=[[Globes (newspaper)|Globes]]}}</ref><ref name="ForbesIL">{{cite news |last=Zehorai |first=Itai |date=30 January 2022 |title=All Fired Up: Forbes' Most Promising Startup, Firebolt, Becomes a Unicorn |url=https://forbes.co.il/e/all-fired-up-forbes-most-promising-startup-firebolt-becomes-a-unicorn/ |access-date=29 September 2026 |work=[[Forbes Israel]]}}</ref><ref name="TC2022">{{cite news |last=Lunden |first=Ingrid |title=Firebolt, a data warehouse startup, raises $100M at a $1.4B valuation for faster, cheaper analytics on large data sets |url=https://techcrunch.com/2022/01/26/firebolt-a-data-warehouse-startup-raises-100m-at-a-1-4b-valuation-for-faster-cheaper-analytics-on-large-data-sets/ |work=[[TechCrunch]] |date=26 January 2022 |access-date=25 August 2026}}</ref><ref>{{cite news |title=Firebolt joins Unicorn club with $100 million Series C at $1.4 billion valuation |work=[[Calcalist|CTech]] |date=26 January 2022}}</ref> Around that time, Mosha Pasumansky, formerly a principal engineer on [[Google]]'s [[BigQuery]], became its [[chief technology officer]].<ref name="TC2022" /> | ||
In February 2026, Firebolt reduced its workforce. ''CTech'' linked the restructuring to the company's increased use of [[artificial intelligence]] in software development.<ref name="CTech2026">{{cite news |last=Orbach |first=Meir |title=Unicorn Firebolt slashes workforce as AI reshapes operations |url=https://www.calcalistech.com/ctechnews/article/r1cj0csuwl |work=[[Calcalist|CTech]] |date=20 February 2026 |access-date=25 August 2026}}</ref> | In February 2026, Firebolt reduced its workforce. ''CTech'' linked the restructuring to the company's increased use of [[artificial intelligence]] in software development.<ref name="CTech2026">{{cite news |last=Orbach |first=Meir |title=Unicorn Firebolt slashes workforce as AI reshapes operations |url=https://www.calcalistech.com/ctechnews/article/r1cj0csuwl |work=[[Calcalist|CTech]] |date=20 February 2026 |access-date=25 August 2026}}</ref> | ||
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== External links == | == External links == | ||
* | * [https://www.firebolt.io Official website] | ||
[[Category:Software companies established in 2019]] | [[Category:Software companies established in 2019]] | ||