Ryft, a pioneering cloud data management platform, secured $8 million in seed funding. Index led the round, while Bessemer Venture Partners also participated, alongside founding team members from Wiz and executives from Zscaler, Crowdstrike, Confluent, and Cisco.
This Ryft funding aims to help enterprises regain control over their data. Cloud giants like Snowflake and Databricks often create vendor lock-in, leading to high costs and rigid infrastructure. Ryft's cloud data platform directly addresses these challenges.
Empowering Enterprise Data Ownership
Ryft offers a fully managed data platform built for Apache Iceberg. This open-source standard supports modern data lakes. Consequently, the platform ensures data ownership and flexibility.
The Ryft data platform handles critical functions including optimization, compliance, and disaster recovery. Furthermore, it simplifies data stacks and enables easier AI adoption for businesses.
Ryft was founded in 2024 by Yossi Reitblat (CEO), Yuval Yogev (CTO), and Guy Gadon (VP R&D). These founders are former elite Israeli intelligence officers.
The company already serves customers across finance, e-commerce, Adtech, gaming, and cybersecurity.
This new capital will expand the engineering team. Additionally, it will scale go-to-market efforts and build new partnerships. Ryft maintains offices in New York and Tel Aviv.
