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SANTA CLARA, Calif.- March 04, 2019 –Dremio, the Data-as-a-Service Platform company, today announced strong revenue growth and global expansion to close out 2018. The company grew its annual recurring revenue by 10X since 2017, with growth in enterprise customer acquisition up 500 percent. Dremio expanded its global footprint with the addition of engineering, support, and sales teams in Canada, India, and Austin, and launched a new Professional Services Group as well as an on-demand virtual education platform, Dremio University.
“Dremio experienced explosive growth across all business metrics in 2018,” said Tomer Shiran, co-founder and CEO, Dremio. “The adoption of Data-as-a-Service from the industry and customers played a significant role in our record growth in revenue and increased customer base. Our platform provides a fundamentally different approach that allows data to be managed in whichever persistence technology is most appropriate for a given use case while providing the functionality, performance, and security controls required for integrating with the traditional tools deployed on millions of desktops.”
2018 Business Highlights
Dremio is the Data-as-a-Service Platform company. Created by veterans of open source and big data technologies, and the co-creators of Apache Arrow, Dremio is a fundamentally new approach to data analytics that helps companies get more value from their data, faster. Dremio makes data engineering teams more productive, and data consumers more self-sufficient. For more information, visit www.dremio.com.
Founded in 2015, Dremio is headquartered in Santa Clara, CA. Investors include Lightspeed Venture Partners, Redpoint, Norwest Venture Partners, and Cisco Investments. Connect with Dremio on GitHub, LinkedIn, Twitter, and Facebook.
Winkowski Public Relations