Firebolt, the cloud data warehouse for builders of next-gen analytics experiences, today announced a $100 million Series C funding round, reaching a $1.4 billion valuation just 12 months after emerging from stealth mode. This latest round of funding brings its total investment to $269 million.
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Firebolt selected Alkeon Capital to lead the round. Other participants in the round included Sozo Ventures, Glynn Capital, and existing investors Zeev Ventures, Angular Ventures, Dawn Capital, Bessemer Venture Partners, K5 Global and TLV Partners.
With this new funding round, Firebolt has announced the hire of new CTO,Mosha Pasumansky, who was previously a principal engineer on Google's BigQuery team, and a new Seattle office. With an employee workforce mostly composed of engineers, the Firebolt team has almost doubled in the past six months to 200 team members in 25 countries.
The new funding will enable Firebolt to capitalize on the exploding demand from tech companies to build analytics-enabled products. Funding will primarily be used to further expand its product and engineering teams.
"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."
