Edelbyte Raises $70 Million in Funding, Led by Sequoia Capital

According to TechFlow, on November 11, Israeli data infrastructure company Edelbyte emerged from stealth mode and announced the completion of $70 million in Seed and Series A funding, led by Sequoia Capital and Quiet Capital, with participation from Greenoaks and Swish Ventures. Edelbyte operates a search and analytics platform aimed at helping enterprises control infrastructure costs amid the surge in query volume driven by AI. The company said its platform handles AI-driven workloads at a much lower cost than traditional systems, has run PB-scale deployments for Fortune 500 customers, and some customers have increased query volume to 10 times their previous levels under the same budget. The founding team members each spent more than a decade at Microsoft, co-building data systems that support dozens of Microsoft products: CEO Avner Aharoni, CTO Evgeney Ryzhyk, VP of Engineering Alexander Sloutsky, and VP of Platform Engineering Yoni Leibowitz. Aharoni said the search and analytics systems enterprises rely on were designed for the pre-AI world, and as AI becomes central to business operations, the scale and complexity of queries will far exceed the design limits of legacy infrastructure.

Source: TechFlow