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Firebolt is a software company that develops a cloud data warehouse for 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.[1][2][3]
History
The founders stated that they started Firebolt after encountering performance and cost limitations in cloud data warehouses while working at Sisense.[4]
The company launched publicly in December 2020, when it announced $37 million in funding.[2][5]
In June 2021, Firebolt raised $127 million in a Series B round.[4][6] In January 2022, it raised $100 million in a Series C round led by Alkeon Capital, at a valuation of $1.4 billion.[7][8][9][10] Around that time, Mosha Pasumansky, formerly a principal engineer on Google's BigQuery, became its chief technology officer.[9]
In February 2026, Firebolt reduced its workforce. CTech linked the restructuring to the company's increased use of artificial intelligence in software development.[11]
Technology
Firebolt's main product is a cloud data warehouse for analytical workloads. Its architecture separates data storage from computing resources, so that compute capacity can be scaled independently of stored data.[3] The platform uses columnar storage, vectorized query processing and indexing.[5][12]
TechCrunch described it as competing with cloud data warehouses from Snowflake, Amazon and Google.[2]
See also
References
- ↑ Chan, Rosalie. "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" (in en-US). https://www.businessinsider.com/firebolt-data-warehouse-startup-fundraising-amazon-google-snowflake-2020-12.
- ↑ 2.0 2.1 2.2 Lunden, Ingrid (9 December 2020). "Firebolt raises $37M to take on Snowflake, Amazon and Google with a new approach to data warehousing". TechCrunch. https://techcrunch.com/2020/12/09/firebolt-raises-37m-to-take-on-snowflake-amazon-and-google-with-a-new-approach-to-data-warehousing/.
- ↑ 3.0 3.1 Wiggers, Kyle (26 January 2022). "Firebolt secures a fresh round of funding to expand its cloud data warehouse technology". VentureBeat. https://venturebeat.com/data-infrastructure/firebolt-secures-a-fresh-round-of-funding-to-expand-its-cloud-data-warehouse-technology.
- ↑ 4.0 4.1 Lunden, Ingrid (24 June 2021). "Firebolt raises $127M more for its new approach to cheaper and more efficient Big Data analytics". TechCrunch. https://techcrunch.com/2021/06/24/firebolt-raises-127m-more-for-its-new-approach-to-cheaper-and-more-efficient-big-data-analytics/.
- ↑ 5.0 5.1 Wiggers, Kyle (9 December 2020). "Firebolt raises $37 million to accelerate big data analytics". VentureBeat. https://venturebeat.com/business/firebolt-raises-37-million-to-accelerate-big-data-analytics/.
- ↑ Orbach, Meir (24 June 2021). "Firebolt raises $127 million Series B to boost cloud data warehouse innovation". CTech. https://www.calcalistech.com/ctech/articles/0,7340,L-3910862,00.html.
- ↑ Dor, Ofir (26 January 2022). "Firebolt raises $100m, becomes latest Israeli unicorn". Globes. https://en.globes.co.il/en/article-firebolt-raises-100m-becomes-latest-israeli-unicorn-1001400129.
- ↑ Zehorai, Itai (30 January 2022). "All Fired Up: Forbes' Most Promising Startup, Firebolt, Becomes a Unicorn". Forbes Israel. https://forbes.co.il/e/all-fired-up-forbes-most-promising-startup-firebolt-becomes-a-unicorn/.
- ↑ 9.0 9.1 Lunden, Ingrid (26 January 2022). "Firebolt, a data warehouse startup, raises $100M at a $1.4B valuation for faster, cheaper analytics on large data sets". TechCrunch. 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/.
- ↑ "Firebolt joins Unicorn club with $100 million Series C at $1.4 billion valuation". CTech. 26 January 2022.
- ↑ Orbach, Meir (20 February 2026). "Unicorn Firebolt slashes workforce as AI reshapes operations". CTech. https://www.calcalistech.com/ctechnews/article/r1cj0csuwl.
- ↑ Clark, Lindsay (15 December 2020). "A flurry of data warehouse activity surrounds Snowflake's staggering $120bn valuation". The Register. https://www.theregister.com/2020/12/15/a_flurry_of_data_warehouse/.