Unveiling our investment in Firebolt
The next era of cloud-native data
With today’s funding announcement (Techcrunch, VentureBeat), we are thrilled to be finally able to announce our investment in Firebolt, the world’s fastest cloud-native data warehouse built by the founding team that previously built SiSense. (We have been sitting on this investment in stealth mode since November 2018!) Eldad Farkash and the amazing team at Firebolt (Saar, Boaz, Asaph, Itzik, and others) are unlocking the next phase of cloud-native data analytics.
Angular Ventures was the first investor to commit to the company, and we are thrilled that Zeev Ventures, Bessemer Venture Partners, and TLV Partners — three of the sharpest investors in the Israeli eco-system — have joined us in supporting the company. For a more technical look at Firebolt, click here.
A long partnership. For me personally, this is particularly significant as it’s the second time I’ve been lucky enough to back Eldad at the seed stage, having backed him previously at Genesis to build SiSense which has turned into a massive success story in its own right. When Eldad showed up at Genesis to pitch SiSense, the conventional wisdom was that “BI is a four-letter word” and “only the biggest organizations in the world are going to need a data warehouse this powerful.”
Nope. Eldad saw the trends and built a product for where the puck was going — not where the puck was at that moment. SiSense has emerged a leading player for next-generation enterprise business analytics solutions, and recently crossed the $1B valuation threshold and — more importantly — joined the rarified group of companies generating over $100M in sales.
And today, with Firebolt, Eldad and his team are doing it again. Think current cloud-native data warehouses are fast? Think they are easy to use? Think the current pricing models make sense?
Nope.
We’re also thrilled to have had Eldad on board as a Venture Partner in Angular Ventures since day zero — long before the fund existed in any formal sense. Eldad is pretty busy with Firebolt, but he makes time to work with several of our portfolio companies across the data/AI/ML domain and is adding a ton of value to those companies and their founders.
Thank you, Eldad for your continued partnership across SiSense, Angular, and — now — Firebolt! 🔥🔩
