Firebolt (company)
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.
History
The founders stated that they started Firebolt after encountering performance and cost limitations in cloud data warehouses while working at Sisense.
The company launched publicly in December 2020, when it announced $37 million in funding.
In June 2021, Firebolt raised $127 million in a Series B round. In January 2022, it raised $100 million in a Series C round led by Alkeon Capital, at a valuation of $1.4 billion. Around that time, Mosha Pasumansky, formerly a principal engineer on Google's BigQuery, became its chief technology officer.
In February 2026, Firebolt reduced its workforce. CTech linked the restructuring to the company's increased use of artificial intelligence in software development.
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. The platform uses columnar storage, vectorized query processing and indexing.
TechCrunch described it as competing with cloud data warehouses from Snowflake, Amazon and Google.
See also
- Cloud database
- Column-oriented DBMS
- Online analytical processing
- Comparison of OLAP servers