Company Overview
Snapshot
Founded in August 2018 by Eldad Farkash and Saar Bitner, Firebolt operates with 201–500 employees. The company has raised $269 million across 4 funding rounds from 9 investors, with Alkeon Capital Management notably leading a Series C round in January 2022. In September 2025, Firebolt appointed Hemanth Vedagarbha as its new CEO, signaling a strategic leadership transition amidst its global expansion efforts.
Business overview
Firebolt provides a cloud data warehouse as a service, leveraging advanced technology and academic research in big data to deliver exceptional speed and elasticity. Its core product enables users to perform analytics at high speeds across terabytes and petabytes of data, utilizing a decoupled storage and compute architecture for scalable workloads. Firebolt serves various industries, particularly technology companies and SaaS providers, focusing on real-time applications and AI-driven capabilities within the Business Software sector.
Strategic signal
In February 2026, Firebolt implemented significant layoffs across its Israeli and international teams, despite holding over $100 million in cash. This move, which retained only a small team of developers, indicates a strategic shift towards improving efficiency and adapting to new technological demands, particularly AI-driven capabilities. For investors, this signals a company prioritizing operational streamlining and a focused pivot towards AI integration, potentially impacting its near-term growth trajectory and resource allocation.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent leadership change at Firebolt?
- In September 2025, Firebolt appointed Hemanth Vedagarbha as its new CEO. Vedagarbha, who previously served as the company's President, also joined the board of directors, marking a key leadership transition during a period of rapid growth and global expansion.
- Has Firebolt expanded its global presence recently?
- In August 2025, Firebolt announced a major expansion in the Asia-Pacific (APAC) region, opening a new regional hub in Singapore. Deepak Ajmani was appointed as Head of Asia & ANZ to lead this growth, driven by increased demand for data and AI solutions in the region.
- What was the outcome of Firebolt's Series C funding round?
- The round was led by Alkeon Capital Management, with participation from investors including Oren Zeev.
- What was a notable operational change at Firebolt in early 2026?
- In February 2026, Firebolt conducted layoffs affecting dozens of employees in Israel and abroad. This decision was part of a strategic shift to enhance efficiency and adapt to new technological demands, particularly in AI, despite the company holding substantial cash reserves.
- When did Firebolt raise its Series B funding?
- The round was led by Dawn Capital, with participation from TLV Partners.