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Dremio Raises $135 Million in Series D Funding to Drive Data Lake Transformation for Global Enterprises

Dremio
Thursday, January 7, 2021 11:19AM IST (5:49AM GMT)
New Funding Led by Sapphire Ventures Brings Dremio’s Valuation to $1 Billion

Santa Clara, Calif., United States:

Dremio, the innovation leader in data lake transformation, today announced it has raised $135 million in Series D funding, bringing the company’s valuation to $1 billion. This preemptive fundraising occurred just nine months after a $70 million round led by Insight Partners in March 2020.

The new fundraising round is led by Sapphire Ventures with participation from existing Dremio investors: Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures, and Cisco Investments. The investment will help Dremio expand its engineering centers of excellence around the globe, grow its customer-facing organization, contribute to open-source initiatives, and invest heavily in educating a ....

United States , Gillian Roberts , Anders Ranum , Billy Bosworth , Santa Clara , Aircover Communications , Amazon Web Service , Insight Partners , Sapphire Ventures , Lightspeed Venture Partners , Norwest Venture Partners , Redpoint Ventures , Managing Director , Data Architects , Cisco Investments , Sapphire Partners , Sapphire Sport , Media Contact , Seriesd Funding , Data Lake Transformation , Global Enterprises , Innovation Leader , Preemptive Fundraising , Cloud Data Lake Storage , Data Warehouses , ஒன்றுபட்டது மாநிலங்களில் ,