Dremio announced it has raised $135 million in Series D funding, bringing the company’s valuation to $1 billion. The new fundraising round is led by Sapphire Ventures, Lightspeed Venture Partners, Norwest Venture Partners and Redpoint Ventures. The investment will help the company 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. The investment comes nine months after a $70 million round led by Insight Partners in March 2020.
Source: https://www.helpnetsecurity.com/2021/01/08/dremio-series-d/