Israeli data infrastructure company Edelbyte emerged from stealth on Wednesday with $70 million in seed and Series A funding, led by Sequoia and Quiet Capital with participation from Greenoaks, Swish Ventures and Startpoint Capital. The company has built a search and analytics platform meant to handle AI-driven demand at lower cost than legacy systems. According to the company, it already runs petabyte-scale deployments at Fortune 500 customers, and some customers run up to ten times as many queries on the same budget.
The founders, CEO Avner Aharoni, CTO Evgeney Ryzhyk, VP engineering Alexander Sloutsky and VP platform engineering Yoni Leibowitz, spent more than a decade together building data systems that support dozens of Microsoft products and services. The company has 40 employees in Israel, the US and Europe.
Aharoni said the systems companies use to search and analyze data "were built for a world before AI", and that query volume and complexity will grow far beyond what legacy infrastructure was designed to handle.