[Edelbyte Raises $70 Million in Funding, Led by Sequoia Capital] According to DeepFlow TechFlow, on November 11th, Israeli data infrastructure company Edelbyte announced the completion 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 develops a search and analytics platform that aims to help businesses control infrastructure costs amidst the surge in query volume driven by AI. The company claims its platform handles AI-driven workloads at a significantly lower cost than traditional systems, and has already deployed petabyte-scale deployments for Fortune 500 clients, with some clients experiencing a tenfold increase in query volume within the same budget. The company's founding team all spent over a decade at Microsoft, jointly 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 stated that the search and analytics systems that businesses rely on were designed for a world before AI, but as AI becomes the core of business, the scale and complexity of queries will far exceed the design limits of the old infrastructure.