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Upstart Cloud Data Warehouse Firebolt Nabs $127 Million Series B Funding

Upstart Cloud Data Warehouse Firebolt Nabs $127 Million Series B Funding
Upstart Cloud Data Warehouse Firebolt Nabs $127 Million Series B Funding

Source: Firebolt

Israel-based cloud data warehouse solution provider Firebolt announced today $127 million in Series B funding, according to a press release on the company’s website. The capital injection brings Firebolt’s total earned to $164 million since its founding in 2019. Firebolt’s funding will enable the company to expand its product, engineering, and go-to-market teams. Firebolt has doubled its employee headcount in the last six months and plans to do the same again over the next calendar year.

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Firebolt offers a cloud data warehousing platform that is built for AWS and with an efficient SQL query engine that separates storage and computes. This framework allows users to spin up multiple isolated resources on the same databases. It also features a columnar data structure, vectorized processing and SIMD, just-in-time query compilations using LLVM, and continuously aggregated indexing for fast data ingestion and near-instant data updates.

The Firebolt funding round included new and existing investors. The company has also recently added key new talent with Looker’s founding team member Keenan Rice joining to lead US operations. Firebolt now touts a growing customer base with some of the world’s leading technology firms as well.

In a media statement on the news, Firebolt CEO Eldad Farkash said: “Companies are developing data applications more than ever before – which require a high level of performance that is not readily available. Firebolt takes out the grueling pain from the entire process, making it possible for engineers to develop interactive data applications that deliver fast performance over extremely large data sets. Developers can finally develop data-related features at unheard-of speeds.”

Read Firebolt Ignites Growth with a $127M Series B Funding Round or watch Firebolt Series B Funding Announcement on YouTube to learn more.

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