Dremio raises $160M Series E for its data lake platform

Dremio raises $160M Series E for its data lake platform

2 years ago
Anonymous $dEyjbtEkMr

https://techcrunch.com/2022/01/25/dremio-raises-160m-series-e-for-its-data-lake-platform/

Data lake platform Dremio today announced that it has raised a $160 million Series E funding round led by Adams Street Partners. Existing investors Sapphire Ventures (which also led the company’s $135 million Series D round last year), Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, and Cisco Investments also participated in this round.

The company says this preemptive round now brings Dremio’s valuation to $2 billion, up from $1 billion when it raised its Series D round just over a year ago.