Tech giants built the data lakehouse out of necessity. Now their open-source foundations are being commercialized by other companies, including Dremio, which launched wide availability of its Dremio Cloud service Wednesday. Dremio, which calls itself a lakehouse company, announced Wednesday that its Dremio Cloud data lakehouse platform — based in part on Apache Iceberg — […]
Apache Iceberg is an open table format for datasets that can be used with compute engines like Spark, Trino, PrestoDB, Flink, and Hive. It has a lot of failsafes in place to ensure that users don’t accidentally mess up a table with a wrong command. Its schema evolution supports tasks like add, drop, update, or rename, […]
The editors at Solutions Review have curated this list of the most noteworthy data management news items for January 2022. In this month’s roundup, Fivetran Transformations news, Precisely’s latest acquisition, venture capital raises for Dremio and Firebolt, and more. Keeping tabs on all the most relevant data management news can be a time-consuming task. As […]
Data lake startup Dremio hits $2B valuation with latest funding. Dremio, a startup developer of data lakehouse software, hit it big this week when it raised $160 million in a Series E round of funding that boosted the company’s valuation to $2 billion. The company has now raised a total of $421.5 million. The latest funding comes […]
This is a weekly feature that runs down the week’s top 10 funding rounds in the U.S. Check out 2022’s biggest funding rounds here. Attention-getting aspect of this week’s list is the diversity of companies. From self-flying air taxis to Kim Kardashian‘s underwear company to a farming startup, this week ran the gamut of different sectors […]
Dremio, a Santa Clara, Calif.-based data lake transformation company, raised $160 million in Series E funding. Adams Street Partners led the round and was joined by investors including Sapphire Ventures, Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, and Cisco Investments. Read the full article here on Fortune.
In the second deal in a week involving one of Palihapitiya SPACs, Social Capital Suvretta announced plans to merge with and take public Akili Interactive Labs, a developer of games used to treat cognitive problems. Read the full article here on Silicon Valley Business Journal.
Dremio, the innovation leader in data lake transformation, today announced it has closed a $160 million Series E funding round, bringing the company’s valuation to $2 billion. This preemptive fundraising occurred just one year after a $135 million round led by Sapphire Ventures in January 2021. The new fundraising round is led by Adams Street […]
The new round comes as the company has doubled its revenue for several years running and has more than quadrupled its workforce since 2020. Dremio Inc. has a bunch of new cash to promote and develop its data analysis service. The Santa Clara company, which helps businesses run queries on large pools of raw data, […]
SQL data lakehouse company Dremio has closed a $160 million series E funding round, bringing the company’s valuation to $2 billion. The preemptive fundraising round, led by Adams Street Partners, comes soon after its $135 million round last year led by Sapphire Ventures just one year ago. Total funding is now $410 million. The investment will help […]
Read the full article here on Techmeme.
The vendor is raising new money as demand for cloud data platform technology continues to grow as enterprises look to improve business intelligence and data analytics. Dremio said on Jan. 25 it raised $160 million in a Series E round of funding, giving the data lake platform vendor a valuation of $2 billion. The new […]
Series E round of $160 million comes just one year after the company’s last round and brings its total funding to more than $421 million. Data lakehouse platform developer Dremio has raised $160 million in a round of venture funding that puts the big data startup’s pre-money valuation at $2 billion, the company said Tuesday. […]
Data analytics specialist Dremio Corp. is now valued at $2 billion, double what it was worth a year ago, after raising $160 million in new funding. Dremio said in its announcement of the Series E funding round today that Adams Street Partners led the investment. StepStone Group and DTCP participated as well. The three firms were joined […]
Santa Clara-based Dremio, the innovation leader in data lake transformation, announced it has closed a $160 million Series E funding round, bringing the company’s valuation to @2 billion. This preemptive fundraising occurred just one year after a $135 million round led by Sapphire Ventures in January 2021. Read the full article here on SF Business […]