What are you looking for ?
Infinidat
Articles_top

Firebolt Launched With $37 Million in Funding

New cloud data warehouse architecture provides an order of magnitude faster query performance utilizing fewer cloud resources compared to alternatives‍.

Firebolt Analytics, Inc. unveiled a new class of cloud data warehouse as a service and announced $37 million of financing.

It delivers fast analytics performance  – up to 182x faster than other data warehouses – for the challenging data requirements at the multi-terabyte and petabyte scale, enabling higher performance with fewer cloud resources.

It allows companies to analyze much larger volumes of data than previously possible. This improves the ROI of collecting data and enables a myriad of new data-driven use cases with real business impact.

The funding included participation from Zeev Ventures, TLV Partners, Bessemer Venture Partners and Angular Ventures.

The global cloud analytics market is expected to grow to $65 billion by 2025, with increasing demand driven by vast digitization and the largest software public offering in history. Yet, current cloud data warehouse deployments struggle with performance and high costs, limiting their ability to address the needs of operations and customer-facing analytics.

Eldad Farkash, Firebolt’s co-founder and CEO, was previously the co-founder and CTO of Sisense, one of the leading business intelligence products on the market.

Saar Bitner, Firebolt’s co-founder and COO, served as the GM and CMO at Sisense.

They realized that with terabytes of data, cloud data warehouses could not scale to deliver the performance and efficiency companies needed to power their BI tools and analytics.

The company is the first cloud data warehouse that delivers a sub-second interactive analytics experience with terabytes to petabytes of data. It enables analysts, employees and end customers to gain the insights they need without having to wait for the results or worry about costs. 

“While companies can store massive amounts of data, most organizations are only able to analyze a fraction of that big data, and often find themselves looking at stale data that does not reflect the current state of their business,” said Farkash. “For companies to flourish today, they need to move fast, and they should not be forced to make data compromises to achieve only a small part of the business value that their data holds. With Firebolt, organizations can finally gain the insights they need without breaking the bank.”

Firebolt delivers multiple benefits that companies with growing data need and that existing cloud data warehouses do not provide, including:

  • Fastest cloud data warehouse: An order of magnitude faster performance at multi-terabyte/petabyte scale that enables anyone to interact with the data with sub-second performance.
  • End-to-end elastic scale: Built for AWS and with a lean, efficient, SQL query engine, it decouples storage and compute, allowing users to spin up multiple isolated compute resources on the same database. The company is a cloud data warehouse that takes the elasticity of the cloud to new levels by allowing granular control over hardware and scale, witha mouse click, for any type of data and analytics and any number of users. 
  • 10x price-performance advantage: The firm enables more users to extract more value at a fraction of the cost of the alternatives through greater efficiency, complete choice of resources, and 100% cost transparency.

“Firebolt created a SaaS product that changes the analytics experience over big data sets,” Oren Zeev, Zeev Ventures, said. “The pace of innovation in the big data space has lagged the explosion in data growth, rendering most data warehousing solutions too slow, too expensive, or too complex to scale. Firebolt takes cloud data warehousing to the next level by offering the world’s most powerful analytical engine. This means companies can now analyze multi-terabyte/petabyte data sets easily at significantly lower costs and provide a truly interactive user experience to their employees, customers or anyone who needs to access the data.”

Comments

Founded in 2019 by a team of database and analytics experts, Firebolt surfs on the hot cloud data warehouse wave driven recently by the iconic Snowflake and in the past by classic players such Teradata or Netezza to list 2 famous ones.

The opportunity is huge and the trajectory of Snowflake has accelerated appetite. In just a few years, Snowflake raised $1.4 billion and currently reaches $100 billion of market capitalization after a spectacular IPO last September.

Firebolt promotes itself being the 3rd generation of data warehouse following classic ones and other iterations with Amazon Redshift, Google BigQuery, Amazon Athena and of course Snowflake more recently. Other flavors are Rockset, Yellowbrick and the French company Indexima with their development and demonstrated high performance as well. The Firebolt team claims to be the world's fastest cloud data warehouse with a 182x gain vs. direct competitors.

Like Snowflake, Firebolt leverages AWS S3 for simplicity, flexibility, elasticity and hyper scalability and introduces its own data file format named TripleF to enable its query engine running on EC2 coupled with RAM and SSDs. No miracle here you need fast media (RAM and SSD) and connectivity to deliver fast data. The reverse is not true as you can be slow on fast devices with wrong design, limited data organization and rigid access methods. But here again the team combines successfully fast devices, fast query relying on clever design and architecture delivering top results.

The service is today available only on AWS at $25,000 for up to 3TB for the Basic level and $80,000 for up to 15TB for the Pro level. And users have to add $0.001/TB for AWS compute, storage and networking infrastructure.

Articles_bottom
AIC
ATTO
OPEN-E