Firebolt raises $127 million Series B to boost cloud data warehouse innovation
Over the past six months, Firebolt has doubled its employee headcount to 100 with plans to double again over the next 12 months
Meir Orbach | 14:01 24.06.2021
Israeli cloud data warehouse startup Firebolt announced on Thursday a $127 million all-equity Series B funding round, bringing its total funding to $164 million. Dawn Capital and K5 Global joined as new investors, while all the investors from the previous round also participated, including Zeev Ventures, TLV Partners, Bessemer Venture Partners, and Angular Ventures. The company didn't reveal its valuation in this round, but it is believed that it has yet to reach unicorn status. The company was founded in 2018 by Eldad Farkash (CEO) and Saar Bitner (COO). The two also worked together at business intelligence unicorn Sisense, of which Farkash was one of the co-founders. Since its $37 million Series A in December 2020, Firebolt has gained strong traction with data engineers and software developers seeking to turn their big data into fast interactive experiences for a broad range of applications, spanning from internal BI to customer-facing and operational data applications.