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Solutions Review recently covered Dremio Series D round as one of the the biggest data management news items during the first half of 2021. The following are the highlight:
Dremio has announced new funding in a Series D round worth $135 million, according to a press release on the company’s website. The Dremio funding brings the company’s total raised to more than $250 million since its founding in 2015 and comes on the heels of funding in March 2020. The new capital injection is being led by Sapphire Ventures with participation from existing partners. Dremio will use the funding to expand its engineering centers of excellence and invest in growing a community of data lake practitioners.
In a media statement about the news, Dremio CEO Billy Bosworth said “There is a challenging story before the story when it comes to data warehouses, and that is the process of copying, moving and synchronizing data. Dremio’s technology fundamentally simplifies workflows allowing analytics directly on your full data set, stored in industry-standard open formats, residing in native cloud storage. We are pleased to have Sapphire Ventures on the investor team helping to make that possible.”
Read the full article here.