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SAP to acquire Dremio for AI enhancement
PRIVATEMay 23, 2026•3 months ago
Acquiring Company
SAP
Acquired Company
Dremio
WalldorfSoftwareSaasAnalyticsSales And Marketing
Description
SAP has filed for antitrust approval to acquire Dremio, aiming to enhance its AI capabilities. The acquisition, registered on May 19, 2026, is part of SAP's strategy to break down data silos for its AI initiatives. Dremio's data lakehouse technology aligns with SAP's vision to integrate autonomous systems into its offerings.
Company Information
Company
SAP
Location
Walldorf, Baden-Württemberg, Germany
About
SAP’s strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
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Tech stack consolidation
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Frequently asked
Who acquired Dremio?
Dremio was acquired by SAP, based in Walldorf. The deal was reported on May 23, 2026. SAP’s strategy is to help every business run as an intelligent enterprise. SAP is privately held and operates in Software.
When did SAP acquire Dremio?
SAP's acquisition of Dremio was reported on May 23, 2026. SAP has filed for antitrust approval to acquire Dremio, aiming to enhance its AI capabilities. The acquisition, registered on May 19, 2026, is part of SAP's strategy to break down data silos for its AI initiatives. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Dremio do?
The company says this preemptive round now brings Dremio’s valuation to $2 billion, up from $1 billion when it raised its Series D round just over a year ago. It is privately held, operating in Sales And Marketing.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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WalldorfSoftwareSaasAnalyticsSales And Marketing