Dremio was founded in 2015 by Jacques Nadeau and Tomer Shiran. While discussing the company's future, CPO Shiran stated that their goal "is to build a great standalone public company. We don't have a specific timeline in mind for an IPO, but it's definitely the path that we're headed." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Dremio is a high-performance data lake platform. The company has raised more than $400 million in venture capital funding, most recently in a January 2022 Series E round that brought in $160 million from investors including Adams Street Partners, Sapphire Ventures, Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, and Cisco Investments. The round resulted in a post-money valuation of $2 billion, doubling the company's valuation from the previous year.