March 30, 2020

Dremio- $70 Million

Dremio 

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.

Quotes:

“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

 

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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