Edelbyte Raises $70 Million in Funding Led by Sequoia Capital

On November 11, Israeli data infrastructure company Edelbyte stepped out of stealth mode, announcing the closing of a $70 million seed and Series A funding round led by Sequoia Capital and Quiet Capital, with participation from Greenoaks and Swish Ventures.

Edelbyte builds a search and analytics platform designed to help enterprises control infrastructure costs amidst surging query volumes driven by AI. The company states that its platform processes AI-driven workloads at a fraction of the cost of traditional systems, has already deployed petabyte-scale solutions for Fortune 500 clients, and enabled some customers to achieve a tenfold increase in query volume on the same budget.

The founding team each spent over 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. According to Aharoni, the search and analytics systems relied upon by enterprises were designed for a pre-AI era, and as AI becomes central to business operations, the scale and complexity of queries will far exceed the capacity limits of legacy infrastructure.