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Dremio is small but growing at a fast pace. In January 2021, the company closed a series D funding round in which it raised $135 million at a $1 billion valuation. Dremio says it plans to use the funding to grow its global engineering centers — engineering headcount growth more than doubled over the past year, though the total headcount of 79 engineers still makes it small relative to most of the competitors on the Power Index. Still, it hopes that a new approach that allows customers to directly query data in cloud storage platforms could be its big ticket to growth — which goes some way to explaining its top spot on our momentum leaderboard.
Read the full article here on Protocol.
Dremio reimagines the data lake service to deliver faster time to analytics, eliminating the need for expensive proprietary systems. Dremio eliminates the need to copy and move data to proprietary data warehouses or create cubes, aggregation tables and BI extracts, providing flexibility and control for Data Architects, and self-service for data consumers. Founded in 2015, Dremio is headquartered in Santa Clara, CA. Investors include Cisco Investments, Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures, and Sapphire Ventures. For more information, visit www.dremio.com. Connect with Dremio on GitHub, LinkedIn, Twitter, and Facebook.