Firebolt, a cloud data warehouse, raised $100M in its latest round of funding. Firebolt does eventually plan on an initial public offering, but that isn’t expected in the next 18 months, CEO and co-founder Eldad Farkash said. “Our focus for this year is to continue to accelerate our product and engineering”.
Firebolt faces competition from Snowflake, Amazon Web Services, Microsoft, and Google Cloud, but it believes it's a massive market.
Israel-based cloud data warehouse Firebolt raised a $127 million Series B just six months after closing a $37 million Series A and launching out of stealth.