The Israeli Unicorn club just got even bigger with the admission of Firebolt, an Israeli startup that calls itself the world’s fastest cloud data warehouse, purpose-built for delivering a new grade of analytic experiences over big data. The company hit the unicorn milestone with a $100 million Series C financing round that gave it a company valuation of $1.4 billion.
Joining the unicorn club came just seven months after Firebolt brought in $127 million in a Series B funding round last June. Firebolt has now brought in a total of $269 million in investments to date.
Founded in 2018 by CEO Eldad Farkash and COO Saar Bitner, Firebolt boasts that it has “completely redesigned” the cloud data warehouse to deliver a “super fast, incredibly efficient analytics experience across terabytes and petabytes of data.” Leveraging the latest technology stack and the most recent academic research in the big data space, Firebolt declares that the company combines the best of high performance database architecture with the infinite scale of the data lake. Built on a decoupled storage and compute architecture, Firebolt allows its users to easily scale up or down to support any workload.
Final preparations and off we go with Firebolt’s weekly product showdown!
— Firebolt (@FireboltHQ) January 25, 2022
“Data is at the core of every app today,” said Firebolt Co-founder and CEO Eldad Farkash. “This means that software engineers need to increasingly become experts in data. We see the role of the data warehouse as the foundation on top of which companies build a multitude of analytic experiences. Our purpose is to push the boundaries of what can be done with analytics and allow companies to leverage data into previously unreachable territories.”
Firebolt is the fifth Israeli startup to join the Israeli unicorn club so far in 2022 and the year is only 12 days old. Placer.ai joined the club just a few weeks ago. And Israel’s Paradox was the first unicorn company in 2022.
Israel is not called Startup Nation for nothing.