- Companies
- Firebolt
Firebolt Valuation, Funding & Investors
Firebolt is valued at $1.4B as of January 2022.
Last Firebolt valuation
$1.4B
Series C · Jan 2022
Last Firebolt funding round
$100M
Series C · Jan 2022
Cumulative funding Firebolt raised
$264M
across 3 funding rounds
Key investors in Firebolt
Bessemer Venture Partners
TLV Partners
Zeev Ventures
Angular Ventures
K5 Global
Dawn Capital
About Firebolt
Firebolt is a Tel Aviv-headquartered cloud data warehouse optimized for sub-second queries on petabyte-scale datasets. It decouples storage and compute for cost-efficient analytics, supporting SQL queries and BI tools like Tableau and Looker. Designed for data-intensive applications, Firebolt ingests data from sources including Snowflake and Kafka. Founded in 2019, it raised funding from investors like Intel Capital and serves enterprises building real-time dashboards and ML pipelines.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
Valuation
$1.4B (Jan 2022)
Firebolt Valuation
Firebolt is currently valued at $1.4B, based on its Series C in January 2022.
The $100M round was led by Alkeon Capital, with participation from Sozo Ventures, K5 Global, Zeev Ventures, Bessemer Venture Partners, Angular Ventures and 3 other investors.
Firebolt valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2022 | Series C | $1.4B |
Firebolt Funding History
Firebolt has raised a total of $264M across 3 funding rounds.
Firebolt's first fundraising round was a $37M Series A in December 2020. The most recent completed round was a $100M Series C in January 2022.
Firebolt funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2022 | Series C | Alkeon Capital (lead); Sozo Ventures; K5 Global; Zeev Ventures; Bessemer Venture Partners; Angular Ventures; TLV Partners; Glynn Capital Management; Dawn Capital | $100M | $1.4B | Firebolt is an Israeli cloud data warehouse startup founded in 2019 by Eldad Farkash, Saar Bitner, and Ariel Yaroshevich, targeting faster and cheaper analytics on large datasets compared to competitors like Google BigQuery and Snowflake. It separates data storage from compute resources to deliver sub-second analytic experiences at scale, positioning itself for modern data applications and analytics-enabled products amid a projected $65B global cloud analytics market by 2025. The company emerged from stealth in late 2020 with strong traction among fast-growing tech firms. On January 26, 2022, Firebolt raised $100M in an oversubscribed Series C round led by Alkeon Capital, with participation from Angular Ventures, Bessemer Venture Partners, Dawn Capital, Glynn Capital Management, K5 Global, Sozo Ventures, TLV Partners, and Zeev Ventures, at a $1.4B post-money valuation. This brought total funding to nearly $270M across four rounds, following a $37M Series A in December 2020 and $127M Series B in June 2021. Proceeds were allocated to expand product and engineering teams, business development, and talent hiring to capitalize on exploding demand for analytics infrastructure. Later developments include 2026 layoffs of dozens amid AI-driven efficiency shifts, retaining small developer teams in Israel and the US while holding over $100M cash; founders stepped down from management the prior year. |
| Jun 2021 | Series B | K5 Global; Zeev Ventures; Bessemer Venture Partners; Angular Ventures; TLV Partners; Dawn Capital | $127M | - | Firebolt, an Israel-based cloud data warehouse founded in 2019, raised a $127 million all-equity Series B funding round on June 24, 2021, led by new investors Dawn Capital and K5 Global, with participation from existing backers Angular Ventures, Bessemer Venture Partners, TLV Partners, and Zeev Ventures. This brought total funding to $164 million following a $37 million Series A in December 2020. The company positions itself as the world's fastest cloud data warehouse, purpose-built for high-performance analytic experiences over big data, enabling faster analysis within warehouses like Snowflake and BigQuery without data movement. Funds were allocated to expand product, engineering, and go-to-market teams amid exploding demand for data applications and interactive analytics. Since the Series A, Firebolt achieved strong traction, doubling employee headcount to 100 with plans to double again within 12 months, establishing a San Francisco HQ led by Looker founding team member Keenan Rice, and adding global sites in Munich, Zurich, London, Dublin, Kiev, and Cluj. It reported explosive growth in interest and usage, onboarding sophisticated tech companies as customers, with new additions weekly and expanding usage within organizations via compute resource consumption. Firebolt targets the rapidly growing cloud data warehousing market, competing with Snowflake, Databricks, AWS, Google Cloud, and Microsoft by offering 100 times faster performance and cost efficiency for developers building BI, customer-facing, and operational data applications. Investors highlighted the team's big data expertise, market understanding, significant early traction, and the sector's potential, referencing Snowflake's high valuation as indicative of opportunity during cloud migration from on-premise systems. The quick follow-on round six to seven months after Series A underscored investor confidence in Firebolt's vision to disrupt established players, with CEO Eldad Farkash emphasizing accelerated growth to meet demand for interactive data features at unprecedented speeds over large datasets. |
| Dec 2020 | Series A | Zeev Ventures (lead); Bessemer Venture Partners; Angular Ventures; TLV Partners | $37M | - | Firebolt, an Israeli cloud data warehouse company founded by former Sisense executives including CEO Eldad Farkash, COO Saar Bitner, and CTO Ariel Yaroshevich, emerged from stealth in December 2020 with a $37 million financing round. Investors included Zeev Ventures, TLV Partners, Bessemer Venture Partners, and Angular Ventures. The company positions its SaaS platform as the world's fastest cloud data warehouse, claiming up to 182 times faster analytics performance than competitors for multi-terabyte and petabyte-scale data, enabling higher efficiency, lower costs, and better ROI on data analytics. Firebolt targets enterprises needing high-performance analytics over large datasets, competing with giants like Snowflake, Amazon Web Services, and Google Cloud. It differentiates through a complete redesign of data warehousing for cloud and data lakes, offering 10x price-performance advantages, resource choice, and cost transparency. At launch, Firebolt reported 12 large enterprise customers and plans to use the funds for product development and customer acquisition. Investors highlighted Firebolt's potential in the booming data warehousing market, validated by Snowflake's IPO, with Zeev Ventures emphasizing its powerful analytical engine for interactive experiences at reduced costs. |
Who has invested in Firebolt?
9 investors have backed Firebolt across its funding rounds, including Bessemer Venture Partners, TLV Partners, Zeev Ventures, Angular Ventures, K5 Global and Dawn Capital.
Lead investors include Alkeon Capital and Zeev Ventures.
Firebolt Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Dec 2020 | ||
| 3 | Participant | Dec 2020 | ||
| 3 | Participant | Dec 2020 | ||
| 3 | Participant | Dec 2020 | ||
| 2 | Participant | Jun 2021 | ||
| 2 | Participant | Jun 2021 | ||
| 1 | Participant | Jan 2022 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialFirebolt Competitors
Firebolt competitors include listed companies like Business-intelligence and Teradata, and private ones like Monte Carlo, Tealium, Alation and Imply.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.6B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | $100M | - | $1.7B | 17.0x | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $389M | $54M | $2B | 5.9x | ||
| Publicly listed | $1.7B | $285M | $2.7B | 1.5x |
Firebolt Public Comps
Firebolt is still privately-owned, but its public comps include Red Violet, Clarivate, TRS Information Technology, Amplitude, Transwarp, Planisware, Beijing Join-Cheer, e-Hualu, Innodata and Business-intelligence.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $90M | $24M | 13.2x | 11.7x | 50.0x | 31.7x | |||
| $2.5B | $829M | 2.1x | 2.2x | 6.3x | 5.3x | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $343M | ($76M) | 4.6x | 4.1x | (21.1x) | 98.8x | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
| $228M | $78M | 7.3x | 6.7x | 21.5x | 18.4x | |||
| $386M | $11M | 1.9x | - | 68.9x | - | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
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Common questions about Firebolt
| When was Firebolt founded? | Firebolt was founded in 2019. |
| Where is Firebolt headquartered? | Firebolt is headquartered in Tel Aviv, Israel. |
| Is Firebolt publicly listed? | No, Firebolt is a private, VC-backed company. |
| What is Firebolt's valuation? | Firebolt was last valued at $1.4B in its Series C in January 2022. |
| How much funding has Firebolt raised? | Firebolt has raised $264M across 3 funding rounds. |
| What was Firebolt's last funding round? | Firebolt's last funding round was a $100M Series C in January 2022, led by Alkeon Capital. |
| Who are Firebolt's investors? | Firebolt's investors include Zeev Ventures, Bessemer Venture Partners, Angular Ventures, TLV Partners, K5 Global, Dawn Capital, Sozo Ventures, Glynn Capital Management and Alkeon Capital. |
| Which companies are comparable to Firebolt? | Companies comparable to Firebolt include Monte Carlo, Tealium, Alation, Imply, Business-intelligence and Teradata. |
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