{"id":2690,"date":"2021-01-06T14:02:50","date_gmt":"2021-01-06T19:02:50","guid":{"rendered":"https:\/\/solutionsreview.com\/data-management\/?p=2690"},"modified":"2021-01-06T14:12:45","modified_gmt":"2021-01-06T19:12:45","slug":"dremio-nabs-135-million-in-second-funding-round-since-march","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/data-management\/dremio-nabs-135-million-in-second-funding-round-since-march\/","title":{"rendered":"Dremio Nabs $135 Million in Second Funding Round Since March"},"content":{"rendered":"<div id=\"attachment_2693\" style=\"width: 810px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2693\" class=\"size-full wp-image-2693\" src=\"https:\/\/solutionsreview.com\/data-management\/files\/2021\/01\/oie_CyzIjPZOGhrx.jpg\" alt=\"Dremio Nabs $135 Million in Second Funding Round Since March\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/data-management\/files\/2021\/01\/oie_CyzIjPZOGhrx.jpg 800w, https:\/\/solutionsreview.com\/data-management\/files\/2021\/01\/oie_CyzIjPZOGhrx-300x150.jpg 300w, https:\/\/solutionsreview.com\/data-management\/files\/2021\/01\/oie_CyzIjPZOGhrx-768x384.jpg 768w, https:\/\/solutionsreview.com\/data-management\/files\/2021\/01\/oie_CyzIjPZOGhrx-600x300.png 600w, https:\/\/solutionsreview.com\/data-management\/files\/2021\/01\/oie_CyzIjPZOGhrx-162x81.png 162w, https:\/\/solutionsreview.com\/data-management\/files\/2021\/01\/oie_CyzIjPZOGhrx-360x180.png 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><p id=\"caption-attachment-2693\" class=\"wp-caption-text\">Source: Dremio<\/p><\/div>\n<p style=\"text-align: justify\">Dremio has <a href=\"https:\/\/www.dremio.com\/press-releases\/dremio-raises-135-million-in-series-d-funding-to-drive-data-lake-transformation-for-global-enterprises\/\" target=\"_blank\" rel=\"noopener noreferrer\">announced new funding<\/a> in a Series D round worth $135 million, according to a press release on the company&#8217;s website. The Dremio funding brings the company&#8217;s total raised to more than $250 million since its founding in 2015 and comes on the heels of <a href=\"https:\/\/solutionsreview.com\/data-management\/dremio-nabs-70m-series-c-funding-for-product-capabilities-expansion\/\" target=\"_blank\" rel=\"noopener noreferrer\">funding in March 2020<\/a>. The new capital injection is being led by Sapphire Ventures with participation from existing partners. Dremio will use the funding to expand its engineering centers of excellence and invest in growing a community of data lake practitioners.<\/p>\n<div class=\"box box3\">Our <a href=\"https:\/\/solutionsreview.com\/data-management\/data-management-data-warehouse-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Buyer&#8217;s Guide for Data Management Platforms<\/em><\/a> helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace.<\/div>\n<p style=\"text-align: justify\">Dremio offers a product called\u00a0<a class=\"external\" href=\"https:\/\/www.dremio.com\/data-lake-engine\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Data Lake engine<\/a> that provides fast query speed and a self-service semantic layer that operates directly against data lake storage. The solution connects to S3, ADLS, Hadoop, or wherever enterprise data resides. Apache Arrow, Data Reflections, and other Dremio technologies work together to hasten query speeds, and the semantic layer enables IT to apply security and business meaning. Users do not have to send data to Dremio or have it stored in proprietary formats to access it.<\/p>\n<p style=\"text-align: justify\">The capital injection comes after a record year for Dremio, as the data lake tools provider grew its revenue more than three-and-a-half times and partnered with many of the world\u2019s Global 2000 companies. Solutions Review recently named Dremio one of <a href=\"https:\/\/solutionsreview.com\/data-management\/solutions-review-names-data-management-for-analytics-vendors-to-watch-2021\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>5 Data Management for Analytics Vendors to Watch, 2021<\/em><\/a>.<\/p>\n<p style=\"text-align: justify\">In a media statement about the news, Dremio CEO Billy Bosworth said &#8220;There is a challenging story before the story when it comes to data warehouses, and that is the process of copying, moving and synchronizing data. Dremio\u2019s technology fundamentally simplifies workflows allowing analytics directly on your full data set, stored in industry-standard open formats, residing in native cloud storage. We are pleased to have Sapphire Ventures on the investor team helping to make that possible.&#8221;<\/p>\n<p style=\"text-align: justify\"><div class=\"hr hr\"><\/div><\/p>\n<p style=\"text-align: justify\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"speedbump\" href=\"https:\/\/solutionsreview.com\/data-management\/data-management-vendor-map-a-guide-to-the-best-data-management-tools\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" src=\"https:\/\/solutionsreview.com\/data-management\/files\/2019\/01\/data-management-vendor-map-sb-cta.jpg\" alt=\"Download Link to Data Management Vendor Map\" width=\"800\" height=\"225\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dremio has announced new funding in a Series D round worth $135 million, according to a press release on the company&#8217;s website. The Dremio funding brings the company&#8217;s total raised to more than $250 million since its founding in 2015 and comes on the heels of funding in March 2020. The new capital injection is [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":2693,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[917,678,916],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dremio Nabs $135 Million in Second Funding Round Since March<\/title>\n<meta name=\"description\" content=\"Dremio has announced new funding in a Series D round worth $135 million, according to a press release on the company&#039;s website.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/data-management\/dremio-nabs-135-million-in-second-funding-round-since-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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