Total amount raised
$410 Millions
Latest funding date
Location
Dremio has successfully raised significant funding through multiple rounds, reaching the Series E stage. The platform offers a comprehensive data lakehouse solution, combining the flexibility of data lakes with the performance of data warehouses.
Keep reading to explore the intricacies of Dremio's fundraising journey and the investors backing this innovative platform.
What Is Dremio?
Dremio, founded in 2015 by Jacques Nadeau and Tomer Shiran, is headquartered in Santa Clara, California. The company specializes in providing an intelligent lakehouse platform that unifies data sources without ETL, simplifying the creation of high-quality, governed datasets. With a team of 251-500 employees, Dremio accelerates AI and analytics by delivering autonomous performance optimization.
How Much Funding Has Dremio Raised?
- Series A
- Amount Raised: $15M
- Date: September 2015
- Lead Investors: Lightspeed Venture Partners, Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial product offerings.
- Series B
- Amount Raised: $25M
- Date: January 2018
- Lead Investors: Norwest Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B (Additional)
- Amount Raised: $5M
- Date: July 2018
- Lead Investors: Cisco Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support product enhancements and market expansion.
- Series C
- Amount Raised: $70M
- Date: March 2020
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series D
- Amount Raised: $135M
- Date: January 2021
- Lead Investors: Sapphire Ventures
- Valuation at Round: $1B
- Motivation Behind the Round: To support growth and development in the data lake platform market.
- Series E
- Amount Raised: $160M
- Date: January 2022
- Lead Investors: Adams Street Partners
- Valuation at Round: $2B
- Motivation Behind the Round: To expand the engineering team, triple sales capacity, and grow the go-to-market strategy in Europe.
Total Amount Raised: $410M. Current Valuation: $2B.
Key Investors
- Adams Street Partners
- Details: Adams Street Partners is a private markets investment management firm. They led Dremio's Series E funding round.
- Investment Focus Areas: Private equity, venture capital, private credit.
- Notable Investments: DocuSign, Magic Leap, Robinhood.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that focuses on growth-stage technology companies. They led Dremio's Series D funding round.
- Investment Focus Areas: Technology, enterprise software, consumer internet.
- Notable Investments: Square, LinkedIn, Box.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They participated in Dremio's Series E funding round.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Twitter, Shopify, Qualtrics.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm. They participated in Dremio's Series E funding round.
- Investment Focus Areas: Enterprise, consumer, health.
- Notable Investments: Snap, Nest, GrubHub.
- Norwest Venture Partners
- Details: Norwest Venture Partners is a venture capital and growth equity investment firm. They led Dremio's Series B funding round.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Uber, Spotify, BlueJeans.
What's Next for Dremio?
As Dremio looks to the future, the opportunities are vast. The company is poised to capitalize on the growing demand for cloud data lakes and modern open data architectures. With a recent $160 million funding round, Dremio plans to expand its engineering and sales teams, particularly in Europe, and enhance its SQL lakehouse technology. This expansion could significantly increase its market share and customer base, which already includes major companies like Samsung and General Motors.
Future fundraising opportunities seem promising, given the company's rapid growth and strong market position. Investors are likely to remain interested as Dremio continues to innovate and expand. However, challenges such as competition from other data analytics platforms and navigating regulatory requirements in new markets could pose hurdles. Ensuring scalability and performance while maintaining data governance and security will be crucial as Dremio scales its operations.
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