What is Dremio?
Dremio offers an open and accessible data lakehouse designed for self-service SQL analytics, providing the performance of a data warehouse with the flexibility of a data lake. The company, founded in 2015 and headquartered in Santa Clara, CA, empowers hundreds of organizations, including three Fortune 500 companies, to run mission-critical business intelligence directly on their data lakes. As the original creator of Apache Arrow, Dremio is at the forefront of enabling efficient data processing and analysis across diverse data sources, catering to customers wherever they are in their cloud adoption journey.
How much funding has Dremio raised?
Dremio has raised a total of $420M across 6 funding rounds:
Unspecified
$10M
Series A
$15M
Series B
$30M
Series C
$70M
Series D
$135M
Series E
$160M
Unspecified (2015): $10M with participation from Redpoint Ventures and Lightspeed Venture Partners
Series A (2015): $15M led by Lightspeed Venture Partners and Redpoint Ventures
Series B (2018): $30M supported by Redpoint Ventures, Lightspeed Venture Partners, and Norwest Venture Partners
Series C (2020): $70M featuring Lightspeed Venture Partners, Norwest Venture Partners, Insight Partners, Redpoint Ventures, and Cisco Investments
Series D (2021): $135M backed by Cisco Investments, Sapphire Ventures LLC, Insight Partners, Norwest Venture Partners, Lightspeed Venture Partners, and Redpoint Ventures
Series E (2022): $160M with participation from Adams Street Partners, Lightspeed Venture Partners, and Insight Partners
Key Investors in Dremio
Adams Street Partners
Adams Street Partners, founded in 1972 and headquartered in Chicago, Illinois, is a global investment management firm specializing in private markets.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global multistage venture capital firm that invests in early and growth-stage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure.
Insight Partners
Insight Partners is a private platform purpose-built for its portfolio company leaders, fostering connections and providing support as they scale.
What's next for Dremio?
With its latest major strategic investment, Dremio is poised for accelerated expansion and product development. The substantial capital infusion is expected to fuel advancements in its data lakehouse technology, enhance its self-service analytics capabilities, and broaden its market reach. The company's focus on reinventing SQL for data lakes, coupled with its foundational role in Apache Arrow, suggests a strategic push towards greater data accessibility and performance for enterprises. Future initiatives will likely involve strengthening its cloud-native offerings and expanding its ecosystem partnerships to solidify its position as a leader in the modern data stack.
See full Dremio company page
