Dremio, a leading data analytics platform, has just announced the close of their $135 million Series C round of funding, led by January Fund and Lardinois. The new capital will be used to expand their product offering and grow the team. This news was first reported by TechCrunch.
Overview of Dremio
Dremio $135M Series January Lardinois TechCrunch is a data analytics platform that provides organizations with the tools they need to integrate, explore and analyze their data. Founded in 2015, the company has become the go-to platform for those looking to get the most out of their data and make better decisions. The platform is powered by Apache Arrow, a powerful open-source in-memory analytics engine.
Dremio’s Funding History
Prior to the Series C, Dremio had raised a total of $53 million in funding. This included $25 million in a Series B round led by Redpoint Ventures, which was announced in December 2018. The company also received $28 million in a Series A round, which was led by Norwest Venture Partners and Lightspeed Venture Partners in April 2017.
Series C Round Details
Dremio’s Series C was led by January Fund, a venture capital firm that focuses on early-stage investments. The round was also supported by Lardinois, a venture capital firm based in San Francisco. Both firms have previously invested in Dremio and were joined by a number of other venture capital firms for the Series C.
How the Funding Will be Used
With the new capital, Dremio plans to further expand their product offering and grow their team. The company is looking to add new features to the platform that will make it even easier for organizations to get the most out of their data. Additionally, the funding will be used to expand the team and build out the sales and marketing teams.
TechCrunch’s Coverage
TechCrunch was the first to report on the news of Dremio’s Series C funding. The article notes that the company has seen an increase in demand for their platform due to the pandemic and the need for organizations to make better decisions with their data. The article also provides a detailed breakdown of the company’s funding history.
Conclusion
Dremio $135M Series January Lardinois TechCrunch recent Series D funding round for Dremio is a testament to the company’s success and staying power in the data analytics industry. With a $135 million investment, they have made a strong statement of their commitment to creating innovative and powerful data solutions. We look forward to seeing what Dremio will bring to the market in the future.
