Dremio raises $135 mn led by Sapphire Ventures

Dremio has raised $135 million in Series D funding led by Sapphire Ventures.
DremioDremio had raised $70 million led by Insight Partners in March 2020.

The new fundraising round has received participation from existing Dremio investors: Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures, and Cisco Investments.

Dremio will use investment to expand its engineering centers of excellence around the globe, grow its customer-facing organization, contribute to open-source initiatives, and invest heavily in educating and enabling a growing community of data lake practitioners.

Dremio has clients such as UBS, NCR and Henkel.

Dremio has achieved breakout velocity, doubling revenue, customers, and employees in the past year, while working with its strategic partners such as Amazon, Microsoft, and Tableau.

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