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Firebolt Reaches $1.4B Valuation

Firebolt Reaches $1.4B Valuation 12 Months After Stealth Mode

The cloud data warehouse for builders of next-gen analytics, Firebolt, recently 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.

The funding round was heavily oversubscribed and finalized in record time. Firebolt selected Alkeon Capital to lead the round due to its vast experience in the data space and exceptional track record in partnering with hyper-growth companies. 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.

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 Eldad Farkash, Firebolt co-founder and CEO.

With this new funding round, Firebolt is also announcing the hiring of its CTO, Mosha Pasumansky, who was previously a principal engineer on Google’s BigQuery team, and the opening of its 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.

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Eldad Farkash

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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