Cloud Data Warehouse platforms
Updated: October 27, 2021
2021. Firebolt raises $127M for its new approach to cheaper and more efficient big data analytics
Snowflake changed the conversation for many companies when it comes to the potentials of data warehousing. Now one of the startups that’s hoping to disrupt the disruptor, Firebolt, has raised $127 million Series B. The startup claims that its performance is up to 182 times faster than that of other data warehouses with a SQL-based system that works on academic research that had yet to be applied anywhere, around how to handle data in a lighter way, using new techniques in compression and how data is parsed. Data lakes in turn can be connected with a wider data ecosystem, and what it translates to is a much smaller requirement for cloud capacity. And lower costs.
2021. Meroxa raises $15M for its real-time data platform
Meroxa, a startup that makes it easier for businesses to build the data pipelines to power both their analytics and operational workflows, has raised a $15 million Series A. The promise of Meroxa is that businesses can use a single platform for their various data needs and won’t need a team of experts to build their infrastructure and then manage it. At its core, Meroxa provides a single software-as-a-service solution that connects relational databases to data warehouses and then helps businesses operationalize that data.
2021. AI Data management company Databricks raises $1B
Databricks, the data-and-AI focused company that interacts with corporate information stored in the public cloud, has raises $1B. The company makes money by offering each of those open-source products as a software service and it’s doing exceedingly well at it, so much so that investors were tripping over each other to be part of this deal. In fact, Ghodsi said in a conversation with TechCrunch today that his company had targeted a much more modest $200 million raise, but that figure grew as more parties wanted to invest funds into the company. Even with that, Databricks had to turn capital away, he added, after deciding to cap the round at $1 billion.
2020. Hightouch raises $2.1M to help businesses get more value from their data warehouses
Hightouch, a SaaS service that helps businesses sync their customer data across sales and marketing tools, is coming out of stealth and announcing a $2.1 million seed round. As businesses adopt data warehouses (like Snowflake, Google’s BigQuery and Amazon Redshift), they now have a central repository for all of their customer data. Typically, though, this information is then only used for analytics purposes. But it also makes sense for operational purposes like serving different business teams with the data they need to run things like marketing campaigns — or in product personalization. Hightouch lets users create SQL queries and then send that data to different destinations — maybe a CRM system like Salesforce or a marketing platform like Marketo — after transforming it to the format that the destination platform expects.
2020. Firebolt raises $37M to take on Snowflake, Amazon and Google with a new approach to data warehousing
Firebolt, a startup that has built a more comprehensive way to assess, analyse and use that data is announcing $37M funding as it looks to take on Snowflake, Amazon, Google and others in the area of enterprise data analytics. Today's data warehouses are solving yesterday’s problem, which was: How do I migrate to the cloud and deal with scale? Firebolt changes the focuse from one of scale to one of speed and efficiency. The startup claims that its performance is up to 182 times faster than that of other data warehouses. It’s a SQL-based system that works on principles that Farkash said came out of academic research that had yet to be applied anywhere, around how to handle data in a lighter way, using new techniques in compression and how data is parsed. Data lakes in turn can be connected with a wider data ecosystem, and what it translates to is a much smaller requirement for cloud capacity.
2020. Google quietly acquires data warehouse management startup Dataform
Dataform, a startup in the U.K. that was building what it dubbed an “operating system” for data warehouses, has been quietly acquired by Google’s Google Cloud division. Dataform had set out to help data-rich companies draw insights from the data stored in their data warehouses. Mining data for insights and business intelligence typically requires a team of data engineers and analysts. Dataform wanted to simplify this task and in turn make it faster and cheaper for organisations to take full advantage of their data assets.
2020. Altinity grabs $4M to build cloud version of ClickHouse open-source data warehouse
Altinity, the commercial company behind the open-source ClickHouse data warehouse, announced a $4 million seed round along with a new cloud service, Altinity.Cloud.. Altinity.Cloud offers immediate access to production-ready ClickHouse clusters with expert enterprise support during every aspect of the application life cycle. It also helps with application design and implementation and production assistance, in essence combining the consulting side of the house with the cloud service.
2020. Data dashboard startup Count raises $2.4M
Count, a startup that is an attempt to create an all-in-one data platform, providing early-stage teams with tools to build data pipelines more cheaply, has raised $2.4m. Count gives a way to pull all data together and build reports for the whole team. Its notebooks are a powerful way to share insights in context and give the team the ability to query data without having to learn SQL. Count competes with a number of different solutions including Data warehouses such as Snowflake; Data cleaning tools like DBT; and analytics platforms like Looker.