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Home > Cloud Computing > Firebolt launches with $37M in funding

Firebolt launches with $37M in funding

Firebolt introduced a new class of cloud data warehouse as a service and announced $37 million of financing.

Erdem Yasar by Erdem Yasar
December 28, 2020
in Cloud Computing
2 min read
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World’s fastest cloud data warehouse, purpose-built for high-performance analytics, Firebolt, unveiled a new class of cloud data warehouse as a service and announced $37 million of financing. It delivers the fastest analytics performance for the most challenging data requirements at the multi-terabyte and petabyte scale. Firebolt also enables higher performance with fewer cloud resources.

Cloud data warehouse as a service

Firebolt is the first cloud data warehouse that delivers a sub-second interactive analytics experience with terabytes to petabytes of data. Firebolt enables companies to analyze larger volumes of data than previously possible. It improves the ROI of collecting data and enables a myriad of new data-driven use cases. Firebolt benefits include:

  • The fastest cloud data warehouse: An order of magnitude faster performance at multi-terabyte/petabyte scale that enables anyone to interact with the data with sub-second performance.‍
  • End-to-end elastic scale: Built for AWS and with a lean, efficient, SQL query engine, Firebolt decouples storage and compute, allowing users to spin up multiple isolated compute resources on the same database. Firebolt is the only cloud data warehouse that takes the elasticity of the cloud to new levels by allowing granular control over hardware and scale, with the simplicity of a mouse click, for any type of data and analytics and any number of users. ‍
  • 10x price-performance advantage: Firebolt enables more users to extract more value at a fraction of the cost of the alternatives through greater efficiency, complete choice of resources, and 100% cost transparency.
Eldad Farkash, Co-Founder & CEO, Firebolt
Eldad Farkash, Co-Founder & CEO, Firebolt

Eldad Farkash, Co-Founder & CEO, Firebolt, said,

“While companies can store massive amounts of data, most organizations are only able to analyze a fraction of that big data, and often find themselves looking at stale data that does not reflect the current state of their business. For companies to flourish today, they need to move fast, and they should not be forced to make data compromises to achieve only a small part of the business value that their data holds. With Firebolt, organizations can finally gain the insights they need without breaking the bank.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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