Israeli startup Firebolt has been taking on Google’s BigQuery, Snowflake and others with a cloud data warehouse solution that it claims can run analytics on large data sets cheaper and faster than its competitors. Now, it is announcing a big round of funding to fuel its big data growth: Firebolt has raised $100 million in a Series C round on a $1.4 billion valuation. It plans to use the money to continue investing in its technology stack, to step up with more business development and to hire more talent for its team, to meet what it believes are changing tides in the world of data warehousing (Lunden, 2022).
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