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Firebolt (company)
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| Type | Private |
|---|---|
| Industry | Software |
| Founded | 2019 |
| Founders | Eldad Farkash Saar Bitner Ariel Yaroshevich |
| Headquarters | , Israel |
| Products | Cloud data warehouse |
| Website | www |
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
[edit]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
[edit]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
[edit]References
[edit]- ^ 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". Business Insider. Retrieved 2026-09-29.
- ^ a b c Lunden, Ingrid (9 December 2020). "Firebolt raises $37M to take on Snowflake, Amazon and Google with a new approach to data warehousing". TechCrunch. Retrieved 25 August 2026.
- ^ a b Wiggers, Kyle (26 January 2022). "Firebolt secures a fresh round of funding to expand its cloud data warehouse technology". VentureBeat. Retrieved 25 August 2026.
- ^ a b Lunden, Ingrid (24 June 2021). "Firebolt raises $127M more for its new approach to cheaper and more efficient Big Data analytics". TechCrunch. Retrieved 25 August 2026.
- ^ a b Wiggers, Kyle (9 December 2020). "Firebolt raises $37 million to accelerate big data analytics". VentureBeat. Retrieved 25 August 2026.
- ^ Orbach, Meir (24 June 2021). "Firebolt raises $127 million Series B to boost cloud data warehouse innovation". CTech. Retrieved 25 August 2026.
- ^ Dor, Ofir (26 January 2022). "Firebolt raises $100m, becomes latest Israeli unicorn". Globes. Retrieved 29 September 2026.
- ^ Zehorai, Itai (30 January 2022). "All Fired Up: Forbes' Most Promising Startup, Firebolt, Becomes a Unicorn". Forbes Israel. Retrieved 29 September 2026.
- ^ a b 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. Retrieved 25 August 2026.
- ^ "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. Retrieved 25 August 2026.
- ^ Clark, Lindsay (15 December 2020). "A flurry of data warehouse activity surrounds Snowflake's staggering $120bn valuation". The Register. Retrieved 25 August 2026.