Dremio Raises $135 Million in Series D Funding to Drive Data Lake Transformation for Global Enterprises
Dremio Raises $135 Million in Series D Funding to Drive Data Lake Transformation for Global Enterprises
01/06/21, 2:04 PM
Money raised
$135 million
Industry
sales and marketing
Round Type
series d
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.
Company Info
Additional Info
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. But he also noted that having raised this much capital, the company now has the runway to weather any potential headwinds in the global markets for quite some time.“I think everybody who studies this even for five minutes understands that there are some questions ahead in terms of inflation and what that’s going to do to tech valuations,” he noted.