The company says this preemptive round now brings Dremio’s valuation to $2B, up from $1B when it raised its Series D round just over a year ago. This new funding gives Dremio a lot of room to expand its engineering team, to triple the company’s sales capacity and to greatly expand its go-to-market in Europe this year.
Dremio launches the Dart Initiative to make running SQL queries across data lakes spanning multiple cloud storage services more efficient.
Dremio makes cloud data warehouses obsolete, bringing data warehouse functionality to cloud data lakes through direct queries for high performing dashboards and analytics. Gone is the requirement to copy data into data warehouses first – a costly, complex, risky and inflexible process.