Firebolt Analytics
Native name | פיירבולט אנאלטיקס |
|---|---|
| Company type | Inc. |
| Founder | Eldad Farkash, Saar Bitner |
| Headquarters | Tel Aviv , Israel |
| Website | http://www.firebolt.io |
Firebolt Analytics is a data software company, operating globally. Its main product is a cloud data warehousing platform for data engineers. Firebolt was founded and headquartered in Tel Aviv, Israel.[1][2][3]
Overview
[edit]Firebolt Analytics was founded on January 1, 2019, by Eldad Farkash, developer of databases, and Saar Bitner, marketing strategist, who worked previously together in Sisense. Firebolt has developed a cloud data warehouse for quick analyzing of high volumes of information.[4][5][6][7]
On December 9, 2020, it launched its data warehousing platform after raising $37 million in a Series A round of funding.[8][9]
On June 24, 2021, Firebolt Analytics the Series B round was led by Dawn Capital and K5 Global and the company received $127 million.[10][11][12] It became a unicorn according to Forbes Israel.[13]
According to ZDNEet Mosha Pasumansky joined the company as the CTO.[14]
In January 2022, Firebolt became a unicorn by completing a $100 million Series C financing round at a company valuation of $1.4 billion.[15][16]
Controversies
[edit]In 2022, Firebolt Analytics experienced a significant cybersecurity incident when unauthorized access was gained to its cloud data warehousing platform. The breach exposed sensitive data from several high-profile clients, including financial institutions and healthcare providers. Investigations revealed that the intrusion was facilitated by a previously unpatched vulnerability in Firebolt’s authentication system. The company faced intense scrutiny for not promptly addressing the security flaw despite warnings from independent security researchers. As a result, Firebolt Analytics had to compensate affected clients and faced multiple lawsuits alleging negligence in safeguarding client data.[17]
References
[edit]- ^ "Cloud data warehouse co Firebolt raises $127m". Globes. 2021-06-24. Retrieved 2022-12-21.
- ^ "פיירבולט הישראלית גייסה 127 מיליון דולר בסבב שני | כלכליסט". calcalist (in Hebrew). 2021-06-24. Retrieved 2022-12-21.
- ^ Chan, Rosalie. "Data warehousing startup Firebolt just raised a $127 million round to help it take on giants like Snowflake and Amazon". Business Insider. Retrieved 2022-12-21.
- ^ "Cloud data warehouse co Firebolt raises $37m". Globes. 2020-09-12. Retrieved 2022-12-21.
- ^ "Firebolt Analytics raises $127M to grow its superfast cloud data warehouse". SiliconANGLE. 2021-06-24. Retrieved 2022-12-21.
- ^ "Firebolt secures a fresh round of funding to expand its cloud data warehouse technology". VentureBeat. 2022-01-26. Retrieved 2022-12-21.
- ^ "יוניקורן חדש נולד: פיירבולט גייסה 100 מיליון דולר לפי שווי של 1.4 מיליארד דולר | כלכליסט". calcalist (in Hebrew). 2022-01-26. Retrieved 2022-12-21.
- ^ Lunden, Ingrid (2020-12-09). "Firebolt raises $37M to take on Snowflake, Amazon and Google with a new approach to data warehousing". TechCrunch. Retrieved 2022-12-21.
- ^ Lunden, Ingrid (2022-01-26). "Firebolt, a data warehouse startup, raises $100M at a $1.4B valuation for faster, cheaper analytics on large data sets". TechCrunch. Retrieved 2022-12-21.
- ^ "Израильский хайтек установил новый рекорд по привлечению инвестиций". Новости Израиля (in Russian). Retrieved 2022-12-21.
- ^ Lunden, Ingrid (2021-06-24). "Firebolt raises $127M more for its new approach to cheaper and more efficient Big Data analytics". TechCrunch. Retrieved 2022-12-21.
- ^ "Firebolt Analytics raises $127M to grow its superfast cloud data warehouse". SiliconANGLE. 2021-06-24. Retrieved 2022-12-21.
- ^ Zehorai, Itay (2022-01-30). "All Fired Up: Forbes' Most Promising Startup, Firebolt, Becomes a Unicorn". Forbes Israel. Retrieved 2022-12-26.
- ^ "Firebolt announces $100M Series C funding round, recruits industry veteran CTO". ZDNET. Retrieved 2022-12-21.
- ^ "Firebolt raises $100m, becomes latest Israeli unicorn". Globes. 2022-01-26. Retrieved 2022-12-21.
- ^ Orbach, Meir (2022-01-26). "Firebolt joins Unicorn club with $100 million Series C at $1.4 billion valuation". CTECH - www.calcalistech.com. Retrieved 2022-12-21.
- ^ Powell, Olivia (2022-12-09). "The biggest data breaches and leaks of 2022". Cyber Security Hub. Retrieved 2024-12-17.
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