Santa Clara, CA ; 03/26/2020
Amount Funded: $70 Million
Type: Series C
Lead Investor: Insight Partners*
Participating Investor(s): Cisco Investments, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures
* = new investor
Company Description: Dremio’s Data Lake Engine delivers fast query speed and a self-service semantic layer operating directly against data lake storage. Dremio eliminates the need to copy and move data to proprietary data warehouses or create cubes, aggregation tables and BI extracts, providing flexibility and control for Data Architects, and self-service for Data Consumers.
What funding will be used for: Continuing growth by investing in expanded product capabilites, scalling go-to-market and engineering operations worldwide.
“Data is an integral part of every business, and in today’s market, cost-efficient approaches to data analytics are critical. Dremio’s Data Lake Engine makes analytics directly on data lake storage fast, efficient, and secure, which drives down cloud infrastructure costs while giving data consumers what they need, when they need it.”
-Billy Bosworth, CEO, Dremio
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