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

Jan 06, 2021•over 4 years ago

Amount Raised

$135 Million

Round Type

series d

Sales And Marketing

Description

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 Information

Company

Dremio

About

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.

Company News

(8 articles)

Mon, 14 Apr 2025 07:00:00 GMT

Dremio Recognized as #1 Vendor in Dresner’s 2025 Active Data Architecture Market Study - Yahoo Finance

Mon, 19 Oct 2020 07:00:00 GMT

Using Dremio for Fast and Easy Analysis of Amazon S3 Data - Amazon Web Services

Fri, 21 Jul 2017 07:00:00 GMT

Dremio Launches Self-Service Data Analytics for Data Scientists - eWeek

Wed, 02 Mar 2022 08:00:00 GMT

Dremio Announces Open and Forever-Free Lakehouse Platform, Dremio Cloud, on AWS - Business Wire

Tue, 31 Jul 2018 07:00:00 GMT

Dremio raises $30 million from Cisco Investments and others to streamline data management - VentureBeat

Wed, 25 May 2022 07:00:00 GMT

Break down silos with AWS Transfer Family and Dremio’s Data Lakehouse Platform | Amazon Web Services - Amazon Web Services

Wed, 02 Mar 2022 08:00:00 GMT

Dremio Cloud is a Lakehouse Platform on AWS That Democratizes Data - Amazon Web Services

Thu, 19 Jan 2023 08:00:00 GMT

Israeli Cloud startups to watch out for in 2023 - CTech

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